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Wendel, Rosen, Black & Dean LLP
CLTA eNews - March 2017 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Simplifile SoftPro
CLTA NEWS
The CLTA sadly reports that title attorney, Lee Bardellini, passed away after a brief illness.  Lee was a former member of the California Land Title Association’s Forms and Practices Committee and Legislative Committee. He participated in ...
 
The California Land Title Association's 110th Annual Convention is just around the corner. This is a don't miss industry event! Registration is now available. ...
 
CLTA's Education Committee is pleased to offer:  Recognizing and Preventing Common Fraud Claims, a 1.5-hour live webinar delivered directly to your desktop on Thursday, March 23, 2017 from 10:00am - 11:30am. ...
 
The CLTA Education Committee recently updated the following two Title Consumer publications ...
 
CLTA Executive Vice President and Counsel Craig Page sent a letter to a number of advocacy groups notifying them of the potential impact of increased recording fees if Senate Bill 2 (Atkins) becomes law. Under SB 2 a new $75 recording fee would ...
 
SACRAMENTO REPORT
Senate Bill 353 (Stone) proposes to eliminate the current 33 1/3 withholding of the sales proceeds by a transferee on California real property sold by certain out of state sellers. The law was ...
 
Transfer fees created after January 1, 2009 require a specific recorded notice in a single document. The information cannot be incorporated by reference from any other document.  ...
 
Tax collectors can require taxpayers who make aggregate payments of $50,000 or more on the two most recent regular installments to make subsequent payments by electronic funds transfer. Senate Bill 703 (Skinner) eliminates ...
 
Existing law requires a social security truncation program in the office of the county recorder for documents recorded after January 1, 1980. Senate Bill 184 (Morrell) would permit recorders to ...
 
Last year the Governor signed Assembly Bill 2693 by Assemlyman Dababneh, that provides protections for PACE participants contracting for energy efficiency home improvements. This year Senator Skinner introduced ...
 
California revenue of $6.52 billion for February fell short of projections in the governor’s proposed 2017 18 budget by $772.7 million. For the first eight months of the 2016-17 fiscal year ...
 
Data Trace Union Bank
INDUSTRY NEWS
House Financial Services Committee Chair Jeb Hensarling told CNBC that the Committee plans to take up Dodd-Frank reform this year, but that it will fall behind tax reform and the repeal and replacement of Obamacare. Instead ...
 
U.S. Treasury Secretary Steven Mnuchin has ruled out changes on the deductibility of mortgage interest. Mnuchin is quoted as saying "we are leaving the mortgage interest deduction as is." The mortgage interest deduction is already capped at ...
 
The Assembly Housing Committee recently held an informational hearing on California housing affordability. One of the presenters was the California Housing Partnership Association. The CHPA was created by the Legislature ...
 
U.S. Finance Post | March 14, 2017.  An association of the housing industry's top trade organizations including ALTA declared their collective support for an ongoing effort in Congress to bar the use of funds raised from ...
 
The American Land Title Association reports that insurers posted positive 2016 earnings. ...
 
Petru Corporation RynohLive
COURT CASES
The court held that plaintiff was not able to establish termination of an road easement by adverse possession, finding that:  1.  Adverse possession of an easement can originate with a mistake. ...
 
Defendant refinanced its own home equity line of credit (HELOC) loan and, almost simultaneously, plaintiff refinanced defendant's second loan. The HELOC account was paid down to zero, but not closed, and additional funds were ...
 
Where a lease that had recorded before a deed of trust contained both an automatic subordination clause and permissible subordination clause with a nondisturbance provision, the court held that ...
 
 

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