Violation Tracker Individual Record

Company: 
Stewart Title Guaranty Co. and Electronic Closing Services, Inc. dba E-Title
Current Parent Company: 
Stewart Information Services
Penalty: 
$1,500,000
Year: 
2007
Date: 
July 18, 2007
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Violation Description: 

Stewart Title and E-Title agreed to pay $1,478,576 in penalties and $21,424 in costs in settlement of allegations they issued title policies based on material prepared by Richmond Title Services, which was not licenced to carry out insurance transactions in the state.

Level of Government: 
state
Action Type: 
agency action
Agency: 
California Department of Insurance
Civil or Criminal Case: 
civil
Facility State: 
California
HQ Country of Parent: 
USA
HQ State of Parent: 
Texas
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.