April 29, 2020

In This Issue:

  • Gov. Abbott Approves Emergency Use of Remote Ink-Signed Notarizations (RIN)
  • Complimentary Webinar-Style Briefing Tomorrow: Temporary Use of Remote Ink-Signed Notarizations (RIN)
  • CARES Act Employer Payroll Retention Tax Credit
  • CFPB Paves Way for Consumers Facing Financial Emergencies to Obtain Access to Mortgage Credit More Quickly
  • TDI Job Opening: Title Insurance Specialist
  • Meeting You Where You Are – TLTA Annual Conference Goes Virtual

Gov. Abbott Approves Emergency Use of Remote Ink-Signed Notarizations (RIN)

TLTA | April 29, 2020
At TLTA's request, Gov. Abbott today announced emergency executive action temporarily suspending traditional notary regulations to allow for Remote Ink-Signed Notarizations (RIN). The conditions that will apply whenever this suspension is invoked can be found here.
 
Read the Governor's Press Release »
 
Under RIN, a "wet signature" is still used, but the signature is witnessed by a notary via video and audio channels, and the notary seal is affixed at a later time. This temporary suspension of state notary statute is effective immediately and will be in effect until the earlier of May 30, 2020, or termination of the state's current coronavirus-related disaster declaration.
 
We urge you to carefully read the governor's executive action in full to understand all the requirements before utilizing this temporary process to comply with COVID-19 public health protocols.

After receiving feedback from our members regarding limited implementation of remote online notarizations (RON) in the marketplace, TLTA's board proposed the temporary, crisis-driven RIN solution that Gov. Abbott adopted to support real estate closings under COVID-19 public health protocols. We are grateful for the governor's leadership on this special accommodation to support our state's real estate economy. TLTA also appreciates the support of our related industry partners in this effort.
 
Read TLTA's Proposed Emergency Executive Action Content »
Read Letter TLTA Sent Gov. Abbott Along With Our Proposal »
Read Letter From Texas Association of Realtors Supporting Our Proposal »
 
EDITOR'S NOTE: Statute suspension through executive action does not require the issuance of a proclamation. With the public distribution of this guidance from the Attorney General and a formal announcement of his executive intent, the governor has temporarily suspended our state’s notary statute under the emergency powers granted to him by our state’s constitution. Please note that we'll be hosting a complimentary webinar tomorrow to help you navigate the temporary use of RIN under COVID-19 public health protocols. Learn more and register below.
 
 

Complimentary Webinar-Style Briefing Tomorrow: Temporary Use of Remote Ink-Signed Notarizations (RIN)

TLTA | April 29, 2020
This webinar takes a comprehensive look at Remote Ink-Signed Notarizations (RIN), which were approved today by Gov. Abbott via emergency executive action for temporary use under COVID-19 public health protocols. 
 
Participants will be walked through the steps of remote witnessing of wet signature notarizations and the prescribed procedures for staying compliant. Please join us for helpful hints on how to navigate this new process and manage the challenges of implementation. 
 
Remote Witnessing of Wet Signature Notarizations
Thursday, April 30, 2020 | 3 - 4 p.m. CDT
Presenter: TLTA President-Elect John Bruce, CTIP, NTP, Senior Vice President, Heritage Title Company, Austin
 
Register for this complimentary webinar-style briefing now. After registering, you will receive a confirmation email containing information about joining the free webinar tomorrow, Thursday, April 30 at 3 p.m.
 
Learn more about the temporary use of RIN under COVID-19 public health protocols.
 
 

CARES Act Employer Payroll Retention Tax Credit

National Law Review | April 24, 2020
The recently passed Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) provides a tax credit for eligible employers to encourage them to continue paying employees. The benefit allows a fully refundable tax credit equal to 50 percent of qualified wages (including allocable qualified health plan expenses). The credit is determined quarterly and is capped at $5,000 per eligible employee. The credit applies to qualified wages paid between March 12, 2020 and Jan. 1, 2021.

Read More »
 
Additional information and guidance on federal COVID-19 financial assistance for small businesses can be found in this complimentary webinar presented by the team from Foley & Lardner, LLP, and hosted by TLTA:
 
Complimentary Webinar: Coronavirus Financial Relief for Businesses: CARES Act SBA Loans, Tax Credits and More »
 

CFPB Paves Way for Consumers Facing Financial Emergencies to Obtain Access to Mortgage Credit More Quickly

CFPB | April 29, 2020
Today, the Consumer Financial Protection Bureau (Bureau) took steps to make it easier for consumers with urgent financial needs to obtain access to mortgage credit more quickly in the middle of the COVID-19 pandemic.

The steps taken today will help those institutions better serve consumers to obtain access to mortgage credit quickly, despite operational disruptions. These steps also will reduce regulatory uncertainty and allow creditors to focus their resources on meeting consumers’ needs. The Bureau is issuing an interpretive rule clarifying that consumers can exercise their rights to modify or waive certain required waiting periods under the TILA-RESPA Integrated Disclosure Rule and Regulation Z rescission rules. The Bureau is also issuing an FAQ document that addresses when creditors must provide appraisals or other written valuations to mortgage applicants in order to expedite access to credit for consumers affected by the COVID-19 pandemic. 

Read the Interpretive Rule Addressing the TRID Rule and Regulation Z Rescission Rules Issues »

Read the FAQ Document Addressing the ECOA Valuations Rule Issues »
 

TDI Job Opening: Title Insurance Specialist

Texas Department of Insurance | April 21, 2020
The Texas Department of Insurance has a job opening that might interest you or someone in your professional network. The agency is hiring a "Title Industry Specialist" with meaningful title insurance experience. 
 
Read TDI's Posting and Apply »
 
If you have questions, please contact TDI's David Muckerheide.
 

Meeting You Where You Are – TLTA Annual Conference Goes Virtual

TLTA | April 29, 2020
Nothing is more important than the health and safety of our members, sponsors and staff. Over the last few weeks, we've been closely monitoring the evolving situation with the COVID-19 outbreak to ensure we are taking every precaution to look after our community. 
 
After careful consideration, we've decided that the wisest decision is to not have a physical, in-person Annual Conference and Business Meeting this year. Instead, we are pleased to announce that we will be reinventing Conference as a virtual meeting that will deliver a full program of inspiring sessions, educational content and marketplace connections. 
 
Many of your favorite Conference elements will be included in the 2020 Virtual TLTA Annual Conference, and maybe a few surprises too! We're working fast and furiously to build the best possible virtual experience so we can continue our important annual TLTA tradition in the midst of these unique times. Of course, we'll miss seeing everyone in person this year, but we also look forward to sharing this new experience with you.
 
Planning has just begun, so thanks in advance for your patience as we work through all the details. Be on the lookout for more details coming to your inbox very soon. In the meantime, we've put together these Virtual Conference FAQs to answer some of your initial questions.

In addition to the live webinars listed below, you have access to our library of more than 80 On-Demand webinars and videos covering the title industry topics you need to earn continuing education credits and stay ahead of the curve on the latest industry trends!