CLTA eNews - March 2015 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Simplifile Garrett & Tully, A Professional Corporation
CLTA NEWS
Monterey Plaza Hotel & Spa, Monterey, CA – April 19-21, 2015.Early-Bird Deadline is March 25, 2015.  Register Now – Space Limited!  The California Land Title Association’s 108th Annual Convention is just around the corner and registration materials are being mailed to all members. Don’t delay in registering, as space is limited...
 
As the upcoming CLTA Annual Convention in Monterey draws near, CLTA and President Dante Sergent are excited to not only promote the value-added benefits of title insurance, but also foster the development of young title professionals within the title industry.  ...
 
CLTA, together with CMBA, is pleased to offer: Key Problem Areas in the New TILA/RESPA Integrated Disclosures, a 1.5-hour recorded webinar, delivered to your desktop at your convenience. Participants requesting MCLE or PD will receive 1.5 CE credit for listening to the webinar recording. ...
 
SACRAMENTO REPORT
Assembly Speaker Toni Atkins, D-San Diego, introduced AB 1335 to increase funding for affordable housing by adding a $75 fee to recorded documents, including property refinancing, notices of default, and notices of a trustee sale. Home sales would be exempt under the plan. In her announcement ...
 
Legislation to create the revocable transfer on death deed (revocable TOD deed), Assembly Bill 139 (Gatto), is scheduled to be heard in the Assembly Judiciary Committee today. The TOD deed would transfer real property ...
 
On Monday, February 23rd, just four days before the February 27th bill introduction deadline, 800 bills had been introduced into the California legislature’s 2015 session. ...
 
State Controller Betty T. Yee reported that February receipts totaled $6.6 billion, beating estimates in the Governor’s proposed 2015-16 budget by $1 billion, and reflecting an overall strengthening of the economy. The surge was driven by ...
 
Data Trace Union Bank
INDUSTRY NEWS
The California Energy Commission proposes to change the mandatory date for energy use disclosure for nonresidential buildings with total gross square foot measuring 5,000 square feet up to 10,000 square feet from ...
 
Last month the United States Senate Finance Committee approved legislation to amend the Foreign Investment Real Property Tax Act (FIRPTA), including increasing FIRPTA withholding from 10% to 15%. This higher rate does not ...
 
COURT CASES
The CLTA recently asked the California Supreme Court to review and depublish a decision issued by the California Court of Appeal in December 2014: Marina Pacifica Homeowners Assn. v. Southern California Financial Corp., 232 Cal. App. 4th 494. However, on March 11, 2015, the California Supreme Court denied review and declined to depublish, leaving the decision in Marina Pacifica intact.  ...
 
Linda Vista Village San Diego Homeowners Association v. Tecolote Investors (D064741)
Plaintiff sought to invalidate a master lease and its subleases that the City and Landlord Defendants entered into, alleging that the park site was "Pueblo Lands" within the meaning of San Diego City Charter section 219. The court ...
 
Pulido v. Pereira (C072284) 
In the published portion of the opinion, the court held that Civil Code Section 1009, which prevents the use of private property for recreational purposes by members of the public from ripening into a permanent right, is inapplicable to ...
 
Alborzian v. JPMorgan Chase Bank (B251625)
The parties did not dispute that under C.C.P. Section 580b, an institutional lender, whose loan is secured by the borrower's residence, cannot obtain a deficiency judgment. ...
 
Dyanlyn Two v. County of Orange (G049269)
The court held that there was no change of ownership of a shopping center, so the property was not subject to reassessment for property tax purposes, when it was purchased by the long-term lessee and a third party investor where...
 
 

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