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Wendel, Rosen, Black & Dean LLP
CLTA eNews - November 2019 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
Mark Your Calendar Now! The CLTA is looking forward to welcoming you to the 113th Annual Convention at the Park Hyatt Aviara located north of San Diego in beautiful Carlsbad, California. Mark your calendar for April 26-28, 2020. Your support of the title industry is sincerely appreciated by all CLTA members. ...
 
Order CLTA's latest recorded webinar today. Death and Title: Estates of Decedents and Probate Issues, a 1-hour recorded webinar delivered right to your desktop. The webinar was recorded on Tuesday, October 8, 2019. Participants requesting MCLE or PD will receive 1.0 CE credit for participating in the webinar ...
 
Data Trace Union Bank
SACRAMENTO REPORT
Senate Bill 306 (Morrell) has been signed by the Governor and sets forth procedures for a person or entity, named as a trustee under a deed of trust pursuant to a substitution of trustee, to either resign or refuse to accept ...
 
The Family Home Protection and Fairness in Property Tax Reassessments Act is an initiative sponsored by California Association of Realtors that would amend Proposition 13. The initiative has received a title and summary from the ...
 
Governor Newson has signed Assembly Bill 1130 (Levine), an update to California’s data breach law that was sponsored by California Attorney General Xavier Becerra. The legislation was prompted by the 2018 data breach at ...
 
Numerous employment law changes were signed by Governor Gavin Newsom after passing the California Legislature in 2019. The Summary below, compiled by the California Chamber of Commerce, noted that employment law changes may affect ...
 
California’s new Building Energy Efficiency Standards, which will require most new homes to have solar rooftop panels, officially takes effect on January 1, 2020. When California regulators first announced the rule in 2018, the ...
 
State Controller Betty Yee is calling for the creation of one unified state housing agency under the governor that would oversee the administration of state-controlled housing funds and policy development. According to Yee ...
 
The California Schools and Local Communities Funding Act of 2020 proposes a split roll property tax on commercial and industrial properties, which would raise taxes by up to $12 billion a year. Proponents have refiled the measure ...
 
Petru Corporation
INDUSTRY NEWS
The Financial Crimes Enforcement Network (FinCEN) once again renewed its Geographic Targeting Orders (GTO) that require U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash ...
 
On October 18, the Mortgage Industry Standards Maintenance Organization (MISMO) issued new templates for closing instructions. The American Land Title Association and Mortgage Bankers Association have been working with MISMO to ...
 
FASB decided to defer the mandatory effective date for accounting for lease obligations for entities that are not (1) Public Business Entities (2) Not-for-Profit Conduit Bond Obligors, or (3) Employee Benefit Plans that file or ...
 
Realtor.com reports that some 42.8 million people owe around $1.5 trillion on their student loans, an amount that is nearly twice as large as the total value of the home available for sale across the country at $780 billion. Looking at ...
 
Fidelity National Financial reported that its title insurance segment generated pre-tax income of $339 million during the ...
 
Opendoor, a company that buys homes using an online platform that makes offers for homes, is now buying homes in Los Angeles, Orange and ...
 
Taylor Morrison Home Corporation is acquiring William Lyon Homes, one of the nation's largest homebuilders in the Western United States. The combination creates the nation's fifth largest homebuilder and places Taylor Morrison in a ...
 
SoftPro
COURT CASES
MTC Financial v. California Department of Tax and Fee Administration (G056234). Plaintiff and defendant claimed priority as to proceeds deposited into court after a foreclosure sale. The court held that defendant was entitled to ...
 
 

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