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Wendel, Rosen, Black & Dean LLP
CLTA eNews - July 2019 In This Issue
MESSAGE FROM THE PRESIDENT
CLTA NEWS
SACRAMENTO REPORT
INDUSTRY NEWS
COURT CASES
Early Sullivan Wright Gizer & McRae LLP
MESSAGE FROM THE PRESIDENT
It is truly a great honor and privilege to represent CLTA as this year's President.  It is with extreme deference to those who preceded me that I embark on this journey. ...
 
CLTA NEWS
A Don't Miss Event.  The CLTA is looking forward to welcoming you to the 113th Annual Convention at the Park Hyatt Aviara located north of San Diego in beautiful Carlsbad, California.  Mark your calendar for April 26-28, 2020.  Your support of the title industry is sincerely appreciated by all CLTA members. ...
 
Data Trace Union Bank
SACRAMENTO REPORT
Assembly Bill 874 (Irwin), supported by the CLTA, passed the Senate Judiciary Committee last week. The bill redefines "publicly available" in the California Consumer Privacy Act to mean information that is lawfully made available from federal, state, or local records and deletes ...
 
Assembly Bill 295 (Daly), sponsored by the CLTA, forestalls potentially very negative financial consequences to underwritten title companies (UTCs) because of new Financial Accounting Standards Board (FASB) rules which phase in between ...
 
Assembly Bill 217 (Burke) proposes modified California conformity with federal tax law changes regarding tax-deferred exchanges. The amended federal law excludes the recognition of any gain or loss on the exchange of real property held for ...
 
The California Supreme Court in the Dynamex case set out a 3-part test to determine whether workers are employees or independent contractors. Unless all three conditions are met ...
 
Senate Bill 292 (Rubio) was amended on June 17th to create the Prepared California Disaster Mitigation Fund for purposes of disaster mitigation. The bill would impose a $12 annual assessment on all residential property insurance policies ...
 
Petru Corporation
INDUSTRY NEWS
President Trump last month signed the Blue Water Navy Vietnam Veterans Act to allow the Department of Veterans Affairs to guarantee VA loans above the general conforming loan limits. This is especially beneficial in states ...
 
Silicon Valley startup Propy, with blockchain software, has a new investment from the National Association of Realtors tech investment fund, Second Century Ventures. Propy real estate software aims to automate real estate transactions and allows ...
 
24/7 Wall Street reported that California leads the nation in average mortgage debt while it has the second lowest homeownership rate. ...
 
A Bel Air mansion, which reportedly had a 20% price reduction from $245 million to $195 million, is the most expensive listing in Southern California. The listing is represented as the finest ...
 
Freddie Mac’s Primary Mortgage Market Survey® (PMMS®), released last week, showed that after declining for most of the year, mortgage rates remained mostly unchanged. ...
 
Radian Group Inc. announced that EnTitle Insurance Company has been renamed Radian Title Insurance Inc. Radian acquired the company in 2018 and stated that its new name is consistent with ...
 
SoftPro
COURT CASES
Eisen v. Tavangarian (B278271).  The court held that CC&R's affecting a residential subdivision did not restrict renovations or alterations to a previously approved residence. The section of the CC&R's that did apply ...
 
Raney v. Cerkueira (A152549). Civil Code Section 683.2(c) provides that a written instrument severing a joint tenancy is not effective to eliminate the other tenant's right of survivorship unless it is recorded before the death of the ...
 
 

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