July 3, 2018


In This Issue:

  • Texas Secretary of State Proposes New Notary Rules, Is Accepting Online Notary Applications as of July 1
  • TLTA Website Upgrades May Disrupt Service July 10-11, Password Change Will Be Required
  • Governments Explore Using Blockchains to Improve Service
  • Feds Arrest 8 More in Ongoing Action Against Hackers Targeting Wire Transfers
  • GSE Reform: Trump's Fannie-Freddie Plan Needs Clarity, Key Republican Says

Texas Secretary of State Proposes New Notary Rules, Is Accepting Online Notary Applications as of July 1

TLTA | June 29, 2018
The Texas Secretary of State published new, proposed Texas notary rules on Friday, June 29. The proposed rules reflect the procedures the Secretary of State is using to manage the online notary applications, which the agency began accepting on July 1.
 
Read the Proposed Rules »
Online Notary Applications »

TLTA Website Upgrades May Disrupt Service July 10-11, Password Change Will Be Required

TLTA | July 3, 2018
TLTA continues to prioritize the security of our members' data. Among our ongoing efforts to protect the information entrusted to us, we are upgrading our association management software, including our website.  
 
Please be aware that these upgrades could present sporadic connectivity challenges for users who try to access the website July 10-11.  
 
Additionally, your website login information will change. Please watch for an email from us on July 9 regarding the process for obtaining your new login info.
 
Thank you for your patience as we continue to improve our tools and services. 

Governments Explore Using Blockchains to Improve Service

New York Times | June 27, 2018
If you buy a house in Chicago and want to register the deed, the Cook County Recorder of Deeds will accept two kinds of submissions: paper records and scanned images of paper records. No matter which option you choose, the clerks will manually type the information into the county database.

Roughly once a week, someone — for example, an addict claiming a home that actually belongs to a grandparent with dementia — will mail in a fake document, and “if they formatted it correctly, we have to record it,” said John Mirkovic, the deputy recorder. “It’s one of the main reasons we’re so interested in blockchain.”

Blockchain is a data structure popularized by the digital currency Bitcoin. It’s also one of the biggest buzzwords in Silicon Valley, finance and government, where proponents say it can save money and increase trust in public institutions.
 
Read More »

Feds Arrest 8 More in Ongoing Action Against Hackers Targeting Wire Transfers

HousingWire | June 28, 2018
Earlier in the month, the feds arrested nearly 75 people for allegedly participating in the “Business Email Compromise” schemes, where hackers attempt to gain access to the email accounts of employees who have access to company finances, businesses working with foreign suppliers or businesses that regularly perform wire transfer payments.

This week, eight more people were arrested and four more were charged with participating in a widespread, Africa-based cyber conspiracy that allegedly defrauded U.S. citizens and companies out of $15 million over the last several years.
 
Read More »

GSE Reform: Trump's Fannie-Freddie Plan Needs Clarity, Key Republican Says

Bloomberg | June 28, 2018
The White House proposal to free Fannie Mae and Freddie Mac from U.S. control can’t advance in Congress until lawmakers are given more details and assurances that everyone in the Trump administration is fully on board, according to a key House member.

Representative Blaine Luetkemeyer, a Missouri Republican who sits on the Financial Services Committee, said in an interview that it’s unclear whether the Treasury Department and others on President Donald Trump’s team support the plan released last week that would end federal conservatorship of the two mortgage-finance giants and expose them to new competitors.

“I would like to see the Treasury secretary endorse that plan,” said Luetkemeyer, who is a top contender to succeed Jeb Hensarling as chairman of the House panel that oversees the financial services industry. “My understanding is that there is still some discussion in the administration with regards to how that plan is going to play out.”
 
Read More »

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