The Idaho Department of Insurance issued a cease and desist order for The Closing Source, LLC in Meridian.

The order stems from a complaint the department received that The Closing Source was doing business as a title and escrow agent involved in the sale of an out-of-country time-share property. An investigation by the Department of Insurance found the business is not licensed to sell title insurance in Idaho, and The Closing Source was ordered to stop operating or functioning in any way as a title insurance agent, firm or entity until it becomes licensed, according to the Department of Insurance.

“We have a responsibility to protect Idaho consumers by making sure the insurance producers they do business with are properly licensed under the Idaho Insurance Code,” Insurance Department director Dean Cameron said in a statement.


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