December 2015 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Simplifile
CLTA NEWS
CLTA is pleased to offer:  New Laws/New Cases 2015, a 1.5-hour live webinar delivered to your desktop on Wednesday, January 13, 2016 from 10:00am - 11:30am. Participants requesting MCLE or PD will receive 1.50 CE credit for participating in the webinar.  ...
 
The California Land Title Association is releasing its annual Summary of Legislation in a high-resolution electronic format, complete with live hyperlinks to chaptered bill text and exclusive web content. Members who prefer ...
 
SACRAMENTO REPORT
A panel of representatives from the title insurance industry spoke on Dec. 9th at the County Recorders’ Association of California (CRAC) New Laws Workshop and Seminar. The panel ...
 
The Board of Equalization posted summaries of new property tax legislation on its website.  The legislation includes ...
 
Data Trace Union Bank
INDUSTRY NEWS
The ALTA notified the CFPB by letter that confusion with the regulation’s liability provision has spurred some lenders to modify their closing instructions in an attempt to shift liability to settlement agents for all compliance issues, including ...
 
Property taxes are based on base year values that are compounded annually by an inflation factor not to exceed 2 percent. The Board of Equalization has notified assessors that the inflation factor  for the 2016 property tax roll ...
 
The ALTA has decided to revise the ALTA Closing Protection Letter because of the implementation of the new Closing Disclosure under the TILA-RESPA Integrated Disclosure Rule. The comment period ...
 
Effective December 1, 2015, most official bankruptcy forms will be replaced with substantially revised, reformatted and renumbered versions.  For more information ...
 
CFPB’s eRegulations web tool is a platform that makes regulations easier to find, read and understand. The tool now includes six additional CFPB regulations. ...
 
The FHA reported that its reserve fund hit its legally required minimum at the end of September, rising from $4.8 billion a year ago to $23.8 billion. FHA is required by law to maintain a capital reserve ratio of at least 2%.  That level is now ...
 
The Federal Housing Administration (FHA) announced its 2016 loan limits, which increased in some areas of California. No California county suffered a decrease. The limits for high cost housing areas remain at the national ceiling ...
 
COURT CASES
In re Marriage of Bonvino (B258376)
In the published portion of the opinion, the court held that if property is acquired during marriage with both separate and community funds, the transmutation requirements of section 852 must be ...
 
Guess v. Bernhardson 
The court held that under C.C.P. Section 697.390, the amount of a support judgment lien is fixed at the amount of unpaid support installments due at the time a deed of trust records. In this case ...
 
County of San Bernardino v. Coken (C074413)
When the Legislature dissolved redevelopment agencies, it provided that any agreement between the redevelopment agency and the municipal government that created the redevelopment agency ...
 
Carloss v. County of Alameda (A143531)
The trial court held that there is no right to excess proceeds from a tax-default sale in the absence of a recorded grant deed. The appellate court reversed, holding that  ...
 
 

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