September 26, 2018


In This Issue:

  • Webinar: Completing the TDI Data Reports Due Oct. 31
  • TLTA Submits Amicus Letter in Case Before Texas Supreme Court
  • Appellate Court Reverses Ruling in Suit Against Fidelity National Title Over Fees
  • Cash-Strapped American Are Willing to Leverage Their Homes to Pay the Bills
  • National Voter Registration Day

Webinar: Completing the TDI Data Reports Due Oct. 31

TLTA | Sept. 20, 2018
The Texas Department of Insurance issued its call for agent statistical data on Thursday, Sept. 20. Texas Insurance Code §2703.153 requires each title insurance company and title insurance agent engaged in the business of title insurance in Texas to annually submit certain data to TDI. TDI uses this data to set title insurance premium rates. This report should be completed with data generated during calendar year 2017.

You must respond to this data call using the provided instructions and forms no later than Oct. 31, 2018. If you are unable to download the forms or have questions about this data call, contact TDI's Shanna Sherwood at 512.676.6681 or PCDataCallTitle@tdi.texas.gov.

The education department at TLTA has produced a webinar to help guide you as you complete TDI's mandatory data report. Be in compliance – TLTA can help! Our team of experts will be on hand once again to walk you through the Texas Title Insurance Experience Report and provide a clear, basic overview for finding the information you need.
 
Webinar: On-Time and Error Free TDI Experience Reporting
Oct. 10, 2018
10:30-11:30 a.m. 

If you have concerns or questions, please call us at 512.472.6593 or email tlta@tlta.com. 

 

TLTA Submits Amicus Letter in Case Before Texas Supreme Court

TLTA | Sept. 25, 2018
An amicus letter from TLTA to the Supreme Court of Texas asks the Court to address a Court of Appeals opinion re: Chicago Title Ins. Co. v. Cochran Investments, Inc., that could affect thousands of real estate transactions every year. 
 
In TLTA's request that the state Supreme Court address the case, it is noted that the Court of Appeals opinion challenges the use and viability of special warranty deeds, which are generally used by governmental entities, lenders and creditors, and commercial property owners. 

Read the Amicus Letter »

TLTA's Judiciary Committee, which is chaired by Roland Love, is responsible for recommending to our board of directors TLTA's position on court decisions that could affect the defense of title companies and title agents.

TLTA Judiciary Committee Members »
 

Appellate Court Reverses Ruling in Suit Against Fidelity National Title Over Fees

Northern California Record | Sept. 21, 2018
On Sept. 7, the Court of Appeal of the State of California, 6th Appellate District reversed a lower court's ruling in favor of a class action representative that claimed Fidelity National Title Co. unlawfully charged mailing fees.

The court remanded the case to the Santa Clara County court with orders to vacate the judgment and enter a new one dismissing the action and also affirmed the post-judgment order denying the plaintiffs' motion for attorney's fees.

Manny Villanueva and Fidelity challenged a judgment from a bench trial in the lawsuit filed by Villanueva and the class that claimed Fidelity violated the state's Unfair Competition Law (UCL).

The plaintiffs say Fidelity illegally “charged overnight mail delivery fees, courier fees, and document preparation or ‘draw deed’ fees that were not listed in its schedule of rates filed with the Department of Insurance in violation of Insurance Code provisions governing the business of title insurance,” according to the ruling.
 
Read More » 
 

Cash-Strapped Americans Are Willing to Leverage Their Homes to Pay the Bills

Bloomberg | Sept. 19, 2018
As U.S. household debt rises and wages stagnate, millions of Americans are thinking about tapping into home equity to keep up with day-to-day expenses.
 
Twenty-four million homeowners believe borrowing against home equity is an acceptable way to cover regular bills, according to a Bankrate.com report released on Wednesday. Cash-strapped millennials, low earners and the less educated were most likely to think home equity offered an appropriate solution to ordinary bills.
 
“Regular household bills should be funded by a regular household income, not home equity,” said Greg McBride, chief financial analyst at Bankrate.com. “Wage growth has been elusive, but rising household expenses have not. And now home equity is being seen as a lifeline for those who are strapped for money with little wiggle room.” 
 
Read More »
 

National Voter Registration Day

TLTA | Sept. 26, 2018
Yesterday was National Voter Registration Day, and it's the right time to remind all of our family, friends and colleagues that the upcoming general election on Nov. 6 is right around the corner. If you plan to vote, you must register no later than Oct. 9.  
 
You can confirm that you are registered to vote here. If you're not registered, register here.
 
Be sure to mark your calendar now; here are important election-related dates:
 
Last Day to Register to Vote: Oct. 9
Early Voting: Oct. 22 - Nov. 2
Election Day: Nov. 6

Looking for continuing education credits? Wanting to expand your understanding of our industry? Explore our library of more than 80 On-Demand webinars and videos covering the title industry topics you need.