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CLTA eNews - February 2018
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In This Issue |
CLTA NEWS
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SACRAMENTO REPORT
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INDUSTRY NEWS
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COURT CASES
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The California Land Title Association’s 111th Annual Convention will be held April 22-24, 2018 at the Ojai Valley Inn & Spa in Ojai, California. Don't delay...Register Today! ...
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CLTA is pleased to offer: New Laws/New Cases 2017, a 1.5-hour recorded webinar delivered directly to your desktop. Participants requesting MCLE or PD will receive 1.50 CE credit for participating in the webinar. ...
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CLTA News Express | January 17, 2018. The California State Lands Commission (SLC) has established a website devoted to Senate Bill 50 (Allen), relating to the conveyance of federal lands. ...
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The California Land Title Association ("CLTA") recently provided comments to the California Law Revision Commission regarding the revocable transfer on death deed ("RTODD") law. The law ...
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CLTA News Express | February 13, 2018. Former Insurance Commissioner Steve Poizner has announced that he is running to reclaim the Insurance Commissioner post he held as a Republican from 2007 to 2011, though this time ...
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California Insurance Commissioner Dave Jones has directed his staff to commence a regulatory review of certain insurance rates citing a "major tax windfall" under the new federal tax rules that reduced the corporate tax rate from ...
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The Board of Equalization recently sent a letter to county assessors discussing change in ownership determinations involving transfers of community property held in the name of one spouse. ...
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er the ALTA, by a vote of 269-143, the U.S. House of Representatives on Wednesday passed a bill that corrects the inaccurate disclosure of title insurance premiums on the TILA-RESPA Integrated Disclosures (TRID), which would help ...
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Last year California Governor Jerry Brown signed legislation creating a new licensing scheme for Property Assessed Clean Energy (PACE) program administrators. Starting January 1, 2019 ...
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The American Land Title Association (ALTA) is one of eight insurance trade groups supporting a bipartisan bill introduced by Rep. Sean Duffy (R-Wis.) and Gwen Moore (D-Wis.) that would clarify the extent to which the Consumer ...
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A newly released strategic plan from the CFPB for the 2018-2022 fiscal years emphasizes sticking to the Bureau’s statutory responsibility. What this means is a slowdown in expansive rulemaking ...
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The combined fourth quarter pre-tax income for the title segments of the four major title insurance groups declined slightly in the 4th quarter of 2017 compared to 2016. Combining the family groups of ...
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For the fourth quarter of 2017, Fannie Mae reported a net after-tax loss of $6.5 billion and a comprehensive loss of $6.7 billion resulting from the change in the company’s deferred tax assets due to the new federal tax law. ...
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California start-up Katerra Inc. received over $800 million in funding from SoftBank Group and other investors. Katerra, based in Menlo Park, bills itself as a tech company and puts all the design and production ...
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Quicken Loans Inc. reported that it overtook Wells Fargo in mortgage originations in the fourth quarter of 2017 by originating $25 billion in home loans in the last quarter of 2017, beating Wells Fargo’s reported $23 billion. However ...
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Propy Inc., based in Palo Alto, is launching a pilot project with South Burlington, Vt., on a blockchain prototype designed to allow the city clerk's office to record real estate conveyance documents. ...
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Guan v. Hu (B276546). Plaintiff and defendant entered into a contract under which plaintiff paid the purchase price for a residence to be held by defendant as the "nominal owner" and which required plaintiff to sell the property when
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SMS Financial v. Cornerstone Title Company (A146711). The court overruled the trial court's sustaining of a demurrer, holding that an assignee of a deed of trust has a cause of action for damages under Civil Code Section ...
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Centex Homes v. St. Paul Fire & Marine Ins. Co. (C081266). The court held that defendant insurance company did not have a duty under Civil Code Section 2860 to provide independent counsel to defend an insured where the defense was accepted ...
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Tikosky v. Yehuda (B278052). The court held that a title insurance company's payment to a judgment creditor for an assignment of an interest in the judgment did not constitute a payment on the judgment. ...
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MTC Financial v. Nationstar Mortgage (A150916). The court held that although defendant's deed of trust securing a $205,080 loan was recorded one recording number after a simultaneously recorded HELOC deed of trust securing ...
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