HAPPl

September, 1975 A Message from the President

SEPTEMBER, 1975

The land title evidencing system in the United States is rooted in the common law of England. Our founding fathers were determined to preserve the individual freedom to own land and protect the rights and interests therein. They realized the importance of real estate and its definite and limited quantity. Basically, our system remains the same today because it properly protects interests created in land by prior and current owners. Each of us in the title profession can be very proud to be part of a system that has worked beneficially for all concerned for 200 years. There have been pressures, demands and proposed changes to "short-cut" the method and rid ourselves of "all these technicalities". However, clear heads have prevailed and have proved that our existing system better protects everyone's basic interest in land. Criss-crossing the country, attending state title meetings and talking with so many of you over the last three years has given me new insight into the title profession. Members of ALTA are honest and conscientious people who through se rvice and integrity have provided America with the finest in land title protection. As we celebrate the two hundredth anniversary of the founding of our country, each of us can be proud to be part of a profession that remains a bulwark for the liberties and freedom of Americans. People like you ALTA members-with high moral values and outstanding character-are the strength of our nation. The Title Insurance Centennial Convention of ALTA will be held in Chicago October I through 4. The pro­ gram is strong, with emphasis on the regulatory, political and judicial influences that are affecting our industry. Your attendance is vital to you and to your Association.

Sincerely,

Robert J. Jay

P.S. -It has been a unique and challenging experience to work with all members of ALTA as your president. Sally and I thank you for your loyal support, enthusiasm and generous hospitality accorded us as we have traveled to your state and regional meetings throughout the country. FIRST MAJOR "BREAK- TNRfJIJfiN'1 IN 2S YEARS IN REAl ESTATE TABlES!

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Write todt1y for your complimenftlry copy (to Lending Institutions only) PROFESSIONAL PUBLISHING CORPORATION 122 Paul Drive • San Rafael, California 94903 Attendance at five affiliated state association conventions will provide a full travel schedule for ALTA officers this month. President-Elect Richard H. Howlett will journey to Reno on September 5 for the Nevada Land Title Association Convention. President Robert J. Jay will be in Kansas City for the Missouri Land Title Association Convention September 5-7, and will travel to Cleveland for the Ohio Land Title Association Convention September 14-16. Title Insurance and Underwriters Section Chairman C. J. McConville will be in LaCrosse, Wis., September 9-10 for the Wisconsin Land Title Association Convention. And, Abstracters and Title Insurance Agents Section Chairman Philip D. McCulloch will travel to Minot, N.D., for the North Dakota Title Association Con­ vention.

A meeting of the ALTA Liaison Committee with the Mortgage Bankers Associa­ tion of America has been scheduled for September 12 in Colorado Springs. ALTA members of this group are Chairman Robert C. Bates, James 0. Hickman, Bruce M. Jones, Thomas Pearson, and Billy F. Vaughn. ALTA Executive Vice President William J. McAuliffe, Jr., also will attend the meeting.

ALTA ALTA Director of Public Affairs Gary L. Garrity and fellow members of a review group for a new HUD consumer information project known as a "housing pre­ purchase information package" recently provided their comments to the agency on the first draft of a related folder and estimator device designed to help the consumer determine what his housing costs will be. Other members of the review group formed at the invitation of HUD Assistant Secretary for Policy Development and Research Michael H. Moskow are Caroline Cresswell, Federal Home Loan Bank Board staff; Lou Terens and Ann Barnes, United States Office of Consumer Affairs staff; H. Jackson Pontius, National Association of Realtors executive vice president; Les Blattner, National Association of Home Builders staff; Simon Trevas, United States League of Insured Savings Associations staff; Anthony DeVeau, Co­ lumbia Federal Savings and Loan Association, Washington, D.C.; Guy Henle, editor, Consumer Reports; Jack Pflieger, Time Magazine; Lucille Shriver, National Federa­ tion of Business and Professional Women's Clubs; and Benny Kass, consumer attor­ ney.

ALTA Business Manager David R. Mclaughlin reminds that corrections, amend­ ments or changes in copy for the Association's 1976 Directory that are received after September 1 and before November 1 require a $7.00 per line charge to the submitting member for related expense. September 1 is the regular deadline for Directory changes, and members have been notified of this at an earlier date. No Directory changes will be accepted after November 1.

* Shooting recently has been completed on two of three ALTA television celebrity film announcements scheduled for release early in 1976 as part of the Association's Public Relations Program. These announcements encourage consumers to write ALTA for free information on home buying and land title protection. They feature Angie Dickinson, star of NBC Television's, "Police Woman", and Mike Evans, featured in the CBS series, "The Jeffersons". Plans are to complete work on the third film announcement later this year. Members of the ALTA Public Relations Committee include Chairman H. Randolph Farmer, Vice Chairman Philip B. Bran­ son, Patrick McQuaid, Francis E. O'Connor, James W. Robinson, EdwardS. Schmidt and William H. Thurman. litle News the official publication of the American Land Title Association

Association Officers Features President Robert J . Jay Land Title Abstract Co. Advertising Pays in Watonga 5 (Port Huron) Detroit. Michigan President-Elect Richard H. Howlett Millions Hear ALTA Radio Spots 8 Title Insurance and Trust Company Los Angeles. California Chairman. Finance Committee ALTA Judiciary Committee Report: Part IV 10 Alvin W. Long Chicago Title and Trust Company Chicago. Illinois Treaurar Fred B. Fromhold Commonwealth Land Title Insurance Company Philadelphia. Pennsylvania Chairman. Abstracters and Title Departments Insurance Agents Section Philip D. McCulloch Hexter Fair Title Company A Message from the President Inside Front Cover Dallas. Texas Chairman. Title Insurance and Underwriters Section Names in the News 13 C.J . McConville Title Insurance Company of Minnesota Minneapolis. Minnesota 14 Immediate Past President State Association Corner Robert C. Dawson Lawyers Title Insurance Corporation Richmond. Virginia Meeting Timetable 16

Association Staff Executive Vice President

William J . McAuliffe. Jr. ON THE COYER: A "Happy Birthday" sign with only the first names of Director of Public: Affairs those being congratulatep is part of asuccessful advertising and public re­ Gary L. Garrity lations program that has helped increase business at The Blaine County Director of State Governmental Affairs Abstract Co., Inc., in Watonga, Okla. Earnest Hoberecht, left, president of the concern, is shown Ralph J. Marquis discussing the market with Gordon K. Cotton, local real estate agent. For the story on this promotional effort, please Director of Research turn to page 5. Richard W. McCarthy

Business Manager VOLUME 54, NUMBER 9, 1975 David R. Mclaughlin Association General Counsel TITLE NEWS is published by American Thomas S. Jackson Land Title Association, 1828 L Street, Jackson. Parkinson & Jackson N. W .. Washington, D.C. 20036; (phone) 202-296-3671. 1828 L Street. N.W. Washington. D.C. 20036 GARY L. GARRITY, Editor RICHARD W. RONDER. Managing Editor HEY HONEY! Get packed ...... We are going to the A.L.T.A. Convention in Chicago to see how I can automate my Title Company!

