Insurance Regulations 206 and 208
November 16, 2017
The New York State Department of Financial Services (“DFS”) published Insurance Regulations 206 and 208 in the October 18th State Register. Regulation 206 took effect on October 18, 2017 while Regulation 208 takes effect on December 18, 2017. These new regulations will have a significant impact on the title industry in New York. They address issues such as title insurance fees, required disclosures, marketing and advertising, and more. The industry association, New York State Land Title Association (“NYSLTA”) has been actively involved in the deliberations and debate over these changes.
For more information visit their website at http://nyslta.site-ym.com/ or Click here for Regulation 206 & Click here for Regulation 208. Nationwide Court Services has already ensured that our practices are up to date and compliant with the regulations. For more information, contact the Title Department at (631) 981-4400.
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