Member Directory | Become a Member | Join our Mailing List | Contact Us
 
 
CLTA eNews - December 2016 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Simplifile Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
Early Bird Sponsorship Opportunities Available.  The California Land Title Association's 110th Annual Convention will be held May 21-23, 2017, at the Silverado Resort & Spa in Napa, California ...
 
CLTA is pleased to offer:  New Laws/New Cases 2016, a 1.5-hour live webinar delivered to your desktop on Wednesday, January 18, 2017 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 to keep paper copies of the Summary on-hand are of course free to print their own at any time. ...
 
CLTA moved the CLTA Manual and Policy and Endorsement Forms publications to on an online platform in July, 2016. These publications were previously offered in a CD-Rom version and are no longer available in this format. All formerly issued CD Rom discs will expire on December 31, 2016. ...
 
SACRAMENTO REPORT
Senator Toni Atkins introduced Senate Bill 2 to hike recording fees to fund affordable housing. The proposed fee is $75 on every document involved in a single transaction, up to a maximum of $225. The fee would not be charged on any transaction that involved ...
 
At its December meeting, the California Law Revision Commission reviewed and approved a draft recommendation dealing with the application of mechanics liens law to common interest developments. A single revision was made prior to the Commission’s approval ...
 
Governor Jerry Brown picked House Democratic Caucus Chairman Xavier Becerra (D-Los Angeles), who has served 12 terms in Congress, to be California’s next attorney general. If confirmed by both houses ...
 
Data Trace Union Bank
INDUSTRY NEWS
The National Notary Association recently released What Business Needs to Know About eNotarization that outlines various on-going eNotarization initiatives.  These initiatives include eSignature, eNotarization, Webcam Notarization and Knowledge Based Authentication (KBA).  NNA views eNotarization as a solution for creating efficiencies ...
 
Many home equity loans taken out 10 and 11 years ago, are facing interest rate resets just as rates are beginning to rise. According to Barron’s Magazine, around 840,000 of the loans reset this year and a million more in 2017. The home equity loan reset, combined with rising interest rates, is predicted to ...
 
A federal judge enjoined the overtime rules set to go into effect on December 1. The judge decided that increasing the salary exemption for overtime to $47,476 basically created a de facto salary test rather than the test created by Congress of whether an employee was employed in a bona fide executive, administrative or professional capacity. Groups challenged ...
 
Conforming loan limits are set to rise in 2017 according to the Federal Housing Finance Agency. Conforming loans are loans eligible for purchase by Fannie Mae and Freddie Mac. The new limits will go from $417,000 to $424,00. In high cost areas ...
 
The recent election has a major message to builders – urban California voters will not hesitate to demand affordable housing. Los Angeles city voters approved a new ordinance to require affordable housing for developments of 10 or more units that need a zoning or height change, or else developers must pay the city a fee.  New construction worker requirements ...
 
The ALTA reports that the NAIC's Cybersecurity Task Force's efforts to draft a model Insurance Data Security Model Law appear to be slowing as we head into 2017. Earlier this fall, regulators established a drafting group of regulators and industry to work through issues. ...
 
Wendel, Rosen, Black & Dean LLP Adeptive Software
COURT CASES
Chicago Title admitted its employee negligently listed the wrong name of the insured (the purchaser of a gas station business) when securing a new certificate of insurance for the business. This was the first of a series of missteps by several persons that eventually led to ...
 
The court reversed the trial court's order granting plaintiff-debtor's motion for restitution and cancellation of a sheriff's deed of sale. C.C.P Section 701.680(a) unequivocally states that an execution sale is "absolute and shall not be set aside for any reason." Because defendant was ...
 
In this action to set aside a trustee's deed, a borrower challenged a securitized trust's ownership of a deed of trust by alleging that the attempts to transfer the deed of trust to the securitized trust (which was formed under New York law) occurred after the trust's "closing date". Under New York law ...
 
 

Advertise

We would appreciate your comments or suggestions.
Your email will be kept private and confidential.