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An Affiliate of: Title Insurance Agency of Tampa, Inc. A member of The American Land Title Association Earnest Hoberecht, President Blaine County Abstract Co., Inc.

Advertising Pays in Watonga

e increased our abstract busi­ been back in the United States only 13 my father dropped dead. W ness more than three times in six months when my father had his fatal I bought out my sister's half of the years and I give our advertising pro­ heart attack. But while I was a United business, rolled up my sleeves and at the gram a good deal of the credit. Press International vice president and age of 50 started an entirely new career. This can be made to sound a bit more general manager for Asia, I had prom­ Now I was reporting on the history of impressive by adding that there are two ised my father than we would keep his the land in Blaine County instead of other active abstract plants in our business "in the family" if anything reporting on the happenings and in­ county. happened to him. trigue in international capitals. Like my re-entry into the abstract I had taken early retirement from Since January of 1968, I have found business, some of our advertising tech­ UPI in 1966 to look after my farms and that advertising and public relations are niques were born by fortune or by acci­ other growing personal business inter­ just as important in the abstract busi­ dent. Some were the result of consid­ ests and was living a relaxed life when ness as they are in any other business erable thought and the tough and expensive process of elimination. My father, the late E. T. Hoberecht, was a banker until the big depression of the 30's. In the summer of 1936, he and I started the Guaranty Abstract Com­ pany in a small, hot room a block off Main Street. We had two desks, a file cabinet and a girl who worked part time when we got an order. There wasn't enough work to keep me busy, and after drifting from job to job I lucked into a chance to enter the University of Okla­ homa in the autumn of I 937. In the mid-forties my father pur­ chased the Blaine County Abstract Co., founded in 1902, and merged his other company into it. I got back into the abstract business because he died and left his business to my sister and me. Suddenly and un­ expectedly, we were the owners of an abstract plant. Not in 30 years had I given more than Earnest Hoberecht. president of Blaine County Abstract Co .. Inc .. Watonga, is shown in the picture the slightest thought to this line of above completing work on advertising copy for a local newspaper. Hoberecht. who formerly owned endeavor. I had spent 24 years in Asia four newspapers and worked overseas for 24 years as a war correspondent and foreign correspond­ as a foreign correspondent and had ent. has achieved noteworthy results with advertising.

TITLE NEWS 5 that wants to be successful and profit­ he thinks he is getting. And many of One day we noticed that a girl who able. our advertisements prominently display once had worked in my father's abstract Through several events, we found that the line, "We are bonded and our work office had gone to work for the real abstracters aren't always loved and is guaranteed!" estate agent across the street. She was respected as much as they they are. I always remember the story about a popular girl and one of my employees Neither are they understood. It came as the man who told his friend that he was remembered that this particular day was a shock to me and to many other mem­ going out of business because of a big her birthday. bers of the Oklahoma Land Title As­ advertising budget. We went to the sign and put up: sociation. "I didn't know you ever spent a cent "Happy Birthday, Carol." Let me cite some examples. on advertising," the friend observed. The next day happened to be the When I talked before student groups, "I never did," replied the first gen­ birthday of someone else we knew, so they really had no idea of what we did tleman. "My competitor did!" up went their name. And a real Waton­ or why we did it. During the first year and a half we ga institution was born! When I talked before civic groups, wasted a lot of money on various adver­ Now, every day we put up from three they really had no idea of all that went tising projects and gimmicks that did to seven names. Only the first name is into the building of an abstract. They not pay off. We learned that a compli­ used- which adds to the interest and weren't really aware of all the records mentary ad in a school annual in the creates a lot of guessing and conversa­ we keep, or the cost of keeping them . next town isn 't going to be of any tion. We secure our names from the They weren't aware of all the checking value-unless the girl selling the ad is birthday calendar sponsored by the high and double-checking that goes on. the daughter of a big land developer. school band and we get them from When the state legislature met, their We discovered that nobody buys an persons who write or come in to give us comments on abstracters practically abstract from you just because you run the birth dates of their relatives and drove all of us in the business straight a newspaper advertisement filled with friends. up the wall. dull copy. The project has become so successful Abstracters in Oklahoma are doing a And right off we discovered it is not that I fear that sooner or later there is good, professional job at a reasonable easy to make an ad for an abstract com­ going to be an auto accident in front of price. But we may be the only people pany "sexy." We believe an abstracter's our office. Many people drive by daily who know it. As a group we certainly ad should be dignified, but it also has for the sole purpose of looking to see haven't properly told our story or put to be interesting or nobody is going whose name is on our sign. across the idea in advertisements. to read it. It is no accident that we have a big So, in our advertising and public rela­ One of our best programs developed OL T A decal above the illuminated tions, we have stressed the positive. We by accident. We had an electric sign in birthday sign. adopted the slogan: "We Help People" one window. It was the type permitting One of our best forms of advertise­ and use it in nearly all our ads. We us to spell out any message desired in ment is a column which we run in sev­ point out in "o ur ads that we are on the four or five inch letters. Most of the eral newspapers throughout the county. consumer's side, because an abstract time, however, it merely read: "Blaine The column is headed with a picture of helps the purchaser of property get what County Abstract Company." me and the title "MEMO FROM ERNIE." It carries my by-line, and under that is a line telling how to pronounce my name-" Ho-bright." I am third generation in my home town and the old timers all know how to pronounce my name. But, these days there is a big change in the population even in small towns and small counties, so the phrase "pronounced Ho-bright," does just a little more to make them remember us. A typical column will consist of two philosophical sayings, five to ten lines of advertising, then two or more say­ ings. Both the publishers and I get fan mail and I sometimes wonder if they shouldn't be paying me, instead of charging me their regular display rates. In the photo at left. Clydene Heffel. left. and Virginia Edsall of Blaine County Abstract Co .. Inc .. We've had people come into our ab­ insert ALTA public relations literature into mail sent out by the company. Earnest Hoberecht. owner stract office for the first time carrying and president of Blaine County Abstract Co., Inc .. hands them a copy of the ALTA pamphlet. Lincoln Lost His Home. clipped-out columns with them. We've

