The business of title insurance is regulated at the State level, notwithstanding federal legislation which impacts most real estate transactions, including RESPA [Real Estate Settlement Procedures Act] and Truth-In-Lending.

Approximately 40 of 50 States have enacted laws which regulate the business of title insurance. The extent of State regulation ranges from States which set or promulgate rates [Texas, Florida and New Mexico] to States which require only that title insurance companies file the forms and rates which they intend on using in the marketplace.

Pennsylvania is not alone in having a title insurance rating bureau. There are title insurance rating bureaus in 6 other States as follows: Delaware, Louisiana, New Jersey, New York, North Carolina and Ohio.