CLTA News Express
2012/2013 News Express (July 1, 2012 - June 30, 2013)
CLTA is pleased to offer: Bankruptcy 2013, a 1.5-hour live webinar delivered to your desktop on Tuesday, April 9, 2013 from 10:00am - 11:30am. Participants requesting MCLE will receive 1.5 CE credit for participating in the webinar. ...
Bulletin 12/13-78 - March 7, 2013
Announcing CLTA's New Online User Portal…INCLUDING Online Convention Registration
The CLTA is proud to announce its new “Online User Portal”. The brand new service, which is accessible via a password protected portal on the CLTA website, streamlines many CLTA member functions and provides individuals with...
Bulletin 12/13-71 - February 25, 2013
Legislation imposing a $75 recording fee to fund affordable housing has been introduced in the Legislature. Senate Bill 391 (DeSaulnier) makes extensive legislative findings about the need to establish permanent, ongoing sources of funding dedicated to affordable housing development. ...
Bulletin 12/13-70 - February 22, 2013
CLTA Publishes 2012 Edition of the Annual Summary of Legislation
The California Land Title Association is releasing its annual Summary of Legislation in a high-resolution electronic format, complete with live hyperlinks to chaptered bill text and exclusive web content. ...
Bulletin 12/13-56 - December 10, 2012
CLTA Convention Sponsorship Packages and Enhancement Opportunities Now Available!
The CLTA will host its 106th Annual Convention at the Ritz Carlton Half Moon Bay in Half Moon Bay, California (April 28-30, 2013). We are excited to invite your company to be a sponsor at CLTA’s upcoming Annual Convention where the largest gathering of California’s title insurance industry will meet together in Half Moon Bay.
Bulletin 12/13-55 - December 7, 2012
Lenders Begin Postponing Third-Party Certification Requirements
In the wake of continued advocacy on the part of ALTA and the title industry both as a whole and on an individual company basis, some warehouse lenders have put a hold on requirements that settlement agents be vetted by January 1st, 2013, in order to continue receiving their business. ... Bulletin 12/13-54 - November 16, 2012
Federal Mortgage Lenders Ease Short Sale Guidelines
Short sales involving home loans guaranteed by federal mortgage lenders Fannie Mae and Freddie Mac will now be simplified under new rules that went into effect November 1st. The rules attempt to ... Bulletin 12/13-52 - November 15, 2012
Live Webinar: New Laws/New Cases 2012
CLTA is pleased to offer: CLTA's New Laws/New Cases 2012, a 1.5-hour live webinar delivered to your desktop on Tuesday, December 11, 2012 from 2:00pm - 3:30pm. Participants requesting MCLE will receive 1.5 CE credit for participating in the webinar. ... Bulletin 12/13-51 - November 13, 2012
CLTA Comments on Proposed Integrated Mortgage Disclosure Rule
The CLTA submitted comments to the Consumer Financial Protection Bureau on the proposed Closing Disclosure Form that will directly affect CLTA members. The CLTA supported the proposed alternative ... Bulletin 12/13-50 - November 8, 2012
Northern California PREP to Hold Meeting on October 23, 2012
The Northern California chapter of the Property Records Education Partners (PREP) has scheduled a meeting for October 23, 2012, at the Santa Clara county offices in San Jose. Additional information on the meeting can be viewed in the meeting agenda and registration form. ... Bulletin 12/13-38 - October 11, 2012
Howard Jarvis Taxpayers Association Files Suit Claiming Fire Prevention Fees as Unconstitutional
On October 4th the Howard Jarvis Taxpayers Association (HJTA) filed a class action suit against the California Department of Forestry and Fire Protection and California Board of Equalization declaring that ... Bulletin 12/13-37 - October 10, 2012
Live Webinar: The Proposed CFPB Mortgage Disclosure Forms, A California Perspective
CLTA is pleased to offer: The Proposed CFPB Mortgage Disclosure Forms, A California Perspective, a one-hour and fifteen minute live webinar delivered to your desktop on Thursday, October 25, 2012 from 2:00pm - 3:15pm. Participants requesting MCLE will receive 1.0 CE credit for attending the webinar.
Bulletin 12/13-32 - October 1, 2012
On September 13, CLTA hosted a teleconference call of the UTC Section to discuss recent notices and/or perceived mandates to subscribe to specific third party vendors in order to “vet” their employees. These notices indicate ...
Bulletin 12/13-31 - September 14, 2012
ALJ Ruling Could Invalidate CDI Fines Invoked Under the Fair Claims Settlement Practices Regulations
According to a recent decision by a California administrative law judge, Insurance companies in California could find that they are no longer liable for large penalties and fines imposed by the California Department of Insurance for violations of ...
Bulletin 12/13-30 - September 14, 2012
CLTA Joins Group in Responding to FHFA Request for Eminent Domain Comments
After joining a number of banking, securities, and housing groups objecting to a Joint Powers Agreement contemplating the use of eminent domain to seize troubled mortgages from investors in San Bernardino, the California Land Title Association has continued its opposition by ... Bulletin 12/13-27 - September 10, 2012
Recently, a number of title companies in California and across the nation have been contacted by a company called “Secured Settlements, Inc” (SSI) soliciting them to use their service of ... Bulletin 12/13-26 - September 4, 2012
CalFire Begins Process of Assessing Fire Fees as part of Budget Legislation Passed Last Year
The State Legislature last year passed fire fee legislation as part of a last-minute budget compromise. The legislation, AB X1 29, was passed with less than a 2/3 vote. The legislation permitted assessing ... Bulletin 12/13-25 - August 30, 2012
Bulk Sales Law Changes Being Removed from Senate Bill 12
The California Escrow Association is reporting that SB 12 (Corbett), a bill originally intended to make changes to the bulk sales law, will be amended to remove all provisions relating to bulk sales. ... Bulletin 12/13-19 - August 19, 2012
Southern California PREP to Hold Meeting on September 12, 2012
The Southern California chapter of the Property Records Education Partners (PREP) has scheduled a meeting for September 12, 2012, at the First American corporate offices in Santa Ana. ... (Bulletin 12/13-18 - August 7, 2012)
ALTA Releases Analysis Highlighting Effects of CFPB's 1,100-page Proposed Rule
Michelle Korsmo, CEO for the American Land Title Association, earlier this week released an update to ALTA members on the contents of the Consumer Financial Protection Bureau’s newly proposed rule. The highlights of that analysis are ...
