The Real Deal Reports,
In a major victory for agents, closers, and underwriters, a judge on Thursday annulled the strict anti-marketing regulations enacted earlier this year by the Department of Financial Services. The rules had been an attempt to crack down on excessive wining and dining in the industry, but insurance companies and their representatives called it a death knell to their business.
In a 15-page decision, Judge Eileen Rakower sided with the industry and challenged DFS’ use of a state insurance law to prevent companies from engaging in ordinary marketing activities.
Read more about this momentous victory for the New York State Land Title Association and its members online.