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Wendel, Rosen, Black & Dean LLP
CLTA eNews - April 2019 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
The CLTA Board of Governors and membership at large elected the following Officers to serve from July 1, 2019 through June 30, 2020. ...
 
The CLTA Presidential Award is a special award given to formally recognize people who perform exemplary work for the association to the benefit of the title industry. The CLTA also has a tradition of awarding ...
 
This year, the CLTA has raised a total of over $65,000 for the CLTA-PAC. This amount was raised through both member company and individual contributions ...
 
SACRAMENTO REPORT
The California Housing Finance Agency (CalHFA) is accepting applications until the end of April for its Multifamily Mixed-Income Program, administered under the "Building Homes and Jobs Act" as enacted by Senate Bill 2, passed in 2017. Under the program ...
 
Assembly Bill 38 (Wood) creates a State Wildfire Preparedness Board and divides the state’s very high fire hazard severity zones into 18 regional wildfire prevention districts, which enforce defensible space and ...
 
Assembly Bill 1667 (Santiago) would authorize the execution of an electronic will as an additional type of will that is an electronic writing stored in an electronic medium and signed electronically, if it meets specified requirements, including ...
 
A bill seeking to implement a state inheritance tax in California has been introduced in the State Legislature.  Senate Bill 378 (Wiener) seeks to place a measure on ...
 
enate Constitutional Amendment 5, SCA-5 (Hill), would make it easier to pass parcel taxes for schools by establishing a majority vote requirement instead of the 2/3 vote now required. If SCA-5 is passed ...
 
he federal tax overhaul passed in 2017 created a program for opportunity zones that lets investors shield gains from taxes if they invest in projects in designated opportunity zones. Governor Newsom ...
 
Data Trace Union Bank
INDUSTRY NEWS
The Los Angeles Times reported that Los Angeles city attorney Mike Feuer recently filed a lawsuit alleging that an unlicensed contractor used the PACE program to defraud low-income consumers. The lawsuit claims that ...
 
President Trump has signed a Presidential memorandum signaling the White House’s interest in reforming the housing finance system. Both Congress and the White House have been grappling in recent years with how to overhaul ...
 
The Northern California PRIA Local has scheduled a meeting for May 16, 2019 from 8:30am – 1:00pm, at the Dublin Public Library in Dublin. This year’s topics will consist of ...
 
The Southern California PRIA Local has scheduled a meeting for June 11, 2019 from 8:30am – 1:00pm, in Irvine at 18565 Jamboree Road, Irvine. This year’s topics will consist of ...
 
The title insurance industry generated $14.84 billion in title insurance premiums during 2018 compared to $14.77 billion during 2017, according to ALTA’s Market Share Analysis. Total California premiums were ...
 
As U.S. Treasury rates fall, refinancing becomes an increasingly attractive option for a growing number of homeowners. The ten-year treasury yield is now around 2.500%. The Financial Times reported that David Finkelstein, chief investment officer at ...
 
Petru Corporation First American SMS
COURT CASES
JP Morgan Chase Bank v. Ward (D073378). A deed of trust was executed in 2007 but was never recorded. The trial court sustained a demurrer without leave to amend because plaintiff bank's complaint sought to correct the deed of trust on the basis ...
 
Shoen v. Zacarias (B284374).  When a landowner grants someone permission to use her land, she generally retains the right to revoke that license at any time. The landowner may nevertheless be estopped from ...
 
In re: Marriage of Begian and Sarajian (B278316). The court held that a "Trust Transfer Deed," signed by a husband, granting real property to his wife, did not meet Family Code section ...
 
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