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April 2022
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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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The CLTA is pleased to welcome one new title insurance company and one new underwritten title company as Regular member of the association. ...
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The CLTA, in its capacity as an advisory organization pursuant to Section 12402 – 12402.2 of the Insurance Code, has made this form filing on behalf of its member companies. The following forms have an effective date of April 9, 2022. ...
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CLTA is pleased to release its newest CLTA Titlecast, “New Cases 2021,” CLTA's annual new cases update. CLTA Titlecast episodes are on-demand educational ...
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The CLTA has joined other insurance trade associations in opposing Assembly Bill 1694 (Levine), which would require insurers in California to report investments in and underwriting of any fossil fuel related companies ...
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Assembly Bill 1771 (Ward) would enact the California Housing Speculation Act for taxable years beginning on or after January 1, 2023. The bill would impose an additional 25% tax on that portion of a qualified taxpayer’s net ...
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Assembly Bill 2381 (Daly) would establish an address confidentiality program for code enforcement officers similar to an existing program maintained by the Secretary of State for victims of domestic violence and ...
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Senate Bill 463 (Dahle) authorizes a landowner, where a conduit is constructed across or buried beneath the lands of two or more landowners, to modify, repair, or replace the conduit on or beneath their land if the ...
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Senate Bill 975 (Min) would create a right of action that would allow an alleged debtor to bring an action or a claim against an alleged creditor to establish that the alleged creditor’s claim arises from a coerced debt ...
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California Attorney General Rob Bonta has notified the City of Pasadena that its urgency ordinance restricting implementation of Senate Bill 9 (Atkins) violates state law. The law, which went into effect on ...
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Senate Bill 1323 (Archuleta) would change the way properties in foreclosure are sold. The bill requires that an equity sale, based on an appraisal, of property under a power of sale of a mortgage or deed of trust ...
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Sacramento-based Lucas Public Affairs reported that 39 incumbents in the California Legislature, faced with term limits and newly drawn district lines, have either termed out or indicated that they will resign, retire, or run for ...
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The California Department of Housing and Community Development (HCD) announced it has received an additional $136 million from the U.S. Treasury (Treasury) to provide additional rent and utility assistance to low-income ...
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Comments are due by the end April on a HUD proposed rule that would increase the maximum term limit on FHA loan modifications from 360 to 480 months. The modification extension is designed to help borrowers who ...
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Californians for Homeownership, a nonprofit organization sponsored by the C.A.R. that aims to address California’s housing crisis through impact litigation, filed lawsuits against two Southern California cities under ...
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The American Land Title Association (ALTA), the national trade association of the land title insurance industry, announced that it will be the sole provider of title and settlement data for the MISMO e-Eligibility Exchange, powered ...
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Mortgage Rates Hit 5% - Highest in Over a Decade Last week the Primary Mortgage Market Survey® (PMMS®), conducted by Freddie Mac, showed the 30-year fixed-rate mortgage (FRM) averaging 5.00 percent. ...
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