May 26, 2021
In This Issue:
- TLTA Legislative Update
- Texas Title Industry Connects With U.S. Reps, Senators During ALTA's Virtual Advocacy Summit Last Week
- Bill Streamlining Removal of Racist Deed Restrictions in Texas Named for Dallas State Sen. Royce West
- Gov. Abbott Appoints Geddes to Real Estate Research Advisory Committee
- FHFA Announces Fannie Mae's and Freddie Mac's Proposed Duty to Serve Underserved Markets Plans for 2022-2024
TLTA Legislative Update
TLTA | May 19, 2021
Texas legislators are in the final days of the 87th Legislative Session, which will adjourn Sine Die on Monday, May 31. Approximately 4 of every 5 bills filed this session are dead, and those bills that still have a chance of achieving final passage are fighting against a series of daily deadlines that grow more restrictive by the day.
We have exciting updates on the bills TLTA is working to pass this session
, including SB 885
, Sen. Hughes' Quitclaim Bill
, which has been signed by the Gov. Abbott and will be effective starting Sept. 1, 2021.
The other bill we are working to pass this session, HB 3115
by Rep. Shine, the Homestead Certainty Bill
, is on the Senate's final Local and Uncontested Calendar.
For your reference, here's our Master Legislative Tracking List and Action Report
, which was updated today, April 28. This report includes updates on the bills TLTA is trying to pass this session, updates regarding other bills on which TLTA's Board of Directors has taken positions, as well as a link to the larger list of more than 150 bills on which we are working this session. Click the image to access this helpful tool:
Only 5 days remain in the 87th Legislative Session, but special sessions are expected due to redistricting and other issues.
Bills TLTA Is Trying to Pass
The bills TLTA is trying to pass
during the 87th Legislative Session were approved by TLTA's Board of Directors
as recommended by our Legislative Committee
, which is chaired by Steve Streiff. TLTA is seeking passage of two statutory changes that would improve real estate transactions:
In addition to the bills we are trying to pass listed above, you can review our broader Master Legislative Tracking List and Action Report
, which includes other bills on which TLTA's Board has taken positions, as well as a link to a list of the more than 150 bills we are working this session. We have been actively addressing concerns and seeking improvements to these bills to avoid unintended consequences and preserve our daily functions as title agents and underwriters.
Questions about TLTA's legislative process and how you can get involved?
The TLTA Legislative Committee, our Local Legislative Liaisons, our Grassroots Network and our PAC Board of Governors are all part of our team of engaged legislative advocates. Learn More About TLTA's Legislative Process and How You Can Get Involved »
Texas Title Industry Connects With U.S. Reps, Senators During ALTA's Virtual Advocacy Summit Last Week
TLTA | May 26, 2021
Texas Land Title Association members and staff participated in ALTA's Virtual Advocacy Summit last week, attending 15 Zoom meetings with members of the Texas Congressional Delegation and their staffs, Wednesday, May 19 through Friday, May 21.
The following professionals participated as part of TLTA's delegation: Mike Savas, Brian Pitman, Tom Morgan, Kenneth Quantie, Randy Pittman, Mark Till, Leslie Midgley, Aaron Day, Jim Hyland, Jack Rattikin III, and Mary Thomas. We are grateful for this outstanding team of industry advocates.
TLTA's delegation met directly with Sens. Cornyn and Cruz, as well as Reps. Gooden, Pfluger, Williams, and Taylor.
TLTA's delegation also met with staff from the offices of Reps. Fallon, Garcia, Gonzalez, Veasy, Brady, Granger, Green, Crenshaw and Fletcher.
They were all good, productive meetings, and the delegation reported positive feedback on our industry's asks: 1) support the Secure Notarization Act which would provide a nationwide baseline standard for RON and make RON available in all 50 states, and 2) protect 1031 exchanges from being restricted in any upcoming tax reform legislation.
Meeting with Sen. Cornyn
Meeting with Sen. Cruz
Bill Streamlining Removal of Racist Deed Restrictions in Texas Named for Dallas State Sen. Royce West
Dallas Morning News | May 12, 2021
A bill to make it easier to remove racist restrictions from real estate deeds would be named the Royce West