Minnesota Regulators Take Action Against Title Agency That Allegedly Stiffed Underwriter Out Of Insurance Premiums Collected From Real Estate Closings

In St. Paul, Minnesota, the Duluth News Tribune reports:

• A family-owned and operated title insurance agency in Duluth and Two Harbors has been accused of fraud and operating without proper licenses by the Minnesota Department of Commerce. Scenic Title and Abstract Inc. is accused of collecting premiums from clients on behalf of Fidelity National Title Insurance Co. and never sending the collections to Fidelity. The title company, owned by Kevin Eckholm, is accused of failing to submit premiums in 237 instances in the past four years, court documents show.(1)

For more, see Title company accused of fraud.

For the Minnesota Department of Commerce press release, see Title Insurance Company in Duluth and Two Harbors charged with fraud.

Thanks to Bill Collins of Crossroads Abstract, Rochester, NY for the heads-up on this story.

(1) The Minnesota Department of Commerce Order for Summary Suspension of the firm's licenses is effective immediately and will be considered at a hearing before an Administrative Law Judge. EscrowRipOffKappa title insurance legal issues