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DocX Settles with Delaware AG Over Document Execution Practices

""Lender Processing Services'"":http://www.lpsvcs.com/Pages/default.aspx (LPS) subsidiary, DocX, reached a settlement with ""Delaware Attorney General Beau Biden"":http://attorneygeneral.delaware.gov/, leading to the end of an investigation concerning DocX's document execution practices, LPS announced in a statement Tuesday.

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LPS stated the settlement terms require the company to pay $150,000 to the state of Delaware and to reimburse $100,000 to the Delaware Attorney General's Office for investigation fees and costs. The settlement also releases potential liability of LPS and DocX related to document execution practices in Delaware.

""This settlement is another important step in our continuing efforts to resolve legal and regulatory issues related to the operations of DocX, which we closed in 2010,"" said Hugh Harris, president and CEO of LPS, in a statement. ""LPS remains focused on resolving all remaining legal and regulatory challenges as expeditiously as possible, and is committed to ensuring that we continue to operate with integrity and compliance in everything we do.""

In August, ""LPS announced DocX"":http://dsnews.comarticles/lps-settles-criminal-charges-in-missouri-2012-08-03 settled criminal charges with Missouri Attorney General Chris Koster.

LPS provides technology solutions and services, as well as data and analytics, to the nation's top mortgage lenders, servicers, and investors.

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