Bulletin 12/13-9 - July 18, 2012
CFPB Releases Proposed Regulations and Mortgage Disclosure Forms
The Consumer Financial Protection Bureau (CFPB) on Monday released a Proposed Rule to integrate mortgage disclosures required under ...
(Bulletin 12/13-5 - July 11, 2012)
CLTA Joins Group Opposing Eminent Domain for Mortgages
The CLTA joined banking, securities, and housing groups objecting to a Joint Powers Agreement contemplating the use of eminent domain to seize troubled mortgages from investors in an effort to help homeowners... ( Bulletin 12/13-4 - July 2, 2012)
Foreclosure Legislation Passes
The CLTA, along with a number of financial trade organizations, including the California Bankers Association, California Association of Realtors, and California Mortgage Bankers Association, opposed legislation to ...
(Bulletin 12/13-3 - July 2, 2012)
2011/2012 News Express (July 1, 2011 - June 30, 2012)
Urgency Legislation on Redevelopment Agencies Signed
An urgency bill to address numerous issues related to the dissolution of redevelopment agencies (RDAs) was signed by the Governor on June 27th. Assembly Bill 1484 (Chapter 26) addresses ...(Bulletin 11/12-126 - June 29, 2012)
U.S. Supreme Court Dismisses First American v. Edwards – Courtesy of ALTA News
The U.S. Supreme Court on June 28 dismissed the First American Financial Corp. v Edwards lawsuit, which was addressing if consumers can bring class action lawsuits under the Real Estate Settlement Procedures Act (RESPA) even if they never suffered some actual injury. ... (Bulletin 11/12-125 - June 28, 2012)
CLTA Revises Title Consumer Brochure – Common Ways of Holding Title
CLTA’s Title Consumer brochure, Common Ways of Holding Title, has been updated to reflect changes in statutory law and bring it up to date with ...
(Bulletin 11/12-123 - June 21, 2012)
CLTA Partners with ALTA for Online Education
The California Land Title Association has partnered with the American Land Title Association to offer online courses on the basics of title to its members at a discounted rate! (Bulletin 11/12-118 - June 19, 2012)
Legislation Set to Erode Access to Public Records Held in Committee
Assemblyman Mike Feuer introduced AB 2299 after an anonymous Internet group allegedly publicized the home addresses of members of the ...
(Bulletin 11/12-121 - June 14, 2012)
A Live Webinar: CLTA’s Revised Trustee’s Sale Guarantee – aka Guarantee Form No. 22
CLTA is pleased to offer: CLTA’s Revised Trustee’s Sale Guarantee – aka Guarantee Form No. 22, a one-hour, live webinar delivered to your desktop on July 12, 2012 from 12:00pm - 1:00pm! ...
(Bulletin 11/12-114 - June 5, 2012)
Homeowner Bill of Rights Legislation Being Crafted Behind Closed Doors
The CLTA has been making its concerns known on the Homeowner Bill of Rights Bills and has proposed several changes to the legislation to protect the title industry and lenders in California. In an extremely unusual move ...
(Bulletin 11/12-115 - June 5, 2012)
Legislation imposing a $75 fee whenever a person records a real estate instrument failed passage on the floor of the Senate. Senate Bill 1220 (DeSaulnier) would have covered a variety of recordings including... (Bulletin 11/12-114 - June 5, 2012)
Lifetime TV to Feature Title Industry
ALTA has partnered with Lifetime's Designing Spaces TV show to explain to consumers the value of title insurance and the closing process. The five-minute segment titled "Protecting Your Best Investment: Knowledge is Power”, features ...
(Bulletin 11/12-101 - April 25, 2012)
Foreclosure Conference Committee to By-Pass Traditional Legislative Committee Hearings
Senate and Assembly Democratic leaders announced the formation of a Conference Committee to address foreclosure issues and homeowner protections in the wake of the foreclosure settlement ... (Bulletin 11/12-100 - April 25, 2012)
CLTA’s 105th Annual Convention - Early-Bird Deadline Approaching
St Regis Monarch Beach, Laguna Beach, CA – May 14-16, 2012
Register Now – Space Limited!
The California Land Title Association’s 105th Annual Convention is just around the corner and registration materials have been sent to all members. Don’t delay in registering, as space is limited ... (Bulletin 11/12-93 - April 5, 2012)
First American’s Donald Kennedy, Former CLTA President Passes Away
First American Financial Corp., a global provider of title insurance and settlement services for real estate transactions, yesterday announced that its Chairman Emeritus Donald P. Kennedy passed away on March 24 at the age of 93. During his career with First American .... (Bulletin 11/12-91 - March 29, 2012)
Former CLTA President Chuck Bennett Loses His Battle with Illness
Charles (Chuck) W. Bennett, Past President of the CLTA from 2004 – 2005, recently lost his battle with a long illness on March 18th. He was 69 years old.
Chuck served ... (Bulletin 11/12-89 - March 21, 2012)
Treasury Department to Hold Short Sales Workshops in California
The U.S. Treasury Department is hosting two Short Sales Workshops in California this March. The events ... (Bulletin 11/12-84 - March 6, 2012)
CLTA's 105th Annual Convention - Register Now!
