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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