California Land Title Association eNews

California Land Title Association.

Fennemore Wendel
Early Sullivan Wright Gizer & McRae LLP
CLTA NEWS
CLTA is pleased to release its latest Titlecast, Episode 25 – The Forensics of Wire Fraud. This 20-minute episode reminds you that wire fraud is not going away soon and the important of staying vigilant and paying attention in the electronic domain...
 
Garrett & Tully, A Professional Corporation
SACRAMENTO REPORT
Two bills proposing a prohibition on the recording of long-term listing agreements have been introduced in the California legislature: Assembly Bill 1242 (Wilson) and Assembly Bill 1345 (Hart) ...
 
Assembly Bill 288 (Maienschein) makes several changes related to Transfer on Death Deeds (TODDs). The bill eliminates the current exception in the law against using a TODD when the property is a stock cooperative. Instead ...
 
Senate Bill 278 (Dodd) amends that the Elder Abuse and Dependent Adult Civil Protection Act. The Act defines and prohibits financial elder abuse when the taking of an elder person’s property is done for a wrongful use or with an ...
 
Assembly Bill 968 (Grayson) would expand existing seller disclosure requirements to require the seller of a single-family residential property that was purchased by the seller in the previous 12 months to disclosure all ...
 
Assembly Bill 362 (Lee) would commission a study on a land value tax to replace the existing property tax system. The California Constitution provides that all property is taxable, and requires that it be assessed at...
 
California Attorney General Rob Bonta, Governor Gavin Newsom, and the California Department of Housing and Community Development (HCD) sued the City of Huntington Beach for violating state housing laws. The Huntington Beach City Council has declined to ...
 
Petru Corporation
INDUSTRY NEWS

CLTA Continues to Support RON Legislation in California.  

 

The U.S. House of Representatives passed the SECURE Notarization Act of 2023 (SECURE) on Feb. 27 by a voice vote. The Act has received the support of the ...

 
The American Land Title Association (ALTA) provided comments to the Financial Crimes Enforcement Network (FinCEN) regarding FinCEN’s notice of proposed rulemaking (NPRM) regarding beneficial ownership information (BOI) access and ...
 
Fannie Mae is reportedly considering a pilot program that grants certain mortgage lenders a waiver on title insurance requirements for loans sold to Fannie Mae. This would be in place of traditional title insurance. ...
 
The Federal Trade Commission voted 4-0 last Thursday to sue to block Intercontinental Exchange Inc. (ICE) from completing its acquisition of Black Knight Inc. on the basis homebuyers would suffer if there are higher prices ...
 
Last Thursday Freddie Mac released the results of its Primary Mortgage Market Survey®(PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.60 percent. ...
 
Fannie Mae has issued an update to its Selling Guide to transition to a range of options for valuation. Fannie Mae notes that it is moving away from implying that an appraisal is a default requirement and that it is using ...
 
SoftPro