January 2013 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Simplifile Garrett & Tully, A Professional Corporation
CLTA NEWS
Bulletin 12/13-55 – December 7, 2012
The CLTA will host its 106th Annual Convention at the Ritz Carlton Half Moon Bay in Half Moon Bay, California (April 28-30, 2013).  We are excited to invite your company ...
 
This year’s CLTA-PAC Golf Tournament, in conjunction with CLTA's 106th Annual Convention, is slated to be held at the stunning Ocean Course at Half Moon Bay Golf Links, ranked by Golf Digest ...
 
The 2013 CLTA Annual Directory will be in the hands of our members soon! This important industry publication reaches all regular title company members and Affiliate members including attorneys, lenders, builders, surveyors, trustees, escrow agents, consultants, data firms and more!
 
The CLTA-PAC continued to emphasize its Political Action Committee in 2012 under Chair Bill Burding, with both company contributions and individual employee and affiliate members PAC contributions. The CLTA-PAC made over...
 

 

 
SACRAMENTO REPORT
Two bills to extend the recently expired mortgage debt forgiveness program, aimed at providing relief for foreclosed-on homeowners, have been introduced in the new legislative session. The state exclusion expired on January 1, 2013....
 
Governor  Brown’s issued his budget proposal calling for eliminating the state deficit and increasing spending by $6.3 billion over the prior fiscal year.  The state budget deficit was $25 billion when Brown took office.  Brown is proposing ...
 
Data Trace Union Bank
INDUSTRY NEWS
ALTA has released its complete "Title Insurance and Settlement Company Best Practices." ALTA states that the Best Practices are a benchmark for the mortgage lending and real estate settlement industry to protect consumers, to promote quality service, to provide for ongoing employee training, and to ...
 
The Department of Interior has finalized plans for solar energy zones on public lands, including California. The plan creates 17 Solar Energy Zones on public land for large scale solar development. Riverside County has more than ...
 
Beginning in 2013, the Affordable Car Act imposes a 3.8% tax on "Net Investment Income". The IRS recently issued proposed regulations to implement the new tax although the regulations are effective January 1, 2014. However ...  
 
COURT CASES
Pfeifer v. Countrywide Home Loans (A133071)
1. A trustee is not subject to, and does not have to comply with the requirements of, the Fair Debt Collection Practices Act because processing a non-judicial foreclosure is not a debt collection activity under the Act. ...
 
Wooster v. Dept. of Fish and Game (C068816)
1. The Department of Fish and Game’s failure to comply with its obligation to post signs on the subject property did not extinguish a conservation easement or give the plaintiff a basis for rescinding the easement. ...
 
 

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