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On February 9, 2011, SF 278 was introduced. Senators Sparks, Sheid and Vandeveer authored this legislation in an effort to protect consumers from injury in the event of a title agent's defalcation. In response to this introduction, several members of MLTA's Legislative Committee met with Senator Sparks and held a frank and open discussion about the bill, its positive points and the areas that we identified as potentially creating significant burden or damage to our industry. The conversation was very productive and cordial. Senator Sparks invited MLTA to develop amendments to his proposed bill and then meet again, in an effort to make this the best possible legislation addressing concerns of the public, the Department of Commerce, and our industry. The MLTA developed proposed revised language for the bill during the winter of 2011 as shown below. MLTA members were then invited to review the proposal and share questions or concerns. Discusson about the bill between MLTA and the state is ongoing. It continues to be both cordial and productive. Senate File 278 as Amended 110311 Senate File 278 Title Agent License If you have any questions, please contact one of the MLTA Legislative Committee co-chairs as listed below. Sue Basiago
Midland Title
612-866-6102
sue@midlandtitlemn.com
Nancy Landmark
Commercial Partners Title, LLC
612-337-2470
nancyl@cptitle.com
Marty Henschel
Edina Realty Title, Inc.
952-928-5475
martyhenschel@edinarealty.com
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