American Land Title Association
Print Friendly
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Child Support Collection Gets Boost from Title Insurance Industry

December 1, 2006

SACRAMENTO, Calif., -- Recent figures from the California Department of Child Support Services indicate that title companies, which serve has the primary source for the collection of child support liens in the state, recovered more than $80 million in delinquent payments during the 2005-06 Fiscal Year. According to these same figures, title companies have secured more than $330 million in delinquent child support payments since July 2002.

Full-protection title insurance relies upon an exhaustive search of the public record to identify and correct liens and encumbrances on property. A recent national study showed that title companies undertake corrective action in more than one out of every three real estate transactions. "Title companies play an important role in the collection of child support in California, which often goes unrecognized by regulators and consumers," said California Land and Title Association executive vice president Lawrence Green. "Not only do title insurers undertake an exhaustive search of public records to protect property owners, they coordinate with government agencies to identify and recover delinquent child support, spousal support and tax payments that would otherwise have gone uncollected." Earlier this year, Governor Schwarzenegger signed into law Assembly Bill 2126 by Assemblyman Ted Lieu (D-El Segundo). The legislation, supported by CLTA, streamlines the collection of child support payments in California and strengthens the enforcement of the law to protect children and parents who have a legal right to child support money.

Title insurance is used by homebuyers and lenders for protection against back taxes, undisclosed liens, legal judgments, forgeries, fraud and a host of other potential legal/financial problems that can arise when purchasing or refinancing property. Most of the title insurance premium goes towards identifying and eliminating these potential problems before the close of escrow. Consumers pay only once for title insurance -- there are no monthly premiums -- for coverage that lasts as long as they own the property.

Source: The California Land Title Association

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2016 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment