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CLTA eNews - June 2017 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
CALENDAR OF EVENTS
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CLTA NEWS
Newly installed CLTA President Jeff Kerns started his title career at family-owned Yosemite Title in 1977 while he was still in high school. But after spending time on other family ventures, while still working part-time in the title business ...
 
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 Award 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 ...
 
This year, the CLTA-PAC has raised over a total of $73,000.   This was raised through CLTA dues along with events at CLTA's 110th Annual Convention a majority coming from ...
 
The CLTA Board approved a new standing committee, the Settlement Committee.  By establishing the committee, the Board recognizes that escrow risks, particularly for underwritten title companies, are frequently encountered in the closing/escrow process.  The mission ...
 
The CLTA filed a request with the California Supreme Court asking the court to accept a case for review relating to lien priority. The opinion in Nautilus, Inc. v. Urban Financial Group, Inc., upheld the decision of the trial court to create an equitable lien based on ...
 
SACRAMENTO REPORT
Senate Bill 50 (Allen) passed the Senate on a 24-11 vote. As mentioned in a prior enews article, the bill makes any transfer of federal lands void ab initio unless the State Lands Commission waives its first right of refusal. Prior to passage ...
 
The mortgage interest deduction for second homes would be eliminated by Assembly Bill 71 (Chiu), in order to fund a $230M increase for low income housing tax credits. The bill reached the Assembly floor in late May. Because AB 71 is an urgency measure ...
 
Assembly Bill 1209 (Gonzalez Fletcher) requires most employers with 250 or more employees to collect gender pay differential information on exempt employees and board members. The legislation follows up on ...
 
Assembly Bill 1505 (Bloom) allows the legislative body of a city or county to adopt an ordinance that requires, as a condition of the development of residential rental units, that the development include a certain percentage of affordable residential rental units.  ...
 
Despite the Governor’s successful drive to pass a gas tax increase, the public is opposed. A recent Sacramento Bee poll found that more than half of California voters opposed the new 10-year program to raise more than $52 billion for transportation project. The new taxes ...
 
Senate Bill 2 (Atkins), which would fund affordable housing through a substantial increase in recording fees, is currently on the Senate floor and could be voted on at any time. Senate BIll 2 would impose ...
 
Solar energy installation companies would be required to provide homeowners with additional disclosure information prior to the signing of a solar lease under AB 1070 (Gonzalez-Fletcher). Furthermore ...
 
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INDUSTRY NEWS
The Department of Business Oversight recently issued updated information regarding acceptable evidence of compliance with the law prohibiting lenders from charging interest to borrowers more than ...
 
ENotarization was the focus of a Technology panel at last month’s CLTA convention that was moderated by Paul Flores of Fidelity Title. As technology drives efficiency in the title business, consumers expect  ...
 
Fannie Mae is now accepting delivery and servicing of mortgage loans with electronic documents, including security instruments or mortgage loan modification agreements that have been electronically notarized, either in person or ...
 
The winner of this year’s auction for a private lunch with billionaire investor Warren Buffett is helping a good cause. The winning bid of $2.68 million raised money for the Glide Foundation in San Francisco that helps the poor and homeless, including providing housing support.
 
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CALENDAR OF EVENTS
September 20, 2017 | 10:00am - 11:30am.  Additional details soon!
 
 

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