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April 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’s 114th Annual Convention is just around the corner, and registration is now open. After you register, donate an item to CLTA-PAC Silent Auction being held online this year. ...
 
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. (0.5 MCLE Credits) ...
 
The Small Business Administration (SBA) contacted the CLTA for assistance in communicating to title companies the contact information for the SBA servicing centers, which are different than …  
 
SACRAMENTO REPORT
Assembly Bill 1124 (Friedman) amends existing law that creates the right to receive sunlight, which is referred to as a solar easement. A “solar easement” means the right of receiving ...
 
Assembly Bill 1199 (Gipson) would require landlords that are LLCs or limited partnerships to report annually to the Secretary of State specified information regarding their property that would be ...
 
Assembly Bill 874 (Quirk-Silva) amends existing law that requires the California Alternative Energy and Advanced Transportation Financing Authority to develop and administer a PACE risk ...
 
The California Chamber of Commerce recently released its annual job killer list, which includes 18 bills that the organization says would place California employers and the state’s economy ...
 
Assembly Bill 787 (Gabriel) authorizes a city or county to elect to meet all or a portion of its share of regional housing need for an applicable income category with units in an existing multifamily ...
 
Assembly Bill 1434 (Friedman) amends the law authorizing the Department of Water Resources to recommend to the Legislature a standard for indoor residential water use. Existing ...
 
Data Trace Union Bank
INDUSTRY NEWS
The Consumer Financial Protection Bureau (CFPB) is proposing amending Regulation X to assist borrowers affected by the COVID-19 emergency. The proposed amendments would ...
 
The Department of Financial Protection and Innovation (DFPI) recently permanently barred James Jacob Berry and any company he owns or controls from seeking future enrollment as a ...
 
Governor Gavin Newsom, Attorney General Xavier Becerra, Senate President pro Tempore Toni G. Atkins (D-San Diego), and Assembly Speaker Anthony Rendon (D-Lakewood) announced ...
 
The “Secure and Fair Enforcement (SAFE) Banking Act of 2021” has been reintroduced in Congress after passing the House last year by an overwhelming majority. The bill provides a federal safe ...
 
Driven by historic mortgage origination activity and increased home values, the American Land Title Association reported that the title insurance industry generated $19.2 billion in title ...
 
Lennar Corporation has announced the formation of the Upward America Venture that initially will be capitalized with $1.25 billion of equity led by Centerbridge Partners L.P., a private investment ...
 
Notarize announced a $130 million Series D funding raise, led by fin-tech focused VC firm Canapi Ventures, Alphabet’s independent growth fund CapitalG, Citi Ventures, Wells Fargo ...
 
Residential real estate software provider Lone Wolf Technologies’ new offering that launched March 15, Digital Title Orders, aims to simplify and speed up real estate transactions by ...
 
Real estate brokerage company Compass, backed by SoftBank, recently went public via an IPO after reducing its IPO pricing and number of shares issued. In initial trading COMP closed higher ...
 
Phoenix based online real estate platform Offerpad announced that it plans to go public in the second or third quarter of 2021 through a merger with a special purpose acquisition company. It ...
 
Freddie Mac’s Primary Mortgage Market Survey released last week showed a slight decrease in rates of almost 10 basis points, but Freddie Mac’s chief economist Sam Khater stated ...
 
Petru Corporation North American Title Insurance Company
COURT CASES
Villanueva v. Fidelity National Title Company (S252035). The court held that plaintiff was not barred from bringing a class action lawsuit alleging that defendant charged certain escrow ...
 
Tsasu LLC v. U.S. Bank (B298589). The Court of Appeal held that California's Quiet Title Act (C.C.P. 760.010 et seq.), insulates a third party from the effect of a subsequent invalidation of an ...
 
 

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