California Land Title Association eNewsCalifornia Land Title Association.CLTA NEWS
CLTA has updated its California Anti-Rebate Law Training Manual, a generalized informational template intended to provide CLTA members with readily accessible material on the requirements of ...
Visit https://www.clta.org/news/673235/CLTA-Updates-Anti-Rebate-Training-Manual.htm to view the full article online. CAPITOL REPORT
Assembly Bill 2980 (Low) originally would have permitted county recorders to cross-reference real property documents on a blockchain ledger. The bill has since been amended to ...
Visit https://www.clta.org/news/675208/New-Direction-for-Blockchain-Technology-Bill--CLTA-Removes-Its-Opposition-.htm to view the full article online. Assembly Bill 3100 (Low) would permit an assumption of a home loan by a existing borrower. This bill requires that a conventional home mortgage loan originated on or after ...
Visit https://www.clta.org/news/675209/Loan-Assumption-by-Existing-Borrowers---Bill-Amended.htm to view the full article online. Assembly Bill 491 (Wallis) allows a local agency to adopt an ordinance establishing a procedure to collect certain administrative fines or penalties imposed by lien upon the ...
Visit https://www.clta.org/news/675210/Lien-Collection-Procedures-to-be-Adopted-by-Ordinance-under-Pending-Legislation.htm to view the full article online. The Newsom administration released a draft of a proposal relating to streamlining the rate filing approvals for Prop. 103 insurers in response to the insurance crisis affecting the...
Visit https://www.clta.org/news/675205/Newsom-Administration-Releases-Proposal-on-Insurance-Rate-Filing-Process.htm to view the full article online. Assembly Bill 1950 creates a task force to study how to compensate the former residents of the Chavez Ravine area of the City of Los Angeles who were forcibly displaced by ...
Visit https://www.clta.org/news/675207/Legislation-Passes-Assembly-for-Displaced-Residents-of-Chavez-Ravine-in-Los-Angeles-.htm to view the full article online. In 2020, pursuant to the passage of state legislation in the form of AB 3121 (Weber), California established a Task Force to “identify, compile, and synthesize the documentary record on a range of ...
Visit https://www.clta.org/news/675206/Bills-Intended-to-Address-Racially-Motivated-Eminent-Domain-Move-Forward--CLTA-Amendments-Accepted.htm to view the full article online. INDUSTRY NEWS
The CLTA received a letter from the Department of Insurance on the use of “foreclosure lists” in title marketing practices. This letter is also available on the ...
Visit https://www.clta.org/news/675212/Department-of-Insurance-Issues-Letter-to-CLTA-on-Furnishing-Free-Forelcosure-Lists-.htm to view the full article online. Fraud and forgery claims represent 21% of the total dollars spent by title insurers on claims expense and losses, with an average claim cost of over $143,000, according to a new ...
Visit https://www.clta.org/news/675211/Average-Title-Insurance-Claim-Cost-for-Fraud-and-Forgery-is-143000.htm to view the full article online. The title insurance industry generated $3.35 billion in title insurance premiums during the first quarter of 2024 compared to $3.37 billion during the same period a year ago, according to ...
Visit https://www.clta.org/news/675215/ALTA-Reports-Q1-2024-Title-Premium-Volume.htm to view the full article online. Last week, Freddie Mac’s Primary Mortgage Market Survey® (PMMS®), showed the 30-year fixed-rate mortgage (FRM) averaged 6.95 percent. ...
Visit https://www.clta.org/news/675214/Mortgage-Rates-Fall-Slightly.htm to view the full article online. CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, has released the Homeowner Equity Report (HER) for the first quarter of 2024. The report shows ...
Visit https://www.clta.org/news/675213/CoreLogic-Reports-Big-California-Home-Equity-Gains.htm to view the full article online. |