The title insurance unit of Fidelity National Financial Inc. was suspended in California, though the situation has just been rectified.
An alert Thursday from FundingShield LLC indicated that
Fidelity National Title Co. has been suspended by the state of California.
The suspension, which was reportedly in place as of Jan. 3, technically meant that the title insurer couldn’t conduct business in the Golden State.
But Fidelity National has reportedly taken steps to cure the suspension.
“There were some clerical mix-ups and misunderstandings that have all been cleared up and we are waiting on a certificate of reinstatement from the Franchise Tax Board as we speak,” a spokesman for Fidelity National Financial said in a written statement.
A copy of a notice of restoration from the California Franchise Tax Board was provided by Fidelity late today.
“This corporation was suspended or forfeited in error,” the notice stated.
“The suspension of forfeiture has been nullified, and the corporation restored to good standing.”
FNF is also the parent of Black Knight Financial Services.