6 SEPTEMBER 1975 had clients laughingly complain that during the course of the year. newspaper from Oklahoma City to they wish we would quit advertising -Our company business cards have each room in Watonga's 35-bed that we store abstracts free because a calendar on the back. People hospital. Each is stamped in large their elderly parents keep insisting that tend to retain and use these. They type with: "Compliments Earnest they should bring their abstracts down don't toss them in a drawer with Hoberecht, Blaine County Abstract here. other business cards. Co., Inc." Recently we moved into new, larger - Whenever we mail out a letter or -Our company has a large highway quarters. They formerly were the home statement or abstract, we try to billboard on the highway west of of a bank, right at the main downtown include some kind of a "stuffer" in town, has an electric sign at the intersection. So, we have been using a it. We sometimes just include our weekly cattle sale and has a large picture of the building in our display business card. Sometimes we en­ sign over the alleys at the bowling ads. It not only is impressive but lets close the ALTA pamphlet, The alley. everybody know where we are. Importance of the Abstract in -And like most companies dealing Once a month we run a display ad­ your Community. Other times we with the public, we give away pen­ vertisment on the oil page of the Sunday include the stuffer, Lincoln Lost cils, pens, flag decals, lucky pennies Oklahoman, published in Oklahoma his home, or other ALTA material. and other items with our name on City. This i for the benefit of the oil - We have the largest abstract com­ them. companies and lease brokers in Okla­ pany advertisements in the yellow To go along with any advertising and homa-a very important part of our pages in our town. public relations program you must have business. In these ads we say: "Don't -When we moved into our new a product. Nothing can save you if you Forget Blaine County. There's still building, we ran a quarter-page ad don't deliver the goods, provide better­ plenty of oil and gas to be discovered in the local newspaper. We promi­ than-average service and give service here. And when you need an abstract nently displayed a picture of our with a smile. We do our best in each you can depend upon, call upon Blaine new quarters and had reprints of department and with each abstract that County Abstract Co., Inc." the ad made. We mailed these to all leaves our office there is a letter to the There's a secondary benefit to such abstracters in Oklahoma, to all of person placing the order saying, "We advertising. We have found it also helps the clients in our ledger, and to appreciate your business." our image with local clients. And, be­ persons and firms we wanted for With a good product AND a good lieve me, image is important. clients. advertising program, you have an excel­ In this connection, let me say that -We carry a sizeable advertisement lent chance for real success. moving into the former bank building in such things as the annual direc­ Keep in mind this old saying: "Trying also served to build image. tory of the Oklahoma City Asso­ to do business without advertising is What are some of the other adver­ ciation of Petroleum Landmen and like trying to kiss a girl in the dark. You tising techniques employed? They in ­ other similar directories. know what you are doing, but nobody clude: -We provide the morning daily else does." 0 -We mail 2,000 Christmas cards. Our basic list was started by my father. We add to it by checking our ledger and by putting on the names of people from companies that we would like to have for clients. D Automated title plants -We mail out five to ten birthday D Cartridged microfilm systems greeting cards daily. For these we D Plant-building services draw upon the same sources as we MANAGEMENT SYSTEM D Automation feasibility studies do for our birthday sign. We make TITLE INFORMATION these more "individual" and "per­ LANDEX systems and services are designed with the help of title people sonal'' by having all nine persons to serve the information-management needs of the title industry. May we in the office sign each card with tell you more? Check the topic above that interests you, clip this adver­ their first name. tisement, and send it with your business card to - -Each year at Thanksgiving time Donald E. Henley, President sent out a personally typed we (213) 990-2130 "thank you" letter to all of the oil companies that have done business with us during the course of the year. Oil company business is ex­ (i) INFORMATA INC tremely important to us here be­ cause of the great number of ab­ INFORMATION MANAGEMENT I 23241 VENTURA BOULEVARD. WOODLAND HILLS. CA 91364 stracts ordered by the oil companies SPECIALISTS IN

TITLE NEWS 7 In addition, the 1975 ALTA pack­ age includes an announcement in which Association Executive Vice President William J . McAuliffe, Jr., tells about closing cost disclosure requirements of the Real Estate Settlement Proce­ dures Act of 1974 (RESPA). Clark recorded two announcements in country style that are proving quite popular with station programming per­ sonnel. In one of these, he tells about a neighbor with many cousins who sold his house-only to have three cousins "nobody ever heard of' sud­ denly appear and try to get the house back. Evans in one announcement recalls the seller of a home who wrote a check for back property taxes and created problems for the buyer when the check was dishonored for insufficient funds. Considerable interest has centered on a Holliman spot based on an actual happening. In dramatic narrative style, Holliman tells about a man who de­ cides to disappear after a hotel fire and let people believe he perished . in the flames. Years later, the man returns and tries to reclaim his house that has been sold. Russell delivers a home buyer infor­ mation message in English- and then repeats it in Spanish in a separate an­ nouncement for Sapnish language sta­ tions. Millions Hear List Indicates Use An indication of use of the ALTA spots is presented by this partial list of stations that have reported broad­ ALTA Radio Spots casting the announcements. Alabama- WUNI, Mobile, and WQLT, Florence Alaska - KRXA, Seward, and KTKN, Ketchikan or the sixth consecutive year, Again this year, the ALTA spots are Arizona- KOOL, KCHS, and F ALTA public service radio spots being aired by more than I ,000 stations KASA, Phoenix, and KVOY, Yuma are reaching a nationwide audience of from coast to coast. Their appeal is at­ Arkansas- KLAZ, Little Rock, millions with messages that advise con­ tributed to creative design that fits a and KFOF, Van Buren sumers to learn the facts in advance re­ variety of programming formats-and California-KIRO, San Diego, and garding the purchase of a home and to the featuring of celebrities who ad­ KEHP, Fresno land title protection. vise listeners to write ALTA for free Colorado- KPIK, Colorado Springs, These announcements are broadcast educational literature. in free public service time donated by Delivering ALTA radio announce­ stations, and are produced as an activ­ ments this year are Roy Clark of ABC ity of the ALTA Public Relations Pro­ Television's, "Hee Haw"; Mike Evans Celebrities featured on 1975 ALTA public gram in conjunction with ADS Audio of CBS's, "The Jeffersons"; Earl Holli­ service radio spot announcements are. top row, Roy Clark (left) and Earl Holliman. Also. Visual Productions, Inc., Falls Church, man of NBC's, " Police Woman"; and second row. Andy Russell (left) and Mike Va. Andy Russell, Spanish music star. Evans.

