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Out of State Transactions
G&A SETTLEMENT SOLUTIONS
CONNECTICUT Only a Connecticut-licensed attorney may issue title insurance policies and solicit title insurance business. See C.G.S. §38a-402. Any person or corporation violating this section may be fined up to $15,000 per occurrence. See C.G.S. §38a-2. Attorneys typically close real estate transactions and disburse - because so many aspects of a real estate transaction constitute the practice of law. There is currently a federal class action law suit pending against the ten largest national title insurers. The suit alleges that the insurers have created unlicensed, illegal title agencies. The plaintiff survived a motion to dismiss, and the case continues. See Gale v. Chicago Title Insurance Co., et al., Civil Action No. 3:06CV1619, U.S. District Court for District of CT. NORTH CAROLINA SOUTH CAROLINA |
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