Comment by cmiles74
1 day ago
The federal government never enumerated the power to manage a national credit agency and yet we have several.
1 day ago
The federal government never enumerated the power to manage a national credit agency and yet we have several.
The federal government doesn't manage any national credit agencies.
I don't see how that matters, the point is that we don't need the federal government's mandate in order to have a national clearinghouse of title data.
That’s not what’s being discussed. In other countries that operate under what’s called the Torrens title system, the government maintains an authoritative central land registry. If you wind up in a legal dispute about ownership of a piece of land, the judge looks at the government books and is bound by what they say (with minimal exceptions).
We cannot have such a national registry in the United States. We could have 50 independent ones, but the few states that tried it have given up and reverted.
Since title events, like marriages, can happen outside the US, that only helps a little.