Issues LibraryFind additional information and resources about issues that regularly impact the California title industry. Select an issue below to view detailed news articles, reference materials and educational opportunities.
FinCEN Resources
Information about FinCEN’s Geographic Targeting Orders (GTOs) and FinCEN’s Anti-Money Laundering in Residential Real Estate Rule (Rule) which are different and the latter is expected to impact all CLTA members. Affordable Housing Recording Fee (SB 2)
Senate Bill 2 (Ch. 364, 2017) was signed into law by Governor Brown, creating a $75 fee on the recording of certain documents. Escrow Bond (AB 704)
Find information regarding Assembly Bill 704 (Chapter 370, Statutes of 2015). Unlawful Restrictive Covenants (AB 1466)
Assembly Bill 1466 (Ch. 363, 2021) created a number of changes to existing law that required modifications to title or escrow company processes or operations. Title Insurance Marketing Representatives (SB 133)
Effective January 1, 2009, California Senate Bill 133 (Ch. 280, 2008) amended California Insurance Code Section 12404 to strengthen existing prohibitions against unlawful inducements for the placement or referral of title insurance business, including by expanding the list of activities deemed per se inducements. The law also added Insurance Code Section 12418 to establish a certificate of registration requirement for “title marketing representatives,” or those individuals who market, offer, solicit, negotiate, or sell title insurance in California. Non-Title Recorded Agreements for Personal Service (NTRAPS)
Here you can find a number of resources that CLTA members may find useful related to this practice of filing of unfair real estate fee agreements in property records. Unregulated Title Insurance Alternatives
As a result of Equitable Housing Finance Plans announced earlier this year by the Federal Housing Finance Agency, both Fannie Mae and Freddie Mac are now accepting written attorney opinion letters in lieu of a title insurance policy under limited circumstances. |
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