May 20, 2020
In This Issue:
- TLTA Requests Extension of Emergency RIN Order
- TDI Issues Bulletin on Temporary and Limited Extension of Simultaneous Issue Credit Under R-5.F
- Fannie Mae, Freddie Mac Launch Online Resources for Consumers
- Registration for 2020 Virtual Conference Open Now
- ALTA Publishes Quick Reference Guide of Notarization Types and Terminology
- TDI Job Opening: Title Insurance Specialist
TLTA Requests Extension of Emergency RIN Order
TLTA | May 21, 2020
On May 21, TLTA sent a letter
to Gov. Abbott requesting he modify the emergency executive action that allowed the temporary use of Remote Ink Notarization (RIN) in Texas by removing the original May 30 termination date and continuing to allow use of RIN as long as the COVID-19 disaster declaration remains in effect.
Giving Texas consumers the opportunity to continue choosing RIN until we are clear of this unprecedented public health threat will further enhance our industry's ability to serve the public with great efficiency and safety. Since the governor granted our original request, title professionals have worked within the guidelines made part of the suspension with success and confidence in its security, helping ensure the integrity of real estate transactions statewide.
Following TLTA's request
in late April, Gov. Abbott temporarily suspended traditional notary regulations
to allow for temporary use of RIN under COVID-19 public health protocols. 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 currently in effect until May 30, when it will expire unless the governor grants our request to extend the termination date.
We’ll keep you posted and alert you immediately if the governor grants our request.
Learn more about the temporary use of RIN
under COVID-19 public health protocols.
TDI Issues Bulletin on Temporary and Limited Extension of Simultaneous Issue Credit Under R-5.F
Texas Department of Insurance | May 21, 2020
The Texas Department of Insurance has issued a bulletin
with guidance on the use of the simultaneous issue premium during the COVID-19 pandemic.
Under the guidance issued last week, TDI will not cite title agents and title insurance companies who charge the "simultaneous issuance" premium described in Rate Rule R-5.F for Loan Policies issued more than 90 days after the Owner's Policy if the following conditions are met:
- All parties, including the title agent and title insurance company, agree to the Rate Rule R-5.F premium;
- the owner's policy is dated between December 14, 2019, and April 2, 2020;
- the loan policy is issued no later than 60 days after the 90-day deadline in paragraph 1.a of Rate Rule R-5.F; and
- the requirements for Rate Rule R-5.F are otherwise met.
If you have questions, please email TitleExaminations@tdi.texas.gov
Read More »
Fannie Mae, Freddie Mac Launch Online Resources for Consumers
HousingWire | May 26, 2020
Fannie Mae has launched a new initiative to help homeowners and renters who have been impacted by the COVID-19 pandemic. “Here to Help”
is available as an online resource for hard-hit homeowners and renters.
The “Here to Help” online portal at knowyouroptions.com
features informative videos, fact sheets, mortgage loan and apartment rental lookup tools, and other resources to equip homeowners and renters with the information they need to successfully navigate their options.
The portal also provides mortgage servicers and lenders with tools to better assist their customers. This includes clear explanations of forbearance, repayment options after forbearance and training videos for loan servicers.
Read More »
Registration for 2020 Virtual Conference Open Now
TLTA | May 26, 2020
Registration for our 2020 Virtual Annual Conference and Business Meeting
is now open. When you register today
for this one-of-a-kind virtual event scheduled July 13–16, you're going to get everything you asked for and more – the connections, education and tradition you've come to expect from our annual conference, plus the flexibility to come and go as needed to continue taking care of business.
This year's early bird registration rate has been dramatically reduced to $95, so everyone in our community can afford to connect in record numbers, especially all our peers on the front lines keeping the real estate marketplace flowing under these challenging business conditions. Now more than ever, we all need to come together to share the lessons learned this year and make new connections in the name of good business and professional development.
In an exciting development available for the first time this year, substantive conference sessions will be recorded and available to you, so you can take that important call, pop into your regular weekly team meeting, or just stop to smell the roses without missing a moment of the must-see events at conference.
We'll provide a complete conference schedule in early June so you can calendar the events you want to attend.
Register Now »
ALTA Publishes Quick Reference Guide of Notarization Types and Terminology
ALTA | May 26, 2020
from ALTA breaks down the various ways notarizations can occur and explains their capabilities and requirements.
Review ALTA's Infographic on Notarization Types and Terminology »
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
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!