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Mindy Carr
Director of Government Affairs |
REMINDER - New rates effective July 1st
Effective
July 1, 2004,
the basic premium rates for Title Insurance
decrease by 6.5 percent and new rules go
into effect. Click here
http://www.tlta.com to print the updated rate
chart or to view the new rules and
endorsements.
Rate
updates to
the Texas Title Insurance Basic Manual are now being mailed to those
who have already placed an order. If you
have not ordered your updates, please do so as soon as possible, or
your manual will be out-of date as of
July 1,
2004.
REMINDER-New
education requirements effective July 1st
According
to Procedural Rule P-28 adopted April 1, 2004, Title Agents and Escrow
Officers renewing their license on or after July 1, 2004 will be
required to submit 10 hours of continuing education requirements upon
expiration of the new license.
Click here for more
information on the new requirements.
Filing smart
The
Texas Department of Insurance has introduced a new resource entitled
Filing Smart that can be accessed on their website. This resource
provides the NAIC Title Industry Checklist for all quarterly, annual,
and supplemental filings required by the Department.
More story
AG rules on
redaction of Social Security Numbers
An
Attorney General opinion has ruled that a board of judges has no
authority to order the county clerk to redact Social Security numbers
on the electronic copies of case-related documents. This ruling was
prompted by an opinion request (RQ-0154-GA) by the Fort Bend County
Attorney. More story
2004-2005
TLTA Committees
and Task Forces
President Terry Grantham has named a number of
committees and task forces to study legislative and regulatory issues
affecting the industry. The Tax Foreclosure Sales Task Force led by Stan
Keeton, Alamo Title is charged with studying the issue of the
insurability of property involved in tax foreclosure sales.
More story
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TLTA to meet with
HUD Secretary Alphonso Jackson
TLTA's
federal lobbyist, Jim Hyland, has successfully scheduled an
appointment in Washington D.C. in July with HUD Secretary Alphonso
Jackson. A small delegation of TLTA members from the Federal Issues
Committee will be traveling to D. C. to discuss our position on RESPA
reform.
More story
Conference
attendees take a chance on the
TLTAPAC
Annual Conference attendees took a chance and supported the
TLTAPAC
by
taking part in the 3rd Annual Silent auction. With over 50 items up
for bid the PAC was able to
raise almost $8,000.
More story
Committee
looking at recommendations on public access to court records
The Committee on Public Access to Court Records, a sub-group of
the Texas Judicial Council, has been charged to examine, analyze, and
make recommendations to the Council regarding the public’s access to
court case records. More story
OCC Publishes Advisory on Retaining Electronic Records under E-SIGN
The Office of the Comptroller of the Currency (OCC) published
an advisory on retaining electronic records under E-SIGN. The advisory
addresses numerous issues for lenders evaluating the risks associated
with retaining electronic records. More
story
NCCUSL drafting
Uniform Mortgage Satisfaction Act
The
National Conference of Commissioners on Uniform Laws (NCCUSL) has
released their Uniform Mortgage Satisfaction Act draft for review and
comment.
Click here to view a copy of the draft.
More story
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