June 3, 2020
In This Issue:
- Gov. Abbott Extends Emergency Use of RIN Through June 30
- 2020 Virtual Conference Schedule-at-a-Glance Released
- COVID-19 Compliance Update: TDI Extends Modified Requirements for Sworn Statements
- TDI Publishes Underwriters Experience Report for 2013-2017
- SAFE Banking Act Included in Proposed Fourth COVID Stimulus Package
- TDI Job Opening: Title Insurance Specialist
Gov. Abbott Extends Emergency Use of RIN Through June 30
TLTA | May 30, 2020
On May 21, TLTA sent a letter
to Gov. Abbott requesting he modify the emergency executive action that allows the temporary use of Remote Ink-Signed Notarization (RIN) by extending the original May 30 termination date. We were informed that at 1:30 p.m. Friday, May 29, the governor extended the period of time during which RIN can be used to June 30, 2020.
This extension was approved by emergency executive action via email communication between the offices of the governor and our state's attorney general. The approval of our request was executed using the same mechanism employed when emergency use of RIN was first approved in April. While we do not have a copy of the email from the governor's office to the AG's office and the governor's office has not issued an additional press release, we have been told directly from the governor's office that the required communications have taken place and the partial suspension of our notary statute to allow for use of RIN remains in effect through June 30.
These are unique times for the governor's office and the number of simultaneous crises they are handling is historic. As soon as official notice is available, we'll post it in the special RIN section on our COVID-19 page and report it in Dateline.
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.
Learn More »
2020 Virtual Conference Schedule-at-a-Glance Released
TLTA | June 3, 2020
The schedule-at-a-glance for our 2020 Virtual Annual Conference and Business Meeting was released today, and you won't want to miss a moment of this exciting line-up.
Highlights of this year's schedule include a town hall-style talk with ALTA President Mary O’Donnell on the state of our industry, a deep dive CE course on foreclosure and bankruptcy traps presented by Roland Love, and our keynote address by GSD&M Co-Founder and Chairman, Roy Spence.
2020 Virtual Conference Keynote Address
Roy Spence, Co-Founder and Chairman, GSD&M,
Co-Founder and CEO, The Purpose Institute, Austin
Review the Schedule-at-a-Glance »
Register Now »
COVID-19 Compliance Update: TDI Extends Modified Requirements for Sworn Statements to June 30
Texas Department of Insurance | June 2, 2020
TDI recently updated their modified filings chart with deadline extensions attributable to COVID-19.
On Tuesday June 2, TDI announced that the window of time during which the financial and licensing filings identified in the modified filings chart could be submitted without sworn statements, affidavits and notarization was further extended from May 31 to June 30.
Title Agent / Escrow Officer: Annual Audit of Trust Fund Accounts, Licensing Forms
Review the filings that can be submitted without sworn statements, affidavits and notarizations. If you have questions about title agent and escrow officer licensing filings, please email TDI-TitleLicensing@tdi.texas.gov
Corporate and Financial Filing
Review the filings that can be submitted without sworn statements, affidavits and notarizations. If you have questions about financial filing requirements, please email FIN-GM@tdi.texas.gov
TDI Publishes Underwriters Experience Report for 2013-2017
Texas Department of Insurance | June 2, 2020
On Tuesday, June 2, TDI published the 2013-2017 Underwriters Experience Report
Under Insurance Code Section 2703.153, the Texas Department of Insurance's Property and Casualty Data Services Team annually collects information on income, expenses and losses from title agents and underwriters doing business in Texas. This information is then published by TDI in their experience report compilations.
SAFE Banking Act Included in Proposed Fourth COVID Stimulus Package
ALTA | June 2, 2020
The Secure And Fair Enforcement (SAFE) Banking Act of 2019 has been included as part of House Democrats’ proposal for a fourth stimulus package in response to the COVID-19 pandemic.
The SAFE Banking Act (HR 1595) provides a legal safe harbor for financial institutions doing business with state-legal cannabis businesses. The bill, sponsored by Reps. Ed Perlmutter (D-Colo.) and Denny Heck (D-Wash.), passed the House 321-103 in September 2019.
The SAFE Banking Act prevents federal regulators from taking enforcement actions against financial institutions and insurance companies that do business with the cannabis industry in states where it is legal. It also provides protection from prosecution for handling cannabis funds. The goal of the bill is to move those businesses away from cash and into the banking system. It has broad support from the financial services industry.
Read More »
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!