The California Land Title Association’s 105th Annual Convention being held May 14-16, 2012 is just around the corner. Registration materials have been sent to all members. ... (Bulletin 11/12-82 - March 1, 2012)
Attorney General and Democratic Leaders Unveil California Homeowner Bill of Rights Legislation
Attorney General Kamala D. Harris joined with Senate President pro Tem Darrell Steinberg and Assembly Speaker John A. Pérez to announce the California Homeowner Bill of Rights. The CLTA is undertaking a comprehensive review of the proposal. The six bill ... (Bulletin 11/12-81 - March 1, 2012)
CLTA Webinar Update: Mechanics Liens, Part 1 - RESCHEDULED
To better serve our intended audience, we have rescheduled Part 1 of the CLTA webinar entitled: Mechanics’ Liens – a Live Two-Part Webinar, to Wednesday, March 21, 2012. Part 2 of the webinar will remain on April 18, 2012 as previously scheduled. ... (Bulletin 11/12-80 - February 27, 2012)
Change of Ownership Penalties Now Effective: The maximum penalties for failing to file a change of ownership statement within 90 days after a written
Clearing Title before Foreclosure Proposed: The San Francisco Chronicle reports that San Francisco Assessor-Record Phil Ting wants legislation to ...
(Bulletin 11/12-79 - February 22, 2012)
Mechanics' Liens - A Live Two-Part Webinar
CLTA is pleased to offer: Mechanics’ Liens – a Live Two-Part Webinar, delivered to your office on February 29, 2012 (Part 1) and April 18, 2012 (Part 2)! ...
(Bulletin 11/12-75 - February 8, 2012)
CLTA Announces Formation of "CLTA Young Professionals Group"
Welcoming Conference Call to be Held Feb. 9th at 9:00am
CLTA President Joseph McCabe, along with the support of the CLTA Board of Governors, is creating a new group within CLTA called the “CLTA Young Professionals Group”. This group ... (Bulletin 11/12-73 - January 31, 2012)
The California Supreme Court Upholds Major Redevelopment Law
The California Supreme Court upheld Assembly Bill 1X 26 (Blumenfield) eliminating redevelopment agencies and thus allowing the revenue that would have gone to ...
(Bulletin 11/12-65 - December 29, 2011)
FHA Extends Waiver of Anti-Flipping Regulations Through 2012
In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity ...
(Bulletin 11/12-64 - December 29, 2011)
CLTA Publishes 2011 Edition of the Annual Summary of Legislation
The California Land Title Association is releasing its annual Summary of Legislation in a high-resolution electronic format, complete with live hyperlinks to chaptered bill text and exclusive web content. ... ( Bulletin 11/12-62 - December 16, 2011)
CLTA Convention Sponsorship Opportunities Now Available!
The CLTA will host its 105th Annual Convention at the St. Regis Monarch Beach in Laguna Beach, California (May 14-16, 2012) We are excited to invite your company to be a sponsor at CLTA’s upcoming 105th Annual Convention where the largest gathering of California’s title insurance industry will meet ...
(Bulletin 11/12-50 - December 13, 2011)
City of Pacifica Adopts Point of Sale Sewer Certificate
The City of Pacifica recently adopted a new ordinance requiring property owners to obtain a “Sewer Lateral Compliance Certificate” prior to transferring ownership. The City of Pacifica will begin enforcement on January 1, 2012. ...
(Bulletin 11/12-57 - December 8, 2011)
CLTA is pleased to announce that Freddie Mac has agreed to revise its requirements relating to their short sale form “Arm’s Length Transaction Affidavit.” In short ...
(Bulletin 11/12-51 - November 21, 2011)
PREP has announced the time and location for their annual in-person meeting for Wednesday, December 7th, 2011, at the Hyatt Regency in Sacramento, CA ...
(Bulletin 11/12-52 - November 17, 2011)
CLTA & ALTA Issue Grass Roots Action Alert on FHA Proposed Loan Limits
On September 30, 2011, loan limits for FHA and Fannie Mae and Freddie Mac loans fell from a maximum of $729,750 to $625,500. This change affected ...
(Bulletin 11/12-45 - October 19, 2011)
Governor Brown Signs Anti-Discrimination Bill
Governor Brown signed a bill into law on Sunday that expands prohibited discrimination under the Unruh Civil Rights Act and the Fair Employment and Housing Act. ... (Bulletin 11/12-41 - October 13, 2011)
Bay Area Regional Property Records Education Partners (PREP) Conference on October 26, 2011
Marin County is hosting the Northern California PREP Regional Conference on Wednesday, October 26, 2011, at the Marin Health and Wellness Campus Connection Center, San Rafael, California. ... (Bulletin 11/12-31 - October 4, 2011)
Legislature Imposes Questionable Emergency Fee for Fire Zones
As part of a last-minute budget fix, the California Democratic Leadership passed controversial legislation that will become effective on September 1, 2011. AB X1 29, signed by the Governor in July, will assess ... (Bulletin 11/12-24 - August 30, 2011)
EBMUD Responds to Title & Escrow Comments on PSL Oridincance by Revising Guidelines
CLTA is happy to announce that the East Bay Municipal Utilities District (EBMUD), in response to title and escrow industry comments and input, has substantially revised ... ( Bulletin 11/12-20 - August 23, 2011)
As you may be aware, the proposed East Bay Municipal Utility District (EBMUD) created a proposed ordinance that would affect a number of cities and areas by...
Bulletin 11/12-15 - July 29, 2011
Holding Company Act Revisions Planned
The NAIC recently updated the NAIC Insurance Holding Company System Regulatory Model Act. The staff ... (Bulletin 11/12-12 - July 25, 2011)
Short Sale Law Effective Immediately
No Fee to Approve Short Sales and Short Sale Law Now Applies to Junior Loans
Governor Brown has signed Senate Bill 458 (Corbett) expanding anti-deficiency protection to all 1-4 residential mortgages or deeds of trust where ...
(Bulletin 11/12-11 - July 25, 2011)
Elimination of Redevelopment Agencies May Create Potential Title Problems in California
On June 29th, the Governor signed into law two bills eliminating many redevelopment agencies in California. Those two bills are ...
(Bulletin 11/12-09 - July 20, 2011)
Property Records Education Partners (PREP) Holding Breakfast Program in Santa Ana September 14, 2011
PREP has announced a breakfast program to be held on Wednesday, September 14th, 2011, at the First American Campus in Santa Ana, CA. Please see ...
