Prof. Cox Quoted in Star Tribune on Enforcement Action Against Title Company

Professor Prentiss Cox was quoted in a Star Tribune article about an enforcement action by the Minnesota Department of Commerce against Title Smart, a title insurance and closing company. Cox noted that the enforcement action was important because of the paucity of actions by regulators involving the widespread conduct of title companies to provide benefits to real estate agents and mortgage brokers despite the prohibition against referral compensation in the federal Real Estate Settlement Service Procedures Act (RESPA). Cox also noted the uniqueness of the allegation by the Commerce Department that a title company's provision of free entertainment services violates anti-solicitation prohibitions in state law regulating insurance agents.