8 SEPTEMBER 1975 W. H. Sher­ and KAPI, Pueblo Tulsa, and KFLQ, Tahlequah "Spots very helpful." Connecticut- W AVZ, New Haven, Oregon- KPDQ, Portland, and man, KTEO, San Angelo, Tex. Foland, and WIOF, Waterbury KPNW, Eugene "Very good." Myles R. Delaware- WDSD, Dover, and Pennsylvania- WTAE and WKOI, WMOP, Ocala, Fla. WTUX, Wilmington Pittsburgh, and WSFM, Harrisburg "Excellent! Good subcultural adapta­ Florida- WKAT, Miami Beach, and South Carolina- WKZQ, Myrtle tions." Jim Tabaczyaski, WWIZ, WBIX, Jacksonville Beach, and WRHI, Rock Hill Sharon, Pa. type Georgia- WGKA, Atlanta, and Tennessee- WREC, Memphis, and "Would like to see more of this WQQT and WXLM, Savannah WRIP, Chattanooga delivered." Bill Micheals, WRKR, Ra­ Hawaii-KHVH and KCCN, Hono­ Texas- KF M K, Houston, and cine, Wis. lulu, and KIVM, LiHue KIXL, Austin "Good, useful PSA material." Roger Ill. Idaho- KSEI, Pocatello, and KUNI, Utah- KDAL, Price Dee Reynolds, WT A Y, Robinson, Coeur d'Alene Vermont- WEZF, Burlington, and "Good program." Mike Weber, Illinois- W A IK, Galesburg, and WSKI, Montpelier KPIK, Colorado Springs. WGNU, Granite City Virginia-WRVA and WIKI, Rich­ "Good." Chuck Kramer, WFPG, Indiana- WHUT, · Anderson, and mond, and WSLC, Roanoke Atlantic City, N.J. to be of WWKI, Kokomo Washington - KBIQ, Seattle, and "A fine series. We are glad Klamath Kansas-KANS, Larned, and KBBO, Yakima service." Dennis Ray, KAGO, KEDD, Dodge City West Virginia- WONT, Huntington, Falls, Ore. WSDS, Kentucky-KMIK, Middlesboro, and WAJR, Morgantown "Good." Mike Lawrence, and WYGO, Corbin Wisconsin- WISM and WYXE, Ypsilanti, Mich. in 30-second Louisiana- WLUX and WYNK, Madison, and WBA Y, Green Bay "Appreciate the variety Annapolis, Baton Rouge, and KDBS, Alexandria Wyoming- KOVE, Lander spots." Da,vid Pearl, WFSI, Maine-WLBZ, Bangor, and District of Columbia- WRC Md. WDME, Dover "Excellent message and quality." Sampling of Comments City, Tenn. Maryland- WMAR and WPOC, Larry Doxy, WALR, Union thinking." Pat Baltimore, and WFSI, Annapolis Here is a sampling of comments sent "Good spots- proper Beach, S.C. Massachusetts-WRKO, Boston, and to the ALTA office by station personnel Milan, WZKQ, Myrtle them. We WBSM, New Bedford after playing the 1975 spots. "Thank you for sending possible in a Michigan- WMAX, Grand Rapids, "Excellent spots." Allen Collins, will use them as often as Snead, and WCZN, Flint WHBI, New York City. regular schedule." Terry Minnesota-KEEY and KNOW, St. "They should serve their purpose to KMLA, Ashdown, Ark. WXEN, Paul, and KCPI, Albert Lea get people to look before signing any­ "Very good." Paul Johnson, Mississippi- WROA, Gulfport, and thing." M. Conrath, KOHl, 29 Palms, Cleveland. music WDAL, Meridian Calif. "We are a 24-hour country Clark were Missouri-KOSN, St. Joseph, and station and the cuts by Roy Dover, KBUC, Springfield great." Don Dashiell, WDSD, Montana- KYSS, Missoula, and Del. Russell W. Fry, KURL, Billings "Very good." Nebrasks-KGOR, Omaha, and WWKI, Kokomo, Ind. Dorothy Morgan, KRNY, Kearney "Excellent spots." Nevada-KOLO, Reno, and KWNA, WHLN, Harlan, Ky . and Winnemucca "The spots are very informative Mel Gunter, New Hampshire- WLNH, Laconia, very good in quality." and WDCR, Hanover KMFE, Emmet, Idaho. produced." New Jersey- WFPG, Atlantic City, "Good selection, well Mo. and WJDM, Elizabeth Peter L. Fort, KOSN, St. Joseph, ALTA spots New Mexico- KICA, Clovis, and "We've used these will con­ KSIC, Silver City you've sent us in the past and New York-WHBI, New York City, tinue to do so." Dan Daniels, WXLM, and WDDS, WYRD, and WMHR, Savannah, Ga. message Syracuse "Well done in getting the WIHS, North Carolina- WLLE, Raleigh, across." James H. Pelley, and WSRC, Durham Engineer Norman Rowland adjusts the micro­ Middletown, Conn. North Dakota- K BON, Bismarck, phone as ALTA Executive Vice President Wil­ "Needed service-glad you're getting liam J. McAuliffe. Jr., prepares to record an information out." M. R. Broussard, and KMOT, Minot service radio announce­ Association public KROF, Abbeville, La. Ohio- WMHI, Columbus, and ment alerting consumers to closing cost dis­ A. Sturm, WXEN, Cleveland closure requirements of the Real Estate Set ­ "Very good content." Oklahoma- KKUL and KIOW, tlement Procedures Act of 1974 (RESPA). WONT, Huntington, W.Va. 0

