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CLTA eNews - September 2016 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Simplifile SoftPro
CLTA NEWS
CLTA is pleased to offer: Bankruptcy Basics, a 1.5-hour live webinar delivered to your desktop on Thursday, September 22, 2016 from 10:00am - 11:30am. Participants requesting MCLE or PD will receive 1.5 CE credit for participating in the webinar. ... 
 
SACRAMENTO REPORT
A last-minute Legislative maneuver on the final day of session amended a cap-and trade bill, Senate Bill 859, to give local governments the right to sue in matters relating to public trust lands.  The bill, which became effective on September 14th as an urgency measure, added a subdivision to section ...
 
Governor Brown has signed Assembly Bill 2143 (Irwin) into law. The bill authorizes a county recorder to enter into a contract with an authorized submitter, other than a title company or institutional lender, for electronic recording. The bill also expands ...
 
Governor Brown signed Senate Bill 983 (Morrell) which increases the base non-judicial foreclosure fee for a trustee or attorney. The new law affects fees charged during the nonjudicial foreclosure process or until the notice of sale ...
 
Governor Jerry Brown signed legislation that raises the fee cap for acknowledgments and jurats to $15 – a 50% increase over the previous maximum allowable fee for notarial acts. The bill is part of a nationwide push to increase the cap on notary fees.  ...
 
Data Trace Union Bank
INDUSTRY NEWS
A federal appeals court struck a blow against the supremacy of Nevada HOA liens. In a 2-1 decision, the Ninth Circuit Court of Appeals, which covers California as well as Nevada, ruled unconstitutional a Nevada statute allowing a HOA foreclosure lien to wipe out ...
 
As mentioned in last month's CLTA eNews, the FHA and eleven trade associations, including American Land Title Association, sent a letter urging the Department of Housing and Urban Development and Department of Veterans Affairs to suspend their recently revised guidance ...
 
The U.S. title insurance industry is well-capitalized with a risk-adjusted capital (RAC) score of 178 percent, according to a report from Fitch Ratings issued in August. This is down slightly from a score of 181 percent for Fitch's title insurance universe. ...
 
The Consumer Financial Protection Bureau (CFPB) has compiled several resources to help title and settlement agents navigate changes the TILA-RESPA Integrated Disclosures (TRID) rule brought to the real estate transaction and closing process. ...
 
The Financial Crimes Enforcement Network (FinCEN) issued Geographic Targeting Orders (GTOs) for a number of U.S. housing markets, including San Diego, Los Angeles, San Francisco, San Mateo and Santa Clara Counties, effective for 180 days that began on August 28, 2016. The GTOs require ...
 
Petru Corporation Adeptive Software
COURT CASES
Plaintiff alleged that a deed was void because the grantor was incapacitated (too drunk to know what he was doing) at the time he signed it. The trial court ruled that an action to set aside an allegedly void agreement is not subject to a ...
 
The court upheld the trials court's order sustaining defendant lenders' demurrers in borrower's action seeking an injunction to prevent a foreclosure based on alleged violations of the Homeowner's Bill of Rights (HBOR). The court held ...
 
 

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