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CLTA eNews - May 2016 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
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CLTA NEWS
CLTA regrets to report that a retired title professional, John MacMillan, recently passed away after a long fight with illness. John was a long-standing member of CLTA and contributed greatly to the Association and title industry in various capacities over the years. During his involvement with CLTA ...
 
CLTA's 109th Annual Convention at the beautiful Balboa Bay Resort was a great success thanks to all the sponsors ...
 
The CLTA Board of Governors and membership at large elected the following officers to serve from July 1, 2016 through June 30, 2017 ...
 
The CLTA Presidential Awards is a special award given to formally recognize people who do amazing work for the association and title industry as a whole. The CLTA also has a tradition of giving an Honorary Member" award to those with a lifetime commitment to both CLTA and the title industry itself ...
 
This year, the CLTA-PAC has raised over a total of $60,000. This was raised through events at CLTA's 109th Annual Convention along with a majority coming from the following corporate and personal contributions ...
 
CLTA updated the SB 133 "Training Manual" on the CLTA website. The new slide reflects a change to the law that requires title marketing representatives to provide written notification to the Insurance Commissioner within 30 days of changes to ...
 
SACRAMENTO REPORT
The escrow bond required by AB 704 (Cooley) has now been approved by the California Department of Insurance and can be found ...
 
Assembly Bill 2693 (Dababneh) changes contractual voluntary assessments and Mello-Roos special taxes which provide the financing authorization for Property Assessed Clean Energy (PACE) programs. Specifically, the bill prohibits ...
 
Senate Bill 1150 (Leno) would prohibit a mortgage servicer, upon notification that a borrower has died, from recording a notice of default until the mortgage servicer takes certain steps. These steps include ...
 
Senate Constitutional Amendment 5 (Hancock/Mitchell) is a constitutional amendment to change the Proposition 13 real property tax limits. The main provisions of SCA 5 have not changed, but the provisions regarding ...
 
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INDUSTRY NEWS
The "Know Before You Owe" mortgage disclosures under the CFPB are subject to new rulemaking. A notice of the proposed rulemaking is expected to be released in late July. CFPB Director Richard Cordray said ...
 
The Board of Directors of the Property Records Industry Association (PRIA) gave final approval to the paper on "Best Practices for Certifying Copies for Land Records". This paper focuses on best practices for  ...
 
The House unanimously passed H.R. 2901 legislation intended to open up flood insurance to the private marketplace. A major change to the law would consider homeowners to have continuous coverage if  ...
 
The Wall Street Journal recently reported that some apartment owners in southeast China were surprised to find out that the leases on the land under their units had expired. Residents trying to sell were faced with ...
 
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COURT CASES
Friends of Martin's Beach v. Martin's Beach I LLC (A142035).  At issue in this case is a dispute between the public and property owners over the use of a road, parking area and the inland dry sand of a popular beach. There is no disagreement about defendants’ ownership of these areas or the property of which they are a part. The court held ...
 
Carne v. Washington (D067756).  Mr. Liebler conveyed title to the subject property to himself as trustee of his 1985 revocable trust. He subsequently executed a 2009 irrevocable trust, which by its terms conveyed title to the trust, but a separate deed was not executed. The court held that ...
 
Brown v. Deutsche Bank National Trust Co. (A144339).  Plaintiff sought to enjoin a trustee's sale by alleging that it was initiated on behalf of an entity to which the deed of trust was never validly assigned. The court noted ...
 
Daniels v. Select Portfolio Servicing (H040487).  The court reversed the trial court's sustaining of a demurrer in this action to enjoin a trustee's sale and collect money damages. The court held that ...
 
Crossroads Investors v. Federal National Mortgage Association (C072585).  The court affirmed the trial court's denial of Fannie Mae's anti-SLAPP motion (C.C.P. 425.16) in this wrongful foreclosure action, because 1) the principal thrust of plaintiff's action was to ...
 
 

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