TITLE NEWS 9 Part IV: ALTA Judiciary Committee Report

(Editor's note: Members of the ALTA U.S.A. v. Deya, 369 F. Supp. 1113 (Puerto one year, and the rate of interest by Judiciary Committee have submitted Rico 1974) written contract is not to exceed eight Under over 400 cases to Chairman John S . Puerto Rico law mortgages more dollars upon one-hundred dollars for than 20 years old are unenforceable. Deya's one year ...." Osborn, Jr., of the Louisville law firm mortgage to U.S.A. was cancelled by The Mini-Code provides in Section 2 that of Tarrant, Combs, & Bullitt, for con­ Registry by marginal inscription. U.S.A. the maximum finance charge is determined sideration in the preparation of the sought to void cancellation. by computing the allowed rate on the 1975 Committee report. Chairman Os­ Held: U.S.A., by entering the business of original principal for the full term without mortgage lending, was bound by local mort­ born reports that 93 cases have been regard to scheduled payments, resulting in gage laws and statutes of limitation con­ what is known in the finance industry as selected for publication an in this year's tained therein. "add-on" rate. Under the Mini-Code, there report. For previous installments, is no specific maximum rate of interest so please see the June, July, and August, State of Alabama, ex rei, William J. Baxley, long as the maximum finance charge (includ­ 1975, issues of Title News.) as Allorney General of Alabama, v. Leonard ing interest) does not exceed the eight per C. Johnson, as Superintendent of Banks, cent "add-on." The court held that closing * * * State Banking Department, State of costs which are incurred for services ren­ Alabama, (Ala. Sup. Court, 1974) dered by someone other than the creditor This case is an appeal from the circuit and for which the creditor does not receive Mortgages and Liens court, Montgomery, Alabama. payment are not includable in the finance (Continued) The complaint alleged that on loans to charge. individuals in amounts of between $2,000.00 The Supreme Court of Alabama was faced and $100,000.00, finance charges were being with deciding the issue of what is the maxi­ The Prudential Insurance Company of made which exceeded the amounts per­ mum interest on conventional mortgage America, a corporation, Appellee v. Gary missible under Title 9, Sections 60 and 61, loans to persons by banks, savings and loan Holiday et a/, Appellees, Impleaded with Code of Alabama 1940, recompiled 1958, associations, and mortgage bankers for any John Clayton Spencer et a/, Appellants, 214 but that the respondent, as Superintendent purpose of not less than $1 00,000.00? Is the N. W. 2d 273, 191 Neb. 144 (1974) of Banks, has failed to order lenders to maximum interest on such loans governed by In a mortgage foreclosure action, it was cease and desist from making such loans at the Mini-Code or by Title 9, Sections 60 and held that where a real estate mortgage is increased interest rates. 61 , Code of Alabama? acknowledged by some mortgagors, but not The respondent alleged, and the circuit The Supreme Court held that the legisla­ all, the mortgage is entitled to be recorded, court so held, that there is now in existence ture, in enacting the Mini-Code, never in­ and on recording is constructive notice of Act No. 2052, Acts of Alabama 1971, tended that institutions who make mortgage the interest of those persons who acknowl­ Volume IV, page 3290 (called the Alabama loans be allowed to charge an 8% add-on edged the instrument and the priorities that Mini-Code), and that conventional loans to finance charge under the Mini-Code. The are attendant therewith. A mortgage on real individuals for any purpose of between Court held that the Mini-Code did not estate, other than homestead, executed and $2,000.00 and $100,000.00 which were repeal Sections 60 and 61 of Title 9, neither delivered by the mortgagor, is valid between formerly subject to the maximum interest expressly nor by implication. It was the the parties, even though it was not lawfully rate stated in Title 9, Section opinion of the Supreme Court that conven­ acknowledged. 60, are now subject to the maximum finance charge as tional loans to individuals for any purpose A. W. Saum, d/b/a A. W. Saum & Sons, stated in Mini-Code, Section 2(b), and that of less than $100,000.00 are subject to the Appellee, v. L. R. Foy Construction Co. Title 9, Sections 60 and 61, which previously 8% maximum simple interest rate found in Inc., Cross-Appellant, Impleaded with established maximum interest charges on Sections 60 and 61 of Title 9. "Any other General Wholesale Co-operative Company, real estate loans were repealed where incon­ charges for the loan by whatever name it is Appellant, Cross-Appellee, 212 N. W. 2d sistent with the finance charge provisions of called which is paid by the borrowers is 648, 190 Neb. 783 ( 1973) the Mini-Code. illegal." In a suit for foreclosure of a mechanic's Title 9, Section 60, of the 1940 Code of Byler v. Sullies, 311 Atl.2d 872 (Del. Sup. lien, it was held that the fact that a sub­ Alabama, recompiled 1958, was in effect Court-1973) contractor was entitled to a mechanic's lien prior to the legislative approval of the Mini­ This is an Action by a contractor to fore­ by reason of a contractor's failure to make Code on October I, 1971 and provides: close a mechanic's lien against property for payment of the amount remaining due on a "The rate of interest upon the loan or labor and material performed and furnished contract between the parties was not a suf­ Forbearance of money, goods, or things in the construction of the house. The Su­ ficient basis for obtaining a personal judg­ in action, except in written contract, is preme Court affirmed the lower court's dis­ ment against the owner of the premises. six dollars upon one-hundred dollars for missal of the action based on its findings

10 SEPTEMBER 1975 the comm1ss1on ap­ that the contractor's return to the house, come of that property would have respected gross acre. Thereafter preliminary plan pro­ more than a month after he had substantially both the equitable interest of P in those rents proved Monumental's for 12 dwelling units per gross acre. completed his work thereon, for the per­ and the prescribed priority of claims in viding the Pennsylvania Munici­ formance of some unrequested labor for bankruptcy. To divert those rents to D's Held: Under Planning Code adopted by the which he billed the owners the sum of $8.37, operation was to deprive P of its lawful palities legislature, once the applica­ was not sufficient to interrupt the 120-day security without serving any public interest, Pennsylvania of a plan is filed no change statutory period for the filing of a me­ or for that matter any private interest to tion for approval the zoning ordinance shall affect the chanic's lien, which period had expired prior which P's security could equitably be sub­ of on the application adversely to the to the filing of the mechanic's lien. ordinated. The interest of the debtor's gen­ decision eral creditors in whatever benefit might applicant. The applicant is entitled to a In Re Pittsburgh-Duquesne Development accrue to them from successful operation of decision in accordance with the ordinance as Co., 482 F.2d 243 (1973) D did not justify depriving P of its security it stood when the application was filed . P held a mortgage on certain land im­ interest in Cricklewood rents. Town of Glocester v . Olivo's Mobile Home proved with an apartment building known as Court, Inc., 300 A.2d 465 (R.I. 1973) "Cricklewood." D, the owner of the Crickle­ Olivo's owned a 38-acre parcel of land, wood property, also owned other land im­ OIL AND GAS which was used for mobile homes. When the proved with the "Geyer Building." The town sought to enjoin the use thereof for v. Beerd, et a/, 201 S. E. 2d 298 mortgage on Crick!ewood provided that in Thaxton more than 30 homes (the limitation set by (West Va. 1973) the event of default all leases and rents the ordinance for any park), Olivo's chal­ Oil and gas right was sold separately from would stand assigned to P and that P would lenged the constitutionality of the ordinance. was forfeited to the State for have the right to take possession, collect the surface and Held: The ordinance is unconstitutional failure to enter it on the land books for rents, and apply them to the mortgage debt, since it did not relate limitation to any taxation. However, the gas and oil interest taxes, and operational expenses. While this particular acreage, and there was no showing was conveyed by a deed from a deputy com­ mortgage was in default, D in 1969 com­ of any threat to public health, safety, morals, missioner of forfeited and lands based on menced a proceeding for a real property ar­ and general welfare. rangement under Chapter XII of the Bank­ another and void assessment containing two Eastlake Community Council v. Roanoke ruptcy Act. The trustee appointed in this separate tracts of land owned by two differ­ Assoc. Inc. , 513 P.2d 36 (Wash. 1973) proceeding was expressly authorized "to col­ ent people, neither of whom owned the oil A building permit was issued and the lect and receive all rents" and "to pay .. . and gas interest under said land. Purchaser owner began construction. A second and all debts, obligations, charges, and taxes in­ leased for oil and gas and a producing well third renewal were granted, but prior to the curred in the operation of the said business was drilled without objection by the rightful granting of a third no environmental impact and the preservation and maintenance of owner of the oil and gas. statement was prepared or issued as then re­ the said property." The trustee failed to pay Held: There must be a valid assessment in quired to begin a project by the newly real estate taxes on the Cricklewood prop­ the first instance to support the deed from enacted State Environmental Policy Act. erty. Furthermore, without court approval the deputy commissioner of forfeited and Construction of a 128-unit, five-story con­ he diverted $83,000 of rental income from delinquent lands as a result of delinquent dominium was enjoined. Cricklewood to pay expenses incurred in land sale. Held: No rights to develop the property operating the Geyer Building. In 1971 the Where plaintiffs, who owned a one-eighth may vest where either the application sub­ reorganization court gave leave to P to fore­ interest in the oil and gas, but did not think mitted or the permit issued fail to conform to close its Cricklewood mortgage. At the fore­ they owned it, did not object when lessee, in the zoning or building regulations. An en­ closure sale, P bid the amount of the unpaid good faith, drilled a well on the tract after vironmental impact statement should have real estate taxes· which it had paid. P then such interest had been leased to him in good been filed prior to the granting of the third filed a petition in the reorganization court to faith by the purchaser of such interest at an renewal based on the fact that a renewal of a recover the rents diverted from Cricklewood. invalid tax sale, the owners did not have the building permit was a "major action" and Issue: Was the diversion of a part of the right after the well was drilled and producing the project had not reached a critical stage of Cricklewood rents proper? to recover a full lf8th of lf 8th royalty by the effective date of the Act, Held: It was not. interest, but rather had the option of recog­ completion even though construction had commenced. Opinion: P's duly granted lien upon nizing the lease and receiving proportional Cricklewood rents that issue after mortgage shares under the terms of the lease and County of Fayette v. Holman, 315 A.2d 335 default persisted in equity during the Chap­ unitization agreement or of receiving I /8th (Penn. 1973) ter XII reorganization, though at the outset of the cost of delivery and production. A county zoning ordinance permitted the the reorganization court could and did placement of mobile homes upon eighty per properly restrain it from enforcing that lien cent of the land area of the county; however, pending an effort to achieve an arrangement. PLANNING AND the appellees placed their trailer in an area (Bindse/1 v. Liberty Trust Co., 3rd Cir. 1917, where mobile homes were excluded and 248 F. 112; Mortgage Loan Co. v. Livings­ ZONING sought a permit for it. The lower court ton, 8th Cir. 1930, 45 F.2d 28 .) From a dif­ Monumental Properties, Inc. v. Board of ordered the issuance of a permit, ruling that ferent approach, taxes that accrue on prop­ Commissioners, 311 A. 2d 725 (Pa. 1973) the ordinance was unreasonable and erty while a trustee in bankruptcy or reor­ Monumental Properties, Inc. (Monumen­ discriminatory. ganization is utilizing that property in the tal) owned a 21-acre tract of land located in Held: A zoning ordinance may validly ex­ conduct of a business are an expense of an R-2 residential zoning district. Monu­ clude mobile homes from a residential administration and a first priority debt mental proposed to erect a multi-building neighborhood where they would have an under Section 64(a) of the Bankruptcy Act, apartment complex which was permitted in adverse aesthetic impact on the neighbor­ II U.S.C. par. 104(a). In this case the an R-2 zoning district. The township hood. The concept of the general welfare, judicial authorization to pay real property adopted a land development subdivision which includes considerations of aesthetic taxes as they became due during the period ordinance with which Monumental at­ and property values, provides a sufficient of the trustee's economic use of Cricklewood temped to comply. Monumental filed a basis for upholding the validity of a zoning comports with a statutory mandate to accord preliminary plan which provided for 12 ordinance. first priority to these obligations. ( Cf dwelling units per gross acre. Thereafter, Glaspey & Sons v. Conrad, 83 Wn. 2d 707, Northumberland County v. Philadelphia & after public advertisement, the township P.2d (1974) Reading C. & I. Co., 3d Cir. 1942, 131 F.2d commission adopted a zoning ordinance re­ A zoning ordinance was set aside because 562.) In these circumstances, payment of ducing the permitted number of dwelling the notice of public hearing stated that it current Cricklewood taxes out of rental in- units in the R-2 zone from 12 to 8 units per was "for the purpose of discussing the pros