(Bulletin 11/12-03 - July 11, 2011)
2010/2011 News Express (July 1, 2010 - June 30, 2011)
Superpriority Lien Bill Amended because of Pressure from CLTA and Lenders
CLTA was recently successful in having AB 1090 amended to delete the "superlien" provision in the bill. That lien provision would have created a dangerous ...
(Bulletin 10/11-97 - May 31, 2011)
Anti-MERS Legislation Held in Committee, Becomes Two-Year Bill
On May 3rd, CLTA helped to kill AB 1321 (Wieckowski) in the Assembly Judiciary Committee. As part of a larger coalition involving MERS and lenders, CLTA helped
... (Bulletin 10/11-87 - May 5, 2011)
Lending and Title Industry Kill Several Mortgage and Foreclosure Bills in California State Assembly
A group of mortgage bills strongly opposed by a coalition of lenders, real estate industry associations and CLTA failed passage in the Assembly Banking committee on Monday. Two were voted down ... (Bulletin 10/11-85 - April 28, 2011)
CLTA's 104th Annual Convention
Register Now -- Space Limited!
The California Land Title Association’s 104th Annual Convention, May 22-24, 2011, is just around the corner and registration materials have been sent ...
Bulletin 10/11-69 - March 22, 2011
Short Sales - a Live Two-Part Webinar
CLTA and CEA are pleased to offer: Short Sales! A live, two-part webinar, delivered to your desktop on April 12 and April 19, 2011! ...
(Bulletin 10/11-70 - March 4, 2011)
California Court Rules for MERS
On February 18th the California Court of Appeal in San Diego ruled that a borrower cannot challenge a foreclosure action commenced by MERS to determine ...
(Bulletin 10/11-68 - February 28, 2011)
CLTA Publishes 2010 Edition of the Annual Summary of Legislation
The California Land Title Association is releasing its annual Summary of Legislation in a high-resolution electronic format ... (Bulletin 10/11-54 - December 10, 2010)
CLTA Convention Sponsorship Opportunities Now Available!
The CLTA will host its 104th Annual Convention at the Silverado Resort in Napa, CA (May 22-24, 2011). We are excited to invite your company to be a sponsor at CLTA's upcoming Annual Convention ... (Bulletin 10/11-50 - December 9, 2010)
Outgoing Insurance Commissioner Poizner Highlights his Accomplishments
Outgoing Insurance Commissioner Steve Poizner issued a press release this week highlighting his successes during his tenure as Insurance Commissioner of California. Listed among them was ... (Bulletin 10/11-53 - December 9, 2010)
Federal Legislation Would End MERS
The Washington Post reported that Rep. Marcy Kaptur (D-OH) is asking the Department of Housing and Urban Development to study how a federal land title system could operate to protect ... (Bulletin 10/11-52 - December 3, 2010)
Dave Jones wins General Election Race for California Insurance Commissioner
Democratic candidate for California Insurance Commissioner Dave Jones handed his Republican opponent ... Bulletin 10/11-44 - November 3, 2010
Office of Administrative Law Rejects CDI Loss Indemnity Regulations
The Office of Administrative Law (OAL) disapproved the California Department of Insurance’s (CDI) proposed loss indemnity regulations on Monday, October 4th. The reason cited was ... (Bulletin 10/11-34 - October 12, 2010)
Last Chance to Advertise in CLTA’s 2011 Membership Directory
The opportunity to advertise your company in CLTA’s 2011 Membership Directory is soon coming to an end. More than ... (Bulletin 10/11-33 - October 6, 2010)
Governor Vetoes Super Lien Bill Opposed by CLTA
Governor Schwarzenegger has vetoed Assembly Bill 1718 on real property tax postponement as requested by the CLTA and ...
(Bulletin 10/11-30 - September 20, 2010)
Franchise Tax Board to Cease First-Time Buyer Tax Credit Program on
August 15, 2010
The Franchise Tax Board (FTB) announced today that it will stop accepting applications for the First-Time Buyer Credit at ...
(Bulletin 10/11-13 - August 6, 2010)
California Attorney General Seeks Injunction against Federal Mortgage Lenders
California State Attorney General Jerry Brown is suing the federal housing agencies, asking a judge to stop government-sponsored entities from blocking a program ...
(Bulletin 10/11-8 - July 21, 2010)
2009/2010 News Express (July 1, 2009 - June 30, 2010)
Republican Nomination for Insurance Commissioner in Doubt as Uncounted Ballots Loom
In the days since the June primary, the race for the Republican nomination for Insurance Commissioner to face off against ... (Bulletin 09/10-102 - June 18, 2010)
Primary Night Brings some Surprises and Upsets
On June 8th, voters cast ballots resulting in some upsets and interesting results. ...
(Bulletin 09/10-98 - June 9, 2010)
FTB Homebuyer’s Tax Credit Forms Changed
The Franchise Tax Board form for the homebuyer’s tax credit has been changed to indicate that Seller information is no longer required for the First-Time Buyer Credit for existing homes. This change ... (Bulletin 09/10-94 - May 28, 2010)
CLTA’s 103rd Annual Convention
Four Seasons Aviara, Carlsbad, CA – May 23-25, 2010
Register Now – Space Limited!
The California Land Title Association’s 103rd Annual Convention is just around the corner and registration materials have been sent to all members. Don’t delay in registering, as space is limited ... (Bulletin 09/10-82 - April 6, 2010)
C.A.R. Releases Final Drafts of Purchase Agreement Documents
The California Association of Realtors has released final drafts of its revised Purchase Agreement documents. The forms are to go into use in late April without further ... (Bulletin 09/10-68 - March 2, 2010)
How the New RESPA Rules & Forms Affect California - Webinar Recording Now Available
This recorded webinar provides individuals an additional chance to be educated on the new HUD regulations, specifically preparation of the HUD-1 and GFE. In the 1 ½ hour presentation recorded on ... (Bulletin 09/10-63 - February 3, 2010)
For the first time, members of the California Land Title Association can now receive a 20% discount on all continuing education courses offered through Lorman Education Services... (Bulletin 09/10-60 - January 20, 2010)
CLTA Publishes 2009 Edition of Annual Summary of Legislation
The California Land Title Association is releasing its annual Summary of Legislation in a high-resolution electronic format, complete with ...
