New Virginia Law Will Protect Homebuyers from Predatory Contracts [Yahoo! Finance]
First American Corporation (New) (FAF)
Last first american corporation (new) earnings: 4/23 06:45 am
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Source: Yahoo! Finance
industry, alongside AARP and the Virginia Land Title Association (VLTA) applaud the Virginia legislature for passing Senate Bill (SB) 576, which includes provisions protecting homeowners from the predatory practice of filing unfair real estate fee agreements in property records, known as Non-Title Recorded Agreements for Personal Services (NTRAPS). The new law will make NTRAPS unenforceable. "The property rights of American homebuyers must be protected," said ALTA Vice President of Government Affairs Elizabeth Blosser . "A home often is a consumer's largest investment, and the best way to support the certainty of land ownership is through public policy. We have to ensure that there are no unreasonable restraints on a homebuyer's future ability to sell or refinance their property due to unwarranted transactional costs." NTRAPS have been recorded in property records since 2018. The practice preys upon homeowners, offering small cash gifts in exchange for decades-long contracts for t
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FAF
Earnings
- 4/24/24 - Miss
FAF
Sec Filings
- 4/26/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/15/24 - Form 13F-HR/A
- FAF's page on the SEC website