TITLE NEWS II ~------

and cons of a proposed Zoning Ordinance as harm would result. A dissenting opm10n remedies at law and in equity, including en­ amended" when in fact the Board planned would have granted the injunction, stating forement through foreclosure proceedings. also to consider substantial amendments to that the Constitutional Provision was self­ A liquidated damage clause which pro­ the zoning ordinance. The court stated, "the executing and that the Commonwealth had vided that all prior payments under a land notice employed by the Board accorded furnished satisfactory proof of irreparable sale contract would be forfeited and retained plaintiff neither the fundamental fairness nor harm to the environment. A majority of the by the vendor as liquidated damages if the procedural due process envisioned by the court seemingly regarded natural, scenic, and default in payment of purchase price con­ zoning statutes." historic values as being within the domain of tinued for 30 days and under which vendees "public natural resources" so that the would have forfeited $21,000.00, consisting State ex rei Evelyn V. Coburn v. The Town sovereign as public trustee could enjoin of well over one-half of the original contract price of $36,000.00, plus possession, did not of Star City, 197 S. E. 2d 102 (W. Va. 1973) actions on private lands which caused suf­ An original proceeding in Mandamus ficiently serious harm to such resources. provide for a reasonable measure of damage but rather provided for an excessive brought by property owner to compel forfeiture. issuance of a house trailer permit. Held: Zoning ordinances establishing REAL ESTATE BROKERS Conclusion: The Indiana Supreme Court joins with other jurisdictions in refusing to residential districts from which commercial AND CONTRACTS enforce the explicitly worded forfeiture and business enterprises are excluded by comprehensive plan are valid as proper clause. Instead, it likened the contract of sale 4S2 Pa. 66, 30S A.2d 19 to an equitable mortgage and said the exercise of police power of the State. Yinger v. Springer, (1973) proper remedy was foreclosure through the A Plaintiff sued for specific performance courts. Since the right of redemption in Commonwealth v. National Gettysburg of a written sales agreement which described Indiana is six months from the date the Battlefield Tower, Inc., 4S4 Pa. 193, 311 the real estate as "the property known as complaint of foreclosure is filed, this deci­ A.2d S88 Jacob Springer's 80 acres, more or less, sion extends the time for the purchaser The Defendant sought to construct a 307- which would exclude 7 acres of the 87 acres, under the unrecorded land contract. foot high observation tower on private land more or less." The Defendant claimed the overlooking the Gettysburg Battlefield. The contract was unenforceable because the Commonwealth sought to enjoin the con­ description did not satisfy the statute of RESTRICTIONS struction of the tower, alleging that it was a frauds. "despoilation of the natural and historic Held: Although parol evidence is not Clancy v. Becker, 4SS Pa. 4S2, A.2d (1974) A corporation sought to construct a environment." The Commonwealth based its admissible to describe the land intended to mobile home park on a portion of a ISS­ right to sue on Article I, Section 27 of the be conveyed, it is admissible to apply a acre tract from which its predecessor in title Pennsylvania Constitution, which states in written description to land where it is clear had sold by separate conveyance eleven part: what land is intended to be conveyed. building lots, the deeds to which contained "The people have a right to ... the Land described as "my farm" was a suf­ preservation of the natural, scenic, ficient description in earlier cases and "my restnct1ve covenants stating that "No trailer . .. shall be used as a residence," and historic and esthetic values of the en­ farm minus X" was also sufficient where the that "not more than one dwelling house shall vironment. Pennsylvania's natural re­ "X" was capable of accurate description by be constructed on each lot as shown on the sources are the common property of all reference to a prior agreement of sale en­ plan." No plan was recorded. The lot own­ the people .... As trustee of these re­ tered into by the Defendant with a third sources, the Commonwealth shall con­ party. Parol evidence is admissible to show ers sought an injunction against the con­ serve and maintain them for the benefit that the description of the parcel to be ex­ struction, alleging and testifying that the restrictions were intended to apply to the of all the people." cepted out of the tract is sufficiently definite Held: Injunction was properly denied by under the Statute of Frauds. entire tract. The corporation introduced an the court below. Two justices were of the unrecorded plan of lots showing that only opinion that the Constitutional Provision 20 lots were laid out, of which only a few were within the proposed park location. was wholly ineffective in the absence of Skendze/ et a/ v. Marshal, et a/, 301 N. E. Held: Although there need not be an ex­ enabling legislation while a like number be­ 2d 641 (Indiana, 1973) press covenant in the deeds prohibiting lieved that a sovereign has always had the In this case the Court said that a con­ trailers on the ISS acres, there must be a inherent power to act in such a matter but ditional land sales contract is in the nature of manifest intent on the part of the grantor to that the Commonwealth had failed to estab­ a secured transaction, the provisions of have the restrictions apply to the entire tract. lish by clear and convincing proof that such which are subject to all proper and just However, in this case, since the deeds were ambiguous only insofar as they referred to a "plan," parol evidence was admissible to show to what plan reference was made, and FOR THE Tl TLE PROFESSIONJ ERRORS & the restrictions would apply only to the area I encompassed by that plan. Such a plan need I OMISSIONS INSURANCE not be recorded or, apparently, even reduced to written form to be effective, since the T Title Opinion Coverage reference in the deeds was constructive L notice to subsequent purchasers for value. E "A TITLE AGENT FOR TITLE PEOPLE" Avoid p NEXT: Financial A R.~ RESTRICTIONS Disaster . NTRELL (continued) c Box 516 (918) 456-8883 - GENCY, INC. Tahlequah, Okla. 74464