(Bulletin 09/10-53 - December 14, 2009)
CLTA / CEA Partnership Continues
Once again the CLTA and the California Escrow Association (CEA) have successfully partnered as allies in Sacramento political battles. Grassroots CEA involvement was key in the veto of legislation to allow Matricula Consular cards as identification in escrow. ... ( Bulletin 09/10-51 - December 8, 2009)
CLTA's 103rd Annual Convention
Sponsorship Opportunities Available Now!
The CLTA’s 103rd Annual Convention at the Four Seasons Resort Aviara in San Diego (May 23-25, 2010) is quickly approaching, and you, a valued CLTA member, are invited to sponsor ... (Bulletin 09/10-50 - December 8, 2009)
Governor Vetoes Restrictive Covenant and Matricula Consular Bills, Signs Buyer’s Choice Act
AB 985 (De La Torre) was vetoed by the Governor over the weekend. If the bill had been signed into law, it would have ... (Bulletin 09/10-35 - October 12, 2009)
Urge Congress and President Obama to Support $15,000 Home Buyer Tax Credit - Help Support the ALTA’s Grassroots Effort
ALTA issued a Grassroots Action Alert last month asking you to write Congress and the President to urge support for a $15,000 unrestricted tax credit. ...
(Bulletin 09/10 - 31 – September 29, 2009)
The California Department of Insurance (CDI) posted the forms and filing instructions used to complete the California Title Insurance Statistical Plan ... (Bulletin 09/10-32 - September 24, 2009)
New Legislation Creates a New Use Tax Registration Process
New legislation, Assembly Bill x4 18 (Stats. 2009, Ch. 16), added section 6225 of the Revenue and Taxation Code which requires ... (Bulletin 09/10-27 - September 24, 2009)
Last Call For Advertising in CLTA Annual Membership Directory
The opportunity to advertise your company in CLTA’s 2010 Membership Directory is soon coming to an end. ... (Bulletin 09/10-30 - September 22, 2009)
Workshop on Draft Regulations for Disclosing Non-residential Building Energy Performance
The Efficiency Committee of the California Energy Commission conducted a workshop ... (Bulletin 0910-25 - September 1, 2009)
Governor Signs Important Legislation
New Mechanics’ Liens Requirements and Short Pay Demand Statements
The Governor has signed ... (Bulletin 09/10-23 - August 25, 2009)
Help Support the ALTA’s Grassroots Effort on Homebuyer Tax Credits
Write to the President and your Representatives in minutes!
The CLTA strongly encourages all title company employees to take a few moments and use the ALTA’s automated Grassroots website to ...
(Bulletin 09/10-10 - July 8, 2009)
CLTA Takes the Lead in Sidelining BIll Requiring Riders on Deeds of Trust
A coalition led by the CLTA has temporarily sidelined a bill that would have required the attachment of a rider to deeds of trust. The rider would contain a laundry list of ... (Bulletin 09/10-4 - July 1, 2009)
2008/2009 News Express (July 1, 2008 - June 30, 2009)
Property Records Industry Association (PRIA) to hold Annual Conference
CLTA Members Eligible for Registration Discount;
Early-Bird Rate and Room Block Expires June 17th
The Property Records Industry Association is holding its 2009 Annual Conference at the Davenport Hotel and Tower in Spokane, WA, July 11-13. CLTA members are invited to take advantage of discounted ... (Bulletin 08/09-136 - June 11, 2009)
Department of Insurance Announces Second Enforcement Action Under SB 133
Earlier today, Department of Insurance Commissioner Steve Poizner announced the second enforcement action under the new title insurance law. The actions ... (Bulletin 08/09-134 - June 5, 2009)
Department of Insurance Announces First Enforcement Actions Under SB 133
Earlier today, Department of Insurance Commissioner Steve Poizner announced the “first enforcement actions” under the “new title insurance law.” The actions taken by the Department ... (Bulletin 08/09-130 - June 1, 2009)
PREP has announced a conference to be held on Wednesday, May 13th, 2009, in Sacramento, CA. Please see ... (Bulletin 08/09-122 - May 5, 2009)
CLTA’s 102nd Annual Convention -
Quail Lodge, Carmel, CA –
May 17, 18 & 19, 2009
The California Land Title Association’s 102nd Annual Convention is just around the corner and the registration materials have been sent to all members. Don’t delay in registering, as space is limited at the ...
To the Sponsors of CLTA’s 102nd Annual Convention
Important Opportunities… Don’t Miss Out!
The California Land Title Association’s 102nd Annual Convention is just around the corner and the CLTA staff would like to remind you of some important opportunities available to sponsors this year. .... (Bulletin 08/09-108 - March 31, 2009)
Breaking News - FTB Posts Forms for Tax Credit for New Homes
The Franchise Tax Board just posted on its website the new forms required to be faxed to the FTB by sellers to obtain the tax credit for the purchase of a newly ...
(Bulletin 08/09-93 - February 27, 2009)
Legislation Introduced to Target Choice in Title and Escrow Services
Legislation to enact the “Buyer's Choice Act” has been introduced in California The bill, Assembly Bill 957 by Assembly Member Galgiani, would prohibit seller ...
(Bulletin 08/09-92 - February 27, 2009)
Escrow Alert: California Tax Credits Available to New-Home Buyers on a First Come First Serve Basis
Governor Schwarzenegger signed a new law on February 20, 2009 to provide for a tax credit of up to $10,000 for the purchase of ...
(Bulletin 08/09-91 - February 27, 2009)
New Law Extends Foreclosure Time Frames
Major legislation extending the foreclosure period by 90 days was signed ...
