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February 2021 In This Issue
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
CLTA is pleased to release its newest CLTA Titlecast, New Laws 2020. CLTA Titlecast episodes are on-demand educational audio/video podcasts FREE to CLTA members. Listen now using your computer or mobile device at your convenience. ...
 
CLTA Titlecast, CLTA’s new on-demand educational audio/video podcast series, delivers in-depth conversations with title experts about topics relative to the title industry in the state of California. See how your company can sponsor this important and free members-only education now.
 
SACRAMENTO REPORT
Legislature leaders and the Governor reached an agreement to extend provisions of the COVID-19 Small Landlord and Homeowner Relief Act of 2020 and expand tenant protections. The agreement was ...
 
Senate Bill 315 (Roth) extends the operative date of the Transfer on Death Deed law until January 1, 2032. The bill also defines and redefines terms, including, but not limited to ...
 
The Department of Financial Protection and Innovation is engaging in the rulemaking process to update rules regarding establishing, maintaining and preserving escrow books and ...
 
Assembly Constitutional Amendment 1 would create an additional exception to the 1% limit on ad valorem real property taxes to authorize a local governmental to levy an ad valorem tax to ...
 
Senate Bill 308 (Min) would lower the amount of unclaimed property required to be electronically escheated to the Controller from $20,000 to $2,000. ...
 
The new Department of Financial Protection and Innovation has published an Invitation for Comments asking stakeholders to provide input on regulations to implement the California Consumer Financial Protection Law ...
 
Union Bank
INDUSTRY NEWS
Earlier this month, California Attorney General Xavier Becerra filed a motion to intervene in a lawsuit challenging Lake County’s approval and certification of an Environmental Impact Report (EIR) for the proposed ...
 
The DRE launched a website (HousingIsKey.com) to provide crucial information about the new tenant legal protections, including the required declarations for tenants in multiple ...
 
The Federal Housing Administration (FHA) announced that it will execute the Biden Administration’s request to extend the deadline for borrowers with FHA-insured mortgages who are ...
 
The use of eNotes registered on the Mortgage Electronic Registration Systems increased a full 261% year-over-year in December 2020 according to Housing Wire. The MERS eRegistry is ...
 
Fidelity National Title; First American Title; Old Republic Title; Stewart Title
 
Freddie Mac’s Primary Mortgage Market Survey shows 30-year rates last week averaging 2.73%. “It’s a tale of two economies. The services economy remains in the doldrums, but the ...
 
CoreLogic has agreed to accept an $80 per share buyout offer from two private equity firms – Stone Point Capital and Insight Partners. CoreLogic is one of the country’s largest real estate ...
 
Late last month, DocuSign announced that, in 2021, CAR members will be able to access the C.A.R. Standard Forms directly from DocuSign eSignature and DocuSign Rooms for Real Estate. The ...
 
Petru Corporation North American Title Insurance Company
COURT CASES
Southern California School of Theology v. Claremont Graduate University (B295488).  The case involves a dispute over a 1957 deed that contained two conditions subsequent, one regarding permissible uses of the property and one regarding conditions that would require ...
 
Self v. Cher-Ae Heights Indian Community of the Trinidad Rancheria (A158632).  The court held that sovereign immunity bars a quiet title action to establish a public easement for coastal access on property owned by an Indian tribe. The Tribe had purchased ...
 
 

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