February 2016 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Simplifile Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
We are excited to welcome you to CLTA's new event registration and future member website. Please note that this is a work in progress and the first feature we are rolling out is event registration, just in time to register for the upcoming CLTA Annual Convention! ...
 
Balbao Bay Resort, Newport Beach, CA - April 24-26, 2016
The California Land Title Association’s 109th 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 at the beautiful Balboa Bay Resort, located on the waterfront in Newport Beach, California. 
 
On December 28, 2015, the CLTA filed form with the California Department of Insurance.  The forms filed were one new endorsement, six amended endorsements, and updated a commitment.  ...
 
SACRAMENTO REPORT
As reported by CLTA last year, the revocable transfer upon death deed (RTDD), a non-probate method for conveying interest in real property upon death, became valid on January 1st, 2016. The law ...
 
The Board of Equalization has notified assessors that the execution and recordation of, or revocation of, a revocable TOD deed of real property is not a change in ownership.  Therefore ...
 
Starting this year, taxpayers get four years of retroactive relief for late-filed claims for a transfer of a base year value where the taxpayer was displaced due to eminent domain proceedings or ...
 
A coalition of members from the California State Senate announced the "No Place Like Home" initiative to assist local communities in preventing and addressing homelessness. This program’s ...
 
Data Trace Union Bank
INDUSTRY NEWS
Tax withholding rates for foreign homebuyers will be rising to 15 percent from 10 percent due to changes in the recently-enacted Protecting American Taxpayers from Tax Hikes  ... 
 
A coalition of insurance trade associations reviewed and provided comments on a draft of the National Association of Insurance Commissioners’ (NAIC) proposed State Data Security Law ...
 
The House unanimously approved FHA revamp legislation regarding its condominium loan program. The legislation also expedites ...
 
California Insurance Commissioner Dave Jones asked all insurance companies doing business in California to voluntarily divest from their investments in thermal coal. Complying with this ...
 
Wendel, Rosen, Black & Dean LLP
COURT CASES
Coker v. JPMorgan Chase Bank (S213137)
A lender under a purchase money loan on a residence sought to recover the balance due on the loan after the lender and borrower agreed to a short sale, with the borrower agreeing to be ...
 
Rey Sanchez Investments v. Superior Court (E063757)
The court held that the lis pendens recorded by real party in interest was "void and invalid" as to petitioner, who had intervened in the action. First, no proof of service was recorded with the lis pendens. ...
 
HUB Construction Services v. Esperanza Charities (B263398)
The court held that while strict compliance with the preliminary notice provisions of the mechanics lien law is required, the applicable precedents do not require or justify applying that rule to ...
 
 

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