Diane Hits Another One Out of The Park

Another great post by Diane Cipa over at the Radical Title Talk Blog. This post is about the need for change in the title industry and she hits the nail on the head with this, "I have one piece of advice for lawmakers and regulators. Create simple laws. Choose your side. Make it black or white, but don't pretend there is a shade of gray that will solve anything." And she is 100% correct. If there is any way the law can be "interpreted" it is left open for the shadesters to jump in and create their sham arrangements, which will cost the consumers more and more.

If those at the top actually care about change and protecting consumers they will get rid of the gray areas and state emphatically that paying for business is illegal. Setting up sham ABA's to steer business is illegal. And anything besides honesty and truthfulness towards consumers is illegal. And strong sanctions and punitive fines will go along with the new laws not the current piddly fines that are simply a cost of doing business to many title companies. Put some teeth into the law and make sure that those who are cheating the system (and consumers) pay a strong enough price to deter others from doing the same thing in the future.

Let's clean up this mess once and for all.