California Land Title Association eNews

California Land Title Association.

Wendel Rosen LLP
Black Knight
SPONSORS CORNER
A huge THANK YOU to these continuing Platinum and Gold Sponsors of CLTA's Annual Convention, which was canceled due to developments relating to COVID-19.

Visit https://www.clta.org/page/SponsorsCorner_current to view the full article online.

 
MESSAGE FROM THE PRESIDENT
It has been a great honor and privilege to serve CLTA as president this past year. I am so very grateful for the experience, including the opportunity to collaborate with CLTA staff, officers and various committee member volunteers on a variety of critical issues.
 
CLTA NEWS
As executive vice president and counsel of CLTA, I would like to take this opportunity to pay tribute to Doug Borchert, a long time title underwriting counsel and vital contributor to the work of CLTA, who passed away on March 23, 2020, at the age of 77.
 
Now Available on iTunes!  CLTA is pleased to offer the free podcast: Recording in a Pandemic, an audio recording you can listen to now. Please take time to hear how these county recorders are handling the changing guidelines surrounding the coronavirus pandemic.
 
Data Trace
Union Bank
CAPITOL REPORT
Assembly Bill 2501 (Limon), which would have established a moratorium on foreclosure actions and provided for temporary forbearance and affordable post-forbearance repayment options for borrowers facing financial hardship related to...
 
The Assembly Privacy Committee held a hearing on Friday to discuss the California Privacy Rights Act (CPRA), a ballot measure seeking to modify the California Consumer Privacy Act (CCPA) that is awaiting verification of gathered signatures to determine...
 
On May 19, California Attorney General Xavier Becerra sent a letter to Senators Graham and Senator Feinstein, the Chairman and Ranking Member respectively of the United States Senate Judiciary Committee. The letter urged “Congress to...
 
Senate Bill 1447 (Bradford) extends the foreclosure mitigation protections in the Homeowners Bill of Rights to rental properties consisting of one to four units. The bill...
 
$275 Per-Employee Business Tax Amended into Legislation After Original Education Related Language Removed; Human Trafficking Bill Becomes Foreclosure Moratorium After Passing Assembly...
 
Both the California State Assembly and Senate Budget Committees deferred the expansion and renaming of the Department of Business Oversight into the Department of Financial Protection and Innovation. The governor’s...
 
Voters will decide on several ballot propositions in the general election in November, including whether to assess commercial and industrial property to generate more taxes...
 
Governor Gavin Newsom submitted his 2020-21 May Revision budget proposal to the Legislature that attempts to close a budget gap of more than $54 billion brought on swiftly by the COVID-19 recession...
 
Petru Corporation
First American SMS
INDUSTRY NEWS
On May 27, the California Department of Business Oversight announced an order to ban from the PACE industry an Encino company that allegedly engaged in a pattern of fraud that included peddling PACE as a...
 
As first reported by the Los Angeles Times, Los Angeles County has ended its involvement in the Property Assessed Clean Energy (PACE) program, which allowed borrowers to take out super priority loans against...
 
According to Black Knight CEO Anthony Jabbour, improvement was seen in the number of homeowners in forbearance for the first time since the CARES Act has gone into effect. As of June 2, 2020...
 
States Title, and its family of brands – North American Title Company and North American Title Insurance Company, announced last month that it raised $123 million in its Series C capital raise led by Greenspring Associates. The capital raise included...
 
Stewart announced its acquisition of United States Appraisals. Stewart stated that the acquisition will strengthen Stewart’s digital real estate services offering in appraisal and valuation management and enhance Stewart’s existing title insurance...
 
SoftPro