(Bulletin 08/09-89 - February 26, 2009)
CLTA Publishes 2008 Edition of Annual Summary of Legislation
The California Land Title Association is releasing its annual Summary of Legislation in a high-resolution electronic format, complete with ...
(Bulletin 08/09-65 - December 16, 2008)
CLTA's 102nd Annual Convention
Sponsorship Opportunities Available Now!
The CLTA’s 102nd Annual Convention at the Quail Lodge in Carmel, CA (May 17-19, 2009) is quickly approaching, and ...
(Bulletin 08/09-64 - December 15, 2008)
Title Marketing Rep. Online Application Now Available
Department Launches Site Allowing Applications for Certificate of Registration
The Department of Insurance website accepting applications for Title Marketing Representative Certificates of Registration, available ...
(Bulletin 08/09-62 - December 5, 2008)
CLTA Releases New SB 133 Informational Materials
Since the passage of SB 133, the California Land Title Association (CLTA) has developed a number of helpful documents, manuals, and brochures to assist CLTA member companies through this transitional phase. Enclosed are links to...
(Bulletin 08/09-58 - November 20, 2008)
CLTA's-102nd Annual Convention - Mark Your Calendar for May 17-19, 2009
Escape with us May 17-19, 2009 to CLTA’s 102nd Annual Convention at the peaceful and serene Quail Lodge, located ...
(Bulletin 08/09-48 - October 21, 2008)
CLTA-Sponsored Title Marketing Reform Legislation Signed into Law
After a long stint in legislative limbo brought on by the state’s budget impasse, the CLTA-sponsored title marketing reform bill ...
(Bulletin 08/09-41 - September 25, 2008)
Solar Energy Contracts to be Recorded under New Legislation
Assembly Bill 2863 (Leno), a piece of legislation that will require ...
(Bulletin 08/09-38 - September 3, 2008)
CLTA's Title Insurance Marketing Law en route to Governor's Desk
Senate Bill 133 (Aanestad), a piece of CLTA-sponsored legislation intended to ...
(Bulletin 08/09-35 - August 26, 2008)
2009 Directory - Announcing New Format
The California Land Title Association is pleased to announce a new format for ...
(Bulletin 08/09-32 - August 21, 2008)
Green Building Standards Adopted
The California Building Standards Commission (CBSC) had adopted ...
(Bulletin 08/09-21 - August 12, 2008)
Attorney General Rules on Property Database Containing Public Official Information
The California Attorney General has issued an opinion that ...
(Bulletin 08/09-20 - August 7, 2008)
Californians to Vote on Mortgage Bonds for Veterans
Californians will be able to vote on a ballot measure this November that would ... (Bulletin 08/09-11 / July 21, 2008)
New Foreclosure Law (SB 1137) Effective Immediately
Select Provisions Delayed for 60 Days
As a result of the subprime loan market collapse, numerous bills were introduced this year in the California Legislature, including ... (Bulletin 08/09-9 / July 9, 2008)
California Tops Nation in Premiums Amid Growing Claims
California led the nation in title insurance premiums in 2007 with ...
(Bulletin 08/09-8 / July 9, 2008)
2007/2008 News Express (July 1, 2007 - June 30, 2008)
On June 10th State Controller John Chiang released his monthly report detailing ... (Bulletin 07/08-151 / June 19, 2008)
Secretary of State Proposes Changes to Filing Services
The Secretary of State is proposing amendments to ...
(Bulletin 07/08-150 - June 17, 2008)
California State Assembly Approves Major Subprime Lending Reform
The California State Assembly recently approved legislation billed as
...
(Bulletin 07/08-148 - June 3, 2008)
In order to underscore its commitment to protecting consumers’ rights and maintaining ethical business practices within the title industry... (Bulletin 07/08-141 - May 21, 2008)
The U.S. Department of Housing and Urban Development announced today ...
(Bulletin 07/08-136 - May 8, 2008)
ALTA Issues Action Alert on RESPA Reform
The Department of Housing and Urban Development (HUD) released ...
(Bulletin 07/08-128 - April 21, 2008)
PREP has announced a conference to be held on April 21, 2008 in San Diego, CA. PREP (Property Records Education Partners) is a national organization of County recorder’s, lenders, title, escrow ... (Bulletin 07/08-125 - April 15, 2008)
The CLTA and the Title Industry Lose a Past President and a Friend
The CLTA regrets to inform its members that our past CLTA President, R.W. “Butch” Cramer passed away on Thursday, February 21st after a courageous bout with pancreatic cancer. .... (Bulletin 07/08-102 - February 26, 2008)
CLTA's 101st Annual Convention April 27-29, 2008 at the Rancho Bernardo Inn, San Diego
Registration materials for the CLTA’s 101st Annual Convention, which is being held this year at the stunning Rancho Bernardo Inn just north of San Diego, have recently been distributed to all members. Don’t miss your chance ... (Bulletin 07/08-101 - February 25, 2008)
CLTA Active on 1031 Exchange Legislation
A bill to regulate 1031 exchange accommodators, SB 1007 (Machado), has won Senate approval on a 31-7 vote and will now be considered in the Assembly. The CLTA has been working with legislative staff as well as other groups on the details of the bill. (Bulletin 07/08-94 - January 31, 2008)
A consolidation of Internal Revenue Service offices in California has created the need for greater caution amongst title representatives when mailing notices to the IRS. (Bulletin 07/08-93 - January 29, 2008)
Legislature Releases Package of Bills Responding to Mortgage Crisis
As expected, members of the California Legislature introduced bills in response to the mortgage crisis in California. The authors of the legislation include ... (Bulletin 07/08-81 - January 10, 2008)
Dueling Eminent Domain Initiatives Head to Ballot
Two eminent domain initiatives appear to have gathered enough signatures to be placed before the voters in June of 2008. One initiative ... (Bulletin 07/08-68 - January 8, 2008)
CLTA Publishes 2007 Edition of Annual Summary of Legislation
In an effort to reduce printing costs and maximize interactivity, the California Land Title Association is releasing its annual Summary of Legislation in high-resolution electronic format, complete with ... (Bulletin 07/08-66 - December 17, 2007)
Comments Urged on Draft of Uniform General Closing Instructions
