California Land Title Association eNews
California Land Title Association.
CLTA NEWS
The CLTA is looking forward to welcoming you to the 115th Annual Convention, April 3-5, 2022 at the stunning Ritz Carlton Bacara in picturesque Santa Barbara, California. Mark your calendar for April 3-5, 2022 for this don't miss IN-PERSON event! ...
Lisa Steele, Chief Operating Officer for Mother Lode Holding Company (MLHC) and long-standing member of the CLTA Board of Governors, was sworn into the American Land Title Association (ALTA)’s Board of Governors this past week; Bill Burding, another California title industry veteran and CLTA member, will also serve on the ALTA 2021-2022 Board as Immediate Past President. ...
As mentioned in the September edition of the CLTA eNews, the CLTA, in its capacity as an advisory organization, recently submitted a form filing to the California Department of Insurance. The filing has been accepted and will hold an effective date of October 14, 2021. The newly filed forms are available in the online portal and accessible with an active subscription to CLTA’s P&E Forms publication. ...
SACRAMENTO REPORT
Governor Newsom has signed into law Assembly Bill 1466, which requires that the county recorder of each county establish a program to identify and redact unlawfully restrictive covenants from California real property records. Among the various ...
Assembly Bill 721 (Bloom) has been signed and is now Chapter 349. The new law makes unenforceable against an affordable housing development any "restrictive covenant" that restricts the number or size of the residences that may be built on a ...
Governor Newsom signed into law Senate Bill 331 (Leyva) that prohibits provisions in settlement agreements that prevent or restrict the disclosure of factual information relating to claims involving discrimination, harassment or retaliation for reporting or opposing harassment or discrimination pursuant to ...
Existing law allows for an Accessory Dwelling Unit to be sold or conveyed separately from the primary residence to a qualified buyer if several conditions apply. There are three primary conditions for transferability, including: that the property was built or developed by ...
Governor Newsom recently signed Assembly Bill 175 that makes several changes to the foreclosure process that had already been modified by legislation enacted last year. The new law makes clarifying amendments to SB 1079 (Skinner), Chapter 202, Statutes of 2020, related to ...
INDUSTRY NEWS
The ALTA blog reported that since last year, it has seen two principal paper alternatives to RON. The first is commonly called PRON (paper remote online notarization) and the second is known as remote ink-signed notarization (RIN). Both involve ...
Congress must periodically renew the statutory authority of the National Flood Insurance Program (NFIP) to operate. On Sept. 30, 2021, the president signed legislation passed by Congress that extends the National Flood Insurance Program’s (NFIP’s) authorization, though the extension lasts ...
Titlegenius, the title and closing services platform of Radian Group, will be available in California, as well as in Arizona, Nevada, Ohio and Pennsylvania. Originally introduced in Florida, the recent announcement of its expansion to other states will ...
New data from OJO Labs shows that four Californian metropolitan areas were the most unaffordable in the country in September. While San Diego exceeded Los Angeles in unaffordability, the San Francisco-Oakland-San Jose and Monterey-Salinas metro areas were the two most unaffordable ...
Last week Freddie Mac release the results of its Primary Mortgage Market Survey® showing that the 30-year fixed-rate mortgage (FRM) averaged 3.05 percent. “The 30-year fixed-rate mortgage rose to its highest point since April,” said Sam Khater, Freddie Mac’s Chief Economist. “As inflationary pressure builds ...
The October 2021 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group revised downward its full-year 2021 real gross domestic product (GDP) growth projections from 5.4 percent to 4.9 percent due to its more pessimistic view of the speed at which ...
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