CLTA eNews - April 2016 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Simplifile Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
With the July 1, 2016 effective date for AB 704 quickly approaching, CLTA has prepared a Fact Sheet to answer some of the questions underwritten title companies may have regarding the changeover from existing Certificates of Deposit to a surety bond.  ...
 
Please join us April 24-26, 2016 for CLTA's 109th Annual Convention at the beautiful Balboa Bay Resort. Register Now!
 
CLTA is pleased to offer: Bankruptcy Basics, a 1.5-hour live webinar delivered to your desktop on Wednesday, May 11, 2015 from 10:00am - 11:30am. ...
 
The CLTA has withdrawn two endorsements forms. First, current CLTA/ALTA policy forms and endorsements renders the CLTA 119.1 endorsement form, dealing with exceptions to the Leasehold Policy, obsolete so it was withdrawn. Second ...
 
SACRAMENTO REPORT
Senate Bill 983 (Morell) has been amended to make several changes to the law governing trustees conducting foreclosures. Senate Bill 983 requires trustees to provide copies of the documents with the recording date indicated rather than ...
 
The California Land Title Association is opposed to SB 1233 (McGuire) that authorizes water efficiency financing through "efficiency charges" on the customer’s water bill that "run with the title." Newspapers have reported  ...
 
Assembly Bill 2828 (Chau) would require a person or business conducting business in California to disclose a security breach involving personal information, encryption key or security credentials. The bill includes ...
 
Senator Bob Hertzberg has reintroduced a proposal that would impose a new sales tax on professional business services. Corporate and personal income taxes would be reduced to offset ...
 
Assemblymember Anthony Rendon (D-Lakewood) was installed as Assembly Speaker on March 7, 2016. As the first Speaker elected under the new 12-year term limits, Rendon could remain Speaker through 2024. Speaker Rendon said ...
 
Data Trace Union Bank
INDUSTRY NEWS
According the ALTA, during a webinar on April 12, the Consumer Financial Protection Bureau addressed several questions regarding the TILA-RESPA Integrated Disclosures (TRID) rule. One question submitted by ALTA surrounded the disclosure of fees for owner’s title insurance and whether ...
 
ALTA submitted a letter to the National Association of Insurance Commissioners' Cybersecurity Task Force outlining the industry's concerns with the group's draft Insurance Data Security Model Law. ...
 
New Minimum Standard Details Requirements for ALTA/NSPS Land Title Surveys are now effective. The changes are designed to create a more easily understood survey plat and clarify the surveyor’s responsibility. The new standards provide ...
 
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for March 2016 shows mortgage applications for new home purchases increased by 17 percent relative to the previous month. This change does not include ...
 
Wendel, Rosen, Black & Dean LLP Hershorin & Henry LLP Adeptive Software
COURT CASES
Diocese of San Joaquin v. Gunner (F070264)
The court held that the bishop of an Episcopalian Diocese, who held title as a Corporation Sole, in trust for the diocese, did not have the authority to execute deeds to the diocese's real property to ...
 
Hawkins v. SunTrust Bank (B264541)
The court held that the trial court properly granted a judgment on the pleadings against plaintiff in this wrongful foreclosure action involving property in ...
 
Saterbak v. JPMorgan Chase Bank (D066636)
In this pre-foreclosure action challenging the validity of a lender's untimely assignment of a deed of trust to a securitized trust, the court sustained the lender's demurrer without leave to amend, holding ...
 
 

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