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Re: One by one...no more free data

Posted by Rob on July 02, 2009 at 5:41 PM

In Reply to: One by one...no more free data posted by CC in OC on July 02, 2009 at 12:40 AM

The best part of all this is that this bill is from 1978! Yes 1978!
CA Insurance Code 12404.1 & CA code (rtc 408.3b)
Good Times This is our next Governor

:

To Our Valued Clients:
:
: As you are probably aware, all title companies operating in California are regulated by the
: Department of Insurance (CDI). A letter was recently issued by the CDI informing all title
: companies doing business in the state that the CDI will no longer permit title companies to provide
: courtesy copies of recorded documents, comparable sales information and property transaction
: histories to any person requesting such information. These items have been traditionally included
: in information packets such as property profiles or have been generally available to consumers who
: request such items free of charge. The CDI’s letter does allow title companies to continue to
: furnish upon request the following information….
:
: -- The name of an owner of a specific property
: -- A legal description of such property as described by assessor’s records
: -- Specific property characteristics contained in the tax assessor’s records
: -- Year improved dwelling was built
: -- Dwelling square footage
: -- Number of bedrooms and baths
: -- The real property dimension or acreage
: -- Number of dwelling units
: -- Other improvement attributes such as zoning or use designation, swimming pools, views, etc.
: -- An assessor’s map depicting lot dimensions or lot size

: We are aware that the CDI’s most recent ruling, and our company’s need to comply with this
: ruling, creates immediate business interruptions for our valued customers. In an effort to
: minimize such interruptions, we’re enclosing information below on a data provider by the name of
: LPS who can provide you an array of real estate information including legal documents for a
: relatively low cost. This data provider is well known to us as we have purchased large amounts of
: real estate information from this source.

: www.AgentPro247.com (for Realtors®) or www.LoanPro247.com (for lenders)

: For further information on this letter or on LPS, please contact your Chicago Title Sales
: Representative. We apologize for any inconvenience and appreciate your continued support.

: Do you understand NOW, JK?



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