12 SEPTEMBER 197S Commonwealth Land Title Insurance Frank L. Hugus, Jr. to manager of the Company announces the promotion of Freehold, N.J., branch. Harry K. Millhoff to assistant vice pres­ Lawyers Title also announces the ident and manager of the Cleveland of­ opening of an office in Schaumburg, fice and Betram C. Miller to manager Ill., and the appointment of Sara A. of the Exton, Pa., branch. Vannucci as manager. * * * * * * Clarence L. Fuller has retired effec­ William M. Boyd has been elected tive July I after more than half a cen­ vice president of Boyd & Boyd, Fulton, tury of service with Title Guarantee Mo. He is a third generation title man Company of Rhode Island. He was with that concern. corporate secretary of Title Guarantee SCHMUECKER from 1945 until the company was ac­ * * * quired by Commonwealth Land Title Charles A. Meyer, title officer for Insurance Company in 1970. Mid-South Title Company, Memphis, has been named the Tennessee District * * * Exchangite of the Year ( 1975). Rick S. Griffin has been elected presi­ dent of Fort Worth Title Company by * * * USLIFE Title Insurance Company of Richard W. McCarthy has joined Dallas. the ALTA staff as director of research. He has completed work on a master's VANNUCCI * * * degree in economics at the University Lawyers Title Insurance Corporation of Maryland and is pursuing doctoral announces the following promotions: studies at American University in Richard H. Dilworth elected to the Washington, D.C. His background in­ Board of Directors: Wade F. Hill to cludes serving as a lecturer in econom­ manager of the Toms River, N.J., ics at Montgomery College, Takoma branch; Harold W. (Mike) Read, man­ Park, Md., and working as a third ager of the New London, Conn., party bodily injury claims adjuster for branch; John F. Schmuecker to manager Liberty Mutual Insurance Co. in New McCARTHY of the Waterbury, Conn., branch; and York City. MEYER

TITLE NEWS 13 Oregon Land Title Association Elects Leland K. Wimberly President

Outstanding presentations on the Another major convention feature Enterprise; and Glen Turnbull, Crater Real Estate Settlement Procedures Act was a report on activity of the Rating Title Company, Medford. of 1974 (RESPA); state legislation; es­ Bureau for Title Insurance Companies crow problems; loss prevention; and in Oregon, which was presented by Three persons were elected OLT A public opinion were among highlights Herbert Altstadt, recording secretary Honorary Members during the Con­ of the recent Oregon Land Title Asso­ for that organization. vention. They are Margaret Emerson, CiatiOn Convention in Deschutes Leland K. Wimberly, president of now retired from Title Insurance Com­ County, Ore., according to a report Commercial Title Co., Roseburg, was pany of Oregon after over 40 years of from Gerald B. Gray, OL TA executive elected OLT A president at the Conven­ service in the land title industry; Jo­ secretary. tion. Thomas G. Stapleton, Oregon seph Maher, former vice president and The Convention commentary on state counsel, Pioneer National Title manager of the Benton County branch RESPA was part of an address de­ Insurance Company, Portland, was of Pioneer National Title and currently livered by C. J. McConville, chairman elected vice president. Executive com­ retired after more than 30 years in the of the ALTA Title Insurance and Un­ mittee members at large elected during industry; and Wesley Stewart, OLT A derwriters Section and president of the Convention are Robert Beardsley, past president and former Benton Title Insurance Company of Min­ Douglas County Title Company, Rose­ County branch manager for Pioneer, nesota. burg; Lorin Ricker, Wallowa Title Co., retired after long service in the industry.

Photographs from the recent Oregon Land Title Association Convention mittee member. Lorin Ricker. was not present when this photograph was include. at left. Herbert Altstadt (left) inducting the newly-e lected offi­ taken. In the other picture, ALTA Title Insurance and Underwriters Sec­ cers. who are , from left. Leland K. Wimberly. president: Thomas G. tion Chairman C. J . McConville and wife Gloria are shown at the Con­ Stapleton, vice president: and Robert Beardsley and Glen Turnbull, execu­ vention banquet. tive committee members at large. Another newly-elected executive com-

