November 28, 2018


In This Issue:

  • TLTA Submits Letter to Sunset Advisory Commission Regarding Texas Board of Professional Land Surveying
  • SURVEY: Have You Closed a Transaction Using Remote Online Notary Yet? If So, We Need Your Feedback
  • BCFP: Advisory Board and Councils December Conference Call
  • Fannie, Freddie Conforming Loan Limits Increase in Nearly Every Part of the U.S.

TLTA Submits Letter to Sunset Advisory Commission Regarding Texas Board of Professional Land Surveying

TLTA | Nov. 26, 2018
The Texas Sunset Advisory Commission is currently reviewing the Texas Board of Professional Land Surveying (TBPLS), and the commission will make recommendations to the Texas Legislature regarding the TBPLS’ future. When the Texas Legislature convenes in January 2019, lawmakers will decide whether to continue maintaining an independent TBPLS, or merge the functions of TBPLS with another agency.
 
As committed partners in Texas’ real estate industry, TLTA’s members work closely with the state’s professional surveyors (and other real estate professionals) in the execution of commercial and residential real estate transactions. Surveying requires skill and expertise, and accurate surveys are critical to ensuring that property rights are protected during real estate transactions.
 
As such, TLTA submitted a letter to the Sunset Commission encouraging them to recommend to the Texas Legislature the continued maintenance of a stand-alone TBPLS.
 
From TLTA’s point of view, the Texas Board of Professional Land Surveying is responsible for establishing and enforcing standards ensuring the competency of individuals licensed as land surveyors, and there is no other agency, state or federal, whose functions overlap or duplicate those of this Board. We strongly believe that maintaining the independence of this agency is key to delivering quality enforcement and maintaining focus on the integrity of this vital profession.
 
Read TLTA’s Letter to the Sunset Commission »

SURVEY: Have You Closed a Transaction Using Remote Online Notary Yet? If So, We Need Your Feedback

TLTA | Nov. 26, 2018
Since Remote Online Notarization was approved by the Texas Legislature in 2017, and the Texas Secretary of State implemented RON rules earlier this year, the impact of RON continues to be the source of ongoing discussion statewide. TLTA is monitoring the status of this new technology's implementation, and we need your help.
 
Has your company closed any transactions involving the use of a remote online notary (RON) yet?
 
If so, would you complete this brief, 2-question survey, please?
 
Thank you for your help!
 
Whether you've used RON at a closing or not, you might benefit from our E-Closing Live Lab: How to E-Close Texas Style, which will be held next week. This unique, hands-on event will include opportunities to experiment with the latest e-closing tools and stay ahead of the curve as the use of these tools continues to develop. 

BCFP: Advisory Board and Councils December Conference Call Scheduled for Dec. 6

BCFP | Nov. 26, 2018
A BCFP Advisory Committee conference call regarding artificial intelligence in consumer financial services and consumer access to financial records is scheduled for Dec. 6.
 
The meeting will feature remarks from BCFP staff and discussion with committee members. Members of the public are welcome to dial in to listen-only mode.
 
RSVP for the Conference Call »

Fannie, Freddie Conforming Loan Limits Increase in Nearly Every Part of the U.S.

HousingWire | Nov. 27, 2018
After not increasing the maximum conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac for 10 years, the Federal Housing Finance Agency has now increased the conforming loan limit for the third straight year.
 
According the FHFA, the conforming loan limits will rise from this year’s total of $453,100 to $484,350 for 2019. That’s an increase of 6.9% from this year’s loan limit to next year’s.
 
Read More » 

TLTA has scheduled a variety of live webinars for 2018! Register now, or explore our library of more than 80 On-Demand webinars and videos covering the title industry topics you need!