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January 2021 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
The California Land Title Association is releasing its annual Summary of Legislation in a high-resolution electronic format, complete with live hyperlinks to chaptered bill text and exclusive web content. ...
 
Your digital edition of California Land Title Association - 2021 Membership Directory is available now. ...
 
CLTA’s Titlecast program, a member's only educational offering of on-demand podcast episodes brought to you by the top title experts in California! CLTA is in the process of building its Titlecast library and will be adding new episodes monthly. Listen Now! New sponsorships are available. Sponsor Now to have your company recognized by CLTA’s important audience. 
 
SACRAMENTO REPORT
In September, Governor Newsom pledged to oppose new taxes, although he did support the split roll initiative. While the Governor did not include tax increases in his proposed budget, some legislators are ...
 
Assembly Bill 115 (Bloom) permits housing in commercially zoned areas. Assembly Bill 115 provides that notwithstanding any inconsistent provision of a city’s or county’s general plan, specific ..
 
As the Legislature goes back into session, lawmakers’ initial focus appears to be on the State Budget as there is still plenty of time to introduce bills, with the bill introduction deadline set for February ...
 
According to a summary of his budget proposal, Governor Newsom is planning to commit hundreds of millions of dollars to address “the housing availability and affordability crisis.” Specifically, the ...
 
Governor Newsom announced that he was nominating Assembly member Dr. Shirley Weber for California Secretary of State after selecting the existing Secretary of State, Alex Padilla, to to fill the U.S. Senate ...
 
Data Trace Union Bank
INDUSTRY NEWS
By voting to override President Trump's veto of the National Defense Authorization Act (NDAA) in December, Congress enacted a provision creating a new beneficial ownership registry for shell companies. The ...
 
San Diego-based PACE financing company Renovate America, founded in 2009, filed for Chapter 11 bankruptcy in late December. The company partially blamed its woes on some consumer-focused legislation ...
 
California-based lender loanDepot has filed with the Securities and Exchanges Commission (SEC) to go public. The company considered going public in 2015 and 2017 but held off due to market conditions. ...
 
Digital real estate closing technology company Qualia, based in San Francisco with offices also in Austin, raised $65m in Series D financing, valuing the company at over $1 billion. Qualia also ...
 
Freddie Mac’s Primary Mortgage Market Survey released late last week showed the 30-year fixed-rate mortgage (FRM) averaging 2.79 percent. “As Treasury yields have risen, it is putting pressure on mortgage ...
 
Petru Corporation North American Title Insurance Company
COURT CASES
Nagel v. Westen (B300552).  The court held that under the Uniform Voidable Transactions Act (Civil Code Sections 3439 et seq.), selling real property in ...
 
Trenk v. Soheili (B295434). The court held: 1, A power of sale in a trust deed is enforceable even if the statute of limitations has ...
 
In re the Marriage of Wozniak (D074813). The court held that where the wife evidenced an intent to reject a deed from the husband quitclaiming his interest in community property real estate to the ...
 
 

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