14 SEPTEMBER 1975 Code Convention was a statement urging Title Co., Jermoe, who was re-elected RESPA, State ML T A members to comply with the secretary-treasurer. Topics for MLTA provisions of RESPA. Other officers named at the meeting Following a report on ALTA activity Members of the ML T A board of di­ are Florence I. Rossow, Gem County by Association President Robert J. Jay, rectors agreed to poll the membership Title Company, Emmett, vice president a comprehensive presentation on the of that association by mail to determine - southwest district; 0. K. Jones, Real Estate Settlement Procedures Act their opinion on whether a current 10- Rigby Title & Development Company, of 1974 (RESPA) was another highlight year plant requirement for ML TA as­ Rigby, vice president-southeast dis­ of the Michigan Land Title Association sociate membership should be relaxed. trict; James Joseph, North Idaho Title Convention held in Bellaire, Mich. Co., Lewiston, vice president-pan­ William M. Quinn was re-elected handle district; and La Vaun Merrill, ALTA Executive Vice President Wil­ MLTA president at the Convention. Land Title Co., Inc., Idaho Falls, im­ liam J. McAuliffe, Jr., commented on Other officers named at the meeting are mediate past president. the history of RESPA and summarized Robert J. Wilson, Jr., vice president; C. J. McConville, chairman of the its provisions. This was followed by a Blaty, secretary; Eugene Grocholski, ALTA Title Insurance and Underwrit- panel discu ssion on the Act, with Jerry treasurer; and Carl Babcock, Mary Continued on page 16 McCarthy and Don Marr serving as Feindt, and Joseph Burke, directors. moderators and Ray Potter, Ed Blaty, With the exception of Babcock, the Lee Wittmer, Jordan Smith and An­ entire slate is composed of re-elections. NYS L T AElects thony Zombolas appearing as panelists. Blaty also reported on work by the New ML TA legislative committee in the Gary Brown drafting of a title insurance code for Idaho President presentation to the state legislature. He Gary Brown, American Land Title said the proposed code would be re­ Company, Inc., Pocatello, was elected viewed to determine whether any Idaho Land Title As­ changes have been made necessary by president of the sociation at its recent convention in RESPA. Coeur d'Alene, according to a report Among resolutions adopted at the from Lois Jepson, Jerome Abstract &

Donald Holden Elected NELTA President

Richard A. Cecchettini. president. The Title Guarantee Company. New York City. was elected president of the New York State Land Title Association at its Convention in Bolton Landing. N.Y. Other newly-elected officers in­ clude Patrick L. Fucillo. regional vice presi­ dent. Security Title and Guaranty Company. New York City. vice president - southern sec­ tion; Clifford W. Wells. vice president. Mid­ State Abstract Corporation. Utica. vice presi­ dent - central section : Joseph M. Overfield. executive vice president. Monroe Abstract & Title Corporation. Rochester. vice president­ western section; Alvah Rogers. Jr .. vice presi­ dent. Chicago Title Insurance Company. New York City. treasurer: Albert R. Riggs. vice president. American Title Insurance Company. Donald C. Holden. left. Pioneer National Title Insurance Company. Stamford. Conn .. is congratu­ New Yorkcity. chairman-Title Insurance lated by ALTA President Robert J. Jay. Land Title Abstract Company. Detroit. upon his election Section: and Vincent P. Sarro. II. vice presi­ as president of the New England Land Title Association during the recent NELTA Convention at dent. Hudson Valley Abstract Company. New North Falmouh. Mass. NELTA Immediate Past President Burton A. Steen. Chicago Title Insurance City. chairman - Abstracters and Title Insur­ Company. Boston. is at right. ance Agents Section.

TITLE NEWS 15 IDAHO - continued from page 15 meet1ng t.... metable ers Section and president, Title Insur­ ance Company of Minnesota, presented a report on national developments of interest to the land title industry.

Other featured speakers include Hal Mayes, regional counsel, Lawyers Title Insurance Corporation, Denver, "In­ terval Ownership"; Marjorie W. Rum­ ley, associate division counsel, Pioneer September 5, 1975 National Title Insurance Company, October 20-27. 1975 Nevada Land Title Association Mortgage Bankers Association of America Seattle, "Perils and Pitfalls in Es­ Howard Johnson Hotel Conrad Hilton Hotel crows"; Robert L. Stratton, director of Reno. Nevada Chicago. Illinois escrow operations, SAFECO Title In­ surance Company, Panorama City, Calif., "Quality Control and Claims" ; and Donald P. Kennedy, president, First American Title Insurance Com­ September 5-7, 1975 October 26-28, 1975 pany, Santa Ana, Calif., "Regulation ­ Missouri Land Title Association Indiana Land Title Association Is It Too Late?". Crown Center Hotel Rodeway Inn Kansas City, Missouri Indianapolis, Indiana

New Owner's Policy September 9-10. 1975 November 6-7, 1975 Wisconsin Land Title Association Dixie Land Title Association For Minnesota Title Midway Motor Lodge Holiday Inn LaCrosse. Wisconsin Callaway Gardens. Georgia The Title Insurance Company of Minnesota has recently initiated a new owners title in surance policy called "Title Guard." Use of this policy began in Minnesota,' with introduction into September 11-13, 1975 November 7-13, 1975 other states scheduled to foll ow. North Dakota Land Title Association National Association of Realtors Minot. North Dakota San Francisco Hilton San Francisco. California In describing the new coverage, Min­ nesota Title President C. J. McConville noted that "Title Guard" protects the home owner from the forced removal of his main dwelling should it encroach on September 14-16, 1975 a neighbor's property or violate zoning Ohio Land Title Association November 9-13, 1975 Hollenden House or building restrictions. United States league of Savings Associations Cleveland, Ohio Convention Center Miami, Florida "Additionally, the home owner is protected against loss if the bills for the construction or improvement of the owner's home have not been paid by the October 1-4, 1975 former owner and against financial loss ALTA Annual Convention November 13-15, 1975 due to unknown leases or contracts Palmer House Florida Land Title Association giving someone else the right to occupy Chicago. Illinois Fort lauderdale, Florida the main dwelling," McConville said.

"Title Guard" contains easy-to-read language to assist the homeowner in understanding his coverage, it is re­ October 12-13, 1975 December 3, 1975 Louisiana Land Title Association ported, and will not require an increase Carolinas Land Title Association Foxfire Golf and Country Club Royal Orleans in the company's regular premium. Pinehurst. North Carolina New Orleans. Louisiana

16 SEPTEMBER 1975 Tell Your Story More Effectively . with these ALTA Educational Aids (All orders plus postage; write Business Manager, ALTA, 1828 L Street, N.W., Washington, D.C. 20036)

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{RIGHT) BLUEPRINT FOR HOME BUYING. Illustrated booklet contains consumer guidelines on important aspects of blueprint home buying. Explains roles of vari­ for ous professionals including broker, attorney and titleman. $24.00 per home hundred copies. (RIGHT) ALTA FULL-LENGTH FILMS: " BLUE­ buying PAINT FOR HOME BUYING." Col ­ orful animated 16 mm. sound film. 14 minutes long. with guidance on home selection. financing. settle­ ment. Basis for popular booklet mentioned above. $95 per print. " A PLACE UNDER THE SUN." Award winning 21 minute animated 16 mm. color sound film tells the story of the land title industry and its services. $135 per print. American Land Title Association