Peter Blake, Colorado News Agency:
"When trade groups seek to limit competition, a major goal for most of them, they usually just ask the legislature to provide state regulation and licensing.
But the title insurance folks are going beyond that. Apparently the licensing they already have isn't doing the job. Now they want to make sure the business is handled only by title companies that have a physical office inside Colorado's borders.
Regulation is never promoted as limiting competition, of course. It's always sought as being in the best interest of the consumer, who might otherwise suffer from lower prices — oops, make that shoddy goods and services.
Indeed, no licensing campaign has ever been launched by consumers. They can't afford lobbyists, and their response to shoddy goods or services is to stay away from them.
The sponsor of House Bill 1211 is Rep. Matt Jones, D-Boulder, but the driving force is the Land Title Association of Colorado. The bill does have the virtue of being short. All it demands is that title insurance agents in Colorado “maintain a physical office within this state” that is “the primary work place for one or more full-time employees.” For some reason, lawyers are exempted.
To most of us, title insurance is just one of those numerous documents that they shove at us to sign during the paper blizzard that accompanies the closing on a house we're selling or buying. There's a fee, of course; it's usually borne by the seller...." (Read more? Click title)
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