Over 100 real estate industry representatives participated in a conference call held on Monday, December 3rd to review the current draft of the proposed Uniform General Closing Instructions. The groups that have developed the draft ... (Bulletin 07/08-65 - December 7, 2007)
Governor Schwarzenegger Congratulates CLTA on 100 Years of Service
Proclamation Cites Association's Important Role in Industry
Governor Arnold Schwarzenegger has issued a written proclamation formally acknowledging the California Land Title Association’s century-long commitment to excellence and service to consumers and real estate professionals throughout the state. ... (Bulletin 07/08-62 - November 27, 2007)
Proposed Uniform Closing Instructions Conference Call – Monday, Dec. 3rd
Free Call Will Provide Callers with Opportunity to Offer Comments
A conference call will be held on December 3 at 2:00 p.m. EST to discuss the proposed uniform closing instructions that have been developed by ALTA, the Mortgage Bankers Association, and the American Escrow Association. The new instructions are intended to ... (Bulletin 07/08-61 - November 26, 2007)
New Law Changes Escrow in Mobilehome Transactions
Existing law requires a mobilehome or manufactured home dealer, for every transaction by or through the dealer to sell or lease with the option to buy a new or used manufactured home or mobilehome subject to registration under existing law, to execute ... (Bulletin 07/08-60 - November 26, 2007)
Electronic Recording Summit in Sacramento, Tuesday, Dec 4th
The California e-Recording Transaction Network Authority (CeRTNA) is hosting an electronic recording summit, entitled “Perspectives”, at the Hyatt Regency in Sacramento on Tuesday, December 4th, from 6:00 to 9:00pm. Attendees at the free event will be able to ... (Bulletin 07/08-59 - November 20, 2007)
Real Estate Withholding Changes Being Considered
The California Franchise Tax Board is considering a staff recommendation on changes to the real estate withholding law that would impact the title and escrow industries. (Bulletin 07/08-56 - November 8, 2007)
CLTA's 101st Annual Convention - Mark your Calendar for April 27-29, 2008
Join us for CLTA's 101st Annual Convention at the stunning Rancho Bernardo Inn located in the majestic wooded valleys of San Diego, CA from April 27-29, 2008. (Bulletin 07/08-53 - November 6, 2007)
New Law Creates Dual Public Records System
Governor Schwarzenegger signed legislation to create a Social Security Number Truncation Program. The law requires ... (Bulletin 07/08-48 - October 29, 2007)
Delinquent Child Support Collection Gets Boost from Title Insurance Industry
Recent figures from the California Department of Child Support Services indicate that title companies, which serve as the primary source for the collection of child support liens filed against real property, helped recover more than $49 million in delinquent payments during the 2006-07 Fiscal Year. According to these same figures, title companies have helped California collect more than $320 million in delinquent child support payments since July 2003. (Bulletin 07/08-50 - October 29, 2007)
Notary Changes Signed by Governor
The statutory form of acknowledgement and the statutory form of jurat will be changed to reflect the elimination of reliance on personal knowledge when notarizing documents under Chapter 399 (Assembly Bill 886 - Runner). (Bulletin 07/08-49 - October 26, 2007)
TitleWizard Launch a Major Success
On Tuesday, October 9th, the CLTA and Insurance Commissioner Steve Poizner joined together to launch the TitleWizard, which allows consumer direct access to title rates and information about title insurance. (Bulletin 07/08-39 - October 12, 2007)
The Placer County Recorder’s Office is proud to host the first “Motherlode” Regional PREP conference to be held on September 11, 2007 at The Ridge Golf Course in Auburn. (Bulletin 07/08-10 - August 6, 2007)
2006/2007 CLTA News Express (July 1, 2006 - June 30, 2007)
Attorney General's Office Resubmits Electronic Recording Regulations to OAL
Please read the following important information from the Attorney General’s office regarding the re-submission of the ERDS Regulations Package to the Office of Administrative Law (OAL). (Bulletin06/07-154 / June 26, 2007)
Information Regarding California Real Estate Withholding
Please read the important information from the Franchise Tax Board regarding California Real Estate Withholding. (Bulletin06/07-133 / May 15, 2007)
Property Records Education Partners (PREP) Holding Regional Conference in Santa Ana May 22, 2007
PREP has announced a conference to be held on May 22, 2007 in Santa Ana, CA. (Bulletin06/07-128 / May 7, 2007)
GAO Issues Title Insurance Report
The United States Government Accountability Office (GAO) has issued a report to the Ranking Committee Member, Committee on Financial Services, House of Representatives regarding Title Insurance. The 74 page... (Bulletin 06/07-127/April 18, 2007)
Office of Administrative Law Rejects Department of Insurance Regulations
California Land Title Association (CLTA) Executive Vice President Craig Page today released the following statement upon notification that the Office of Administrative Law rejected rate setting regulations submitted by the California Department of Insurance. ... (Bulletin 06/07-102/February 21, 2007)
Partial Masking of Social Security Numbers on Recordable Lien Documents
To ensure taxpayer privacy and information security, the Franchise Tax Board (FTB) has begun to mask the first 5-digits of the taxpayer's social security number (SSN) on recordable lien documents effective February 9, 2007. (Bulletin 06/07-96 - February 12, 2007)
CLTA Announcement to Members From Rich Macaluso, CLTA President
I am pleased to announce that Craig Page has been appointed as the Executive Vice President of the California Land Title Association. Craig has served as the Legislative Counsel for the CLTA since 1993. (Bulletin 06/07-83 - January 10, 2007)
California Department of Insurance Submits Proposed Regulations to the Office of Administrative Law
The CLTA has confirmed with the California Office of Administrative Law that the Department of Insurance submitted their proposed regulations on Friday, January 5, 2007. (Bulletin 06/07-81 - January 8, 2007)
CLTA Files New ALTA Policies and Endorsements, New Usury Endorsement Filed - News Express
