More local title companies face proposed fines of $300,000

September 19, 2007 by Leave a Comment

The Insurance Commissioner released a new report yesterday disclosing more title companies involved with using illegal inducements to induce business.   In addition to more details regarding Stewart Title of Snohomish County’s violations, Rainier Title (a licensed agent for Commonwealth Title Insurance Company) was added to the mix. 

Both John L. Scott and Coldwell Banker Bain have ownership interest in Rainier Title which received a $115,000 penalty with $65,000 suspended if they can play nice and follow the rules for 2 years.

The investigation continues….

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Filed Under: Title Insurance
About Rhonda Porter

Rhonda Porter (NMLS 121324) is a veteran Washington Mortgage Advisor with over 25 years of experience navigating the Pacific Northwest real estate market. Specializing in residential home financing and mortgage strategy, Rhonda founded The Mortgage Porter to provide homeowners with transparent, data-driven clarity. Based in Seattle, she is a trusted resource for first-time buyers, self-employed borrowers and homeowners across Washington State, dedicated to turning complex financing into a confident path to homeownership.

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