September 16, 2003

Mindy Carr
Director of Government Affairs

TLTA Board approves positions on
2002 agenda items
The Rule portion of the 2002 Texas Title Insurance Biennial Hearing will take place on September 24, 2003 at 10:00 a.m. in Room 100 of the William P. Hobby Jr. State Office Building, 333 Guadalupe Street in Austin. The Rate portion is currently set for December 15, 2003 at 9:30 a.m. For a complete list of TLTA’s positions, please click here.

 The TLTA Board of Directors recently adopted positions for the remaining agenda items that had previously been tabled by the Rates, Rules & Forms committee for further study. (Click here for a list of positions voted on at the September 8th Board meeting)

Latest on RESPA Reform
HUD Secretary Mel Martinez was a recent guest on CNBC’s Power Lunch in which he discussed his plans for the upcoming release of the revised proposed rule relating to RESPA changes. More story

Grassroots efforts continue on HUD’s attempt to reform RESPA
TLTA has continued to call upon its membership to meet with members of Congress while they are in Texas. Special thanks to TLTA members Jeff Davis, Safeco Land Title Company of Fort  Worth  and Larry Townsend, Rattikin Title Company of Fort Worth who met with Congressman Joe Barton (R-Ennis) and Allen Shindler, Lawyers Title Company of Houston who met with Kevin Brady (R-The Woodlands). More story

HUD reaches settlement with Realtors regarding free virtual home tours
In July’s Dateline Austin, we informed you about the latest on HUD’s attempt to fine title companies for allegedly violating Section 8 in relation to virtual tours. HUD’s latest action is aimed at real estate agents who allegedly accepted free internet-based virtual home tours from title companies in the Austin area. More story

Perry calls third special session
Governor Rick Perry has called a third special session that began at noon on Monday, September 15. More story

TDI completes homeowners insurance rate reviews
The Texas Department of Insurance (TDI) spent most of the summer evaluating all of Texas homeowner’s insurance rates which was mandated by the Texas Legislature under the provisions of SB 14. More story

TDI link to TTIGA Quarterly Reports!
TDI has added the Texas Title Insurance Guaranty Association Quarterly reports to their website. For your convenience we have added a direct link to the reports on the TLTA website on the Legislative/regulatory  page.

FCC postpones DO-NOT-FAX rule
On July 3, 2003, the Federal Communications Commission released an order revising facsimile advertising rules pursuant to the Telephone Consumer Protection Act of 1991. More story

U.S. Senate Banking Committee Chairman Shelby plans hearing
Senator Richard Shelby has announced a September 2003 hearing on “the state of the industry.”  The hearing will include a variety of issues including the impact of the Sarbanes-Oxley Act and the Gramm-Leach-Bliley Act. He is also accepting recommendations for additions to the hearing agenda. Shelby said the hearing will anticipate future issues rather than focusing on the recent past.

PRIA proposes National Standard for First Page Indexing Requirements
The Property Records Industry Association (a national association whose membership is composed of major participants in the property records industry, including public officials, associations and the private sector) recently posted a draft of a white paper on its website [www.pria.us] entitled "First Page Indexing Requirements, Proposed National Standard." More story

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