The CLTA has filed with the Department of Insurance the new 2006 ALTA Owner’s Policy, 2006 ALTA Loan Policy and 2006 ALTA Short Form Residential Loan Policy along with 10 new ALTA endorsement forms. ... (Bulletin 06/07-43 - September 18, 2006)
A package of regulations was submitted by the Attorney General’s Office to the Office of Administrative Law on August 24, 2006 and was published to the Notice Register on September 8, 2006. The proposed regulations would... (Bulletin 06/07-42 - September 13, 2006)
California Law Revision Commission Issues Recommendation on Transfer on Death Deed
The California Law Revision Commission (CLRC) has analyzed the revocable transfer on death deed (revocable TOD deed), or beneficiary deed as it is known in some jurisdictions, for possible adoption in California. ... (Bulletin 06/07-32 - September 5, 2006)
The California Land Title Association (CLTA) has endorsed Proposition 1C, the Housing and Emergency Shelter Trust Fund Act of 2006, on the November 2006 ballot. ... (Bulletin 06/07-31 / August 20, 2006)
Property Records Education Partners (PREP) Holding Regional Conference in Redding October 5, 2006
PREP has announced a conference to be held on October 5, 2006 in Redding, CA. (Bulletin 0607-12 / August 29, 2006)
New Rules For Remitting Child Support Wage Assignments Do Not Apply to Liens
The Department of Child Support Services is implementing federal payment processing requirements that change how employers handle employee child support wage assignments. Today, child support payments previously handled by local child support agencies ... (Bulletin 06/07-9 / July 20, 2006)
eNotarization Task Force Progress
The Electronic Notarization (eNotarization) Task Force met on July 13, 2006 to discuss a myriad of topics affecting electronic notarization in California. ... (Bulletin 06/07-8 / July 14, 2006)
The Electronic Recordation Task Force, run by the State Attorney General’s Office, met on June 27, 2006 in Sacramento to discuss the Electronic Recordation Delivery System (ERDS) handbooks and proposed regulations. A CLTA representative attended the meeting. ... (Bulletin 06/07-4 / July 11, 2006)
2005/2006 CLTA News Express (July 1, 2005 - June 30, 2006)
The California Land Title Association (CLTA), whose member title companies serve as the primary source for the collection of child support liens in the state, today urged Governor Arnold Schwarzenegger to sign Assembly Bill 2126 by Assemblyman Ted Lieu (D-El Segundo). AB 2126 establishes ... (Bulletin 05/06-157 / June 22, 2006)
The Modesto Bee Displays Importance of Title Insurance
Last week, the Modesto Bee wrote a package of three articles pertaining to a significant title problem in Stanislaus County. (Bulletin 05/06-157 / June 22, 2006)
Standardized Procedures for Balance Due Requests and Release of the Notice of Federal Tax Lien
The Internal Revenue Service is required by law to timely release fully paid and unenforceable liens. (Bulletin 05/06-136 / May 8, 2006)
The Legislature's bill introduction deadline was February 22, 2006 and the CLTA now has an idea of what we face in 2006. The Legislative Committee met ... (Bulletin 05/06-111 / March 28, 2006)
New Law Requires Home Sellers to Give Notice of Supplemental Property Tax
Effective January 1, 2006, another disclosure law became effective as enacted by Assembly Bill 459 - a seller of any residential real property must give prospective home buyers a disclosure notice that the buyer may have to pay one or two supplemental tax bills. (Bulletin 2005/06 –89/January 24, 2006)
FTB Addresses 1099 Reporting for Real Estate Brokers
The Franchise Tax Board has prepared a brochure to education California Real Estate Brokers about 1099 reporting requirements for commission payments made to brokers and agents. (Bulletin 05/06-83/January 10, 2006)
Attorney General Draft Electronic Recording Delivery System Handbooks Now Available for Comment
The Electronic Recording Delivery System (ERDS) draft handbooks have been released by the Attorney General for comments. The ERDS program was established... (Bulletin 05/06-75/January 3, 2006)
Department of Insurance Releases Title Insurance Study - December 15, 2005 (PDF)
On December 15, 2005, the California Department of Insurance released a study on title insurance which has caused the Insurance Commissioner to conclude there is a lack of competition and excessive prices in California. This study can be found on the Department's website under News or by following this link: http://www.insurance.ca.gov/etc/upload/CATitleCompetitionReport0512Public.pdf (PDF)
In response to the Department's press release, the CLTA issued a statement calling the report bogus and questioning how a 112-page report could have been already completed when the deadline set by the Commissioner for title companies to supply data was December 8, 2005. Read the CLTA response (PDF).
Law Revision Commission Continues Work on Mechanics’ Lien Law
The California Law Revision Commission (CLRC) is continuing to work on their study of the mechanics' lien law. Some of the decisions impacting the title industry relate to... (Bulletin 05/06-71/December 14, 2005)
SB 518 (Kehoe) was recently signed into law adding Section 395 to the Insurance Code. This new law requires, starting January 1, 2006, all insurers to provide a free copy ... (Bulletin 05/06-67/November 18, 2005)
AB 885 (Keene) was recently signed into law amended Government Code Section 2924b(3), thereby changing the definition...(Bulletin 05/06-66/November 18, 2005)
New Stamp and Coversheet Requirement for Title Companies for Illegal Property Restrictions
Recently, AB 394 (Niello), was signed into law and will require title companies to modify the stamp or coversheet they currently attach to copies of recorded documents they provide to consumers and clients warning them about potentially illegal property restrictions that may be contained in older recorded documents. ... (Bulletin 05/06-49/October 31, 2005)
Department of Insurance justifies no-bid contract for a consultant to look at the title industry (PDF)
(October 2005)
On October 3, 2005, the State Attorney General’s Office released a legal opinion concluding that a parcel boundary map is required to be released to the public for copying and inspection and the assessor must provide... (Bulletin 05/06-45/October 21, 2005)
