CLTA eNews - September 2015 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Simplifile
CLTA NEWS
The CLTA is pleased to welcome a new title company as Regular member of the association, as approved by the CLTA Executive Committee on August 21, 2015. California Members Title Insurance Company is licensed to operate in all 58 counties and is headquartered in Glendale, CA.
 
CLTA, together with CMBA, is pleased to offer: TILA/RESPA Integrated Disclosures, Part 2: Implementation, a 1.5-hour live webinar delivered to your desktop on Wednesday, September 2, 2015 from 1:30pm - 3:00pm. Participants requesting MCLE or PD will receive 1.5 CE credit for participating in the webinar. ...
 
SACRAMENTO REPORT
News Express:  Bulletin 15/16-23 – September 3, 2015
CLTA-sponsored legislation that changes the financial requirements for underwritten title companies conducting escrows, AB 704 (Cooley), passed unanimously out of the State Legislature today on a vote of 74-0 by the State Assembly. The bill ...
 
Assemblyman Chad Mayes, from Yucca Valley, will take over as the Assembly Republican leader next January after Assembly member Kristin Olsen leaves the post due to term limits. Olsen assumed the leadership post after the last election when Democrats lost their supermajority. Olsen continues to lead the Republicans as the legislative session winds down.
 
Data Trace Union Bank
INDUSTRY NEWS
The CFPB has launched a suite of web-based materials to help better understand the Know Before You Owe mortgage disclosure rule.  The materials provide a guide for real estate professionals ...
 
The Consumer Financial Protection Bureau (CFPB) recently released its "Your Home Loan Toolkit" to guide consumers through the process of shopping for a mortgage and buying a house. The Toolkit replaces ...
 
On August 24, 2015, the Federal Housing Administration (FHA) issued anticipated guidelines that will require Property Assessed Clean Energy (PACE) liens to be subordinate to FHA single-family first-mortgage financing.  PACE loans allow homeowners to ...
 
The staff of the California State Lands Commission (Commission) is proposing changes to draft regulations that were the subject of a public hearing on June 8, 2015. The proposed regulations outline the procedures for administrative hearings that are authorized under existing law ...
 
COURT CASES
Tribeca Companies v. First American Title Insurance Company (A142430).
The court held that an escrow holder is not liable to a party to an escrow where the escrow holder returned funds to a 3rd party who deposited the funds into ...
 
 

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