EIC Press Releases

October 13, 2009 "Buyer's Choice Act" (AB 957/Galgiani) Signed into Law The Escrow Institute of California announced today that Governor Schwarzenegger signed Assembly Bill 957 into law. This bill protects consumers by ensuring that they have the right to choose their own real estate service providers when purchasing foreclosed properties. READ THE ENTIRE PRESS RELEASE EIC writes a letter to the Governor: Dear Governor Schwarzenegger ... Read the ASSEMBLY BILL No. 957 “Banks Benefit From Foreclosure Opportunity; Buyers Required To Pay Unnecessary Fees” (KCRA.com, March 11, 2009) Stockton Record, July 31, 2009: “City ranks 5th in foreclosures; Stockton ranked No. 1 from July 2007 to July 2008” Merced Sun-Star, June 10, 2009: “Galgiani's title bill on its way to state Senate” NPR’s Map of foreclosure rates, by county and across the nation July 17, 2007 Escrow Institute of California Publishes “How to Avoid Property Fraud” Flyer (Sacramento, CA) – The Escrow Institute of California (EIC) today published a flyer designed to help consumers avoid property fraud. Read More... May 11, 2007 Escrow Institute of California Applauds CA Department of Corporations. State Regulator Continues to Crack Down on Unlicensed Escrow Operators (Sacramento, CA) – The Escrow Institute of California (EIC) today applauded the ongoing effort by the California Department of Corporations to protect consumers against unlicensed, online escrow companies operating in apparent violation of state law. Read More... December 12, 2006 Town & Country Escrow celebrated its 30th year in business in Corona last month by donating 30 holiday turkeys to Settlement House, a non profit in Corona that helps low-income families in the area. Read More... October 20, 2006 Escrow Institute of California Protests Commissioner Garamendi Regulations Sacramento, CA – The Escrow Institute of California (EIC) today joined hundreds of escrow professionals from around the state to protest Department of Insurance Commissioner John Garamendi’s proposed government regulations. These regulations, announced by Commissioner Garamendi in July, could force hundreds of small, local businesses to close their doors and destroy thousands of local jobs by forcing them to arbitrarily reduce their rates by 27 percent. To view the complete pdf article, click HERE September 1, 2006 Escrow Agents Rally in S.F. to Oppose Plan to Slash Fees Department of Insurance Commissioner John Garamendi called a public hearing at his office in San Francisco on August 30th but failed to show up in person.  Here is what he missed... August 30, 2006 Department of Insurance meeting on Title and Escrow rate change 08/30/2006 at DOI offices in San Francisco - Read the Transcript EIC sent a letter to Commissioner Garamendi requesting that he postpone this August 30th hearing on the proposed title and escrow regulations in order to consider the severe and devastating economic impact his regulations would have on... Read More... Self-employed Business Owners Blast Insurance Commissioner John Garamendi: Job-killer regulations just more election-year politics... Read More... August 8, 2006 Escrow Institute of California Asks Insurance Commissioner to Delay Hearing New Regulations That Threaten Woman-owned Small Businesses. Read More... July 20, 2006 Escrow Institute of California Rejects Garamendi Regulations PJ Garcia, Chairwoman of the Escrow Institute of California, issued the following statement in response to regulations announced today by Insurance Commissioner John Garamendi: Read More... June 28, 2006 Escrow Institute of California Announces New Website with Tips for AVOIDING INTERNET FRAUD! June 2, 2006 Governor Schwarzenegger Appoints Preston DuFauchard Commissioner of the Department of Corporations   If you are not a member of the media but would like to contact EIC, please see Contact Us page for more information.