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Wendel, Rosen, Black & Dean LLP
CLTA eNews - February 2017 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Simplifile SoftPro
CLTA NEWS
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's online publications, the CLTA Manual and P&E Forms publications, have been updated and available to all subscribers.  If you are not currently subscribed to either publication and are interested in purchasing one of these products ...
 
CLTA's Education Committee is pleased to offer a Claims Avoidance webinar for the beginner title person.  The 1.5 hour live webinar is scheduled for March 23, 2017 from 10:00am - 11:30am.  Mark your Calendar...Registration coming soon!
 
In case you missed it, the CLTA is pleased to offer:  New Laws/New Cases 2016, a 1.5-hour recorded webinar delivered to your desktop to watch at your convenience. Participants requesting MCLE or PD will receive 1.50 CE credit for viewing the recorded webinar. 
 
SACRAMENTO REPORT
Assemblymember Matt Dababneh has reintroduced an identity theft protection bill from the 2015-2016 legislative session. The California Land Title Association supported last year’s bill. Assembly Bill 241 will require public agencies ...
 
Senate Bill 184 (Morrell) would expand the recorders’ social security truncation program that now only applies to documents recorded after January 1, 1980. Senate Bill 184 permits, but does not require, counties to go back prior to 1980 and create ...
 
On the first official day of the 2017-2018 Legislative Session, newly elected Senator Bill Dodd introduced SB 33, a bill addressing contractual arbitration. This bill has become one of the most controversial bills of the session ...
 
Data Trace Union Bank
INDUSTRY NEWS
At the direction of the CLTA Board of Governors, CLTA has formed an "Electronic Notarization/Remote Notary Task Force" composed of members of CLTA’s Legislative Committee and Forms and Practices Committee to establish a working template ...
 
The CLTA Technology Committee is strongly advising the appropriate UTC company employees to join the Financial Services-Information Sharing and Analysis Center (FS-ISAC) group. ...
 
The Mortgage Bankers Association (MBA) released a paper outlining its recommended approach for secondary mortgage market reform. The approach proposes the end of conservatorship of Fannie Mae and Freddie Mac (the GSEs) and replacing ...
 
The Nevada Supreme Court declined to follow a 2016 Ninth Circuit decision that Nevada’s  statute on HOA liens violates due process based on its enactment being state action that invokes the Due Process Clause.  Instead, the Nevada Supreme Court ...
 
Until January 1, 2020, property owners and counties or cities that are parties to a Williamson Act contract may mutually agree to rescind the contract on parcels of land meeting certain criteria and simultaneously enter into a solar-use easement. The ...
 
Most everyone has heard of bitcoin, the cryptocurrency and digital payment system released in 2009, but what many don’t realize is that bitcoin is driven by what’s called "blockchain" technology. Major financial institutions are exploring the use ...
 
It’s been over a year since the Consumer Financial Protection Bureau’s adopted the TILA-RESPA Integrated Disclosures rule (TRID). Since then, the lending industry, including the title industry, has called on the CFPB to clarify various aspects of TRID. ...
 
There have been talks around Capitol Hill to reform the Consumer Financial Protection Bureau but there are those who want to kill the agency altogether.  Bills were recently introduced by Sen. Ted Cruz, R-Texas, and Rep. John Ratcliffe, R-Texas that would repeal Title X of the Dodd-Frank Wall Street Reform Act which would abolish the CFPB entirely. 
 
Petru Corporation Adeptive Software
COURT CASES
The court held that, while stipulated judgments that required the City to set aside various percentages of the tax increment for low and moderate income housing projects were enforceable obligations, money that had been set aside pursuant to ...
 
In this action to set aside a trustee's sale on numerous grounds, the court ruled in favor of defendant, holding in the published portion of the opinion:  1.  The substitution of trustee was valid even though ...
 
Plaintiff homeowner filed this action, following several other similar actions, to prevent a trustee's sale based on alleged violations of the Homeowner's Bill of Rights, lack of the lender's standing to foreclose and various other theories. The court ruled ...
 
Plaintiff purchased real property knowing about a recorded default judgment in the chain of title that vacated the lien interest of defendant's deed of trust. The default judgment was later adjudicated as void due to lack of service of process. The ...
 
 

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