Mary & Elizabeth Blosser: Don't Get Caught in NTRAPS!

In this episode of Commitment Matters, Mary speaks with Elizabeth Blosser, Vice President of Government Affairs for ALTA. You can contact Elizabeth via email.

During their conversation, Elizabeth or Mary mentioned:

Read up on NTRAPS, or Non-title Recorded Agreements for Personal Services and how they differ from listing agreements.Utah passed the first bill that protects consumers from NTRAPS.Here are some examples of how NTRAPS are impacting individuals.Elizabeth highlights ALTA’s commercial network, an annual meeting designed specifically for the commercial title space.This article breaks down Good Funds Laws.Listen to part one and part two of Mary’s interview with Steve Gottheim, General Counsel for ALTA. They discuss legislation at the nation’s capital and the impacts on the title and settlement industry.Elizabeth points out that the number of bills that propose restrictions on foreign entity real estate transactions is consistently rising. Here’s one example from Illinois.A poll by Pew Research shows 80% of Americans are concerned about not having control over their data. Read more about data privacy laws such as the Gramm-Leach Bliley Act. Plus, listen to our previous podcast episode about protecting your information.Check out ALTA’s resource page for Information Shielding Laws. And, here’s a Best Practices guide.Learn more about PRIA, or the Property Records Industry Association, where Elizabeth sits on the Board of Directors. Take a look at the research behind the Mapping Prejudice Project from the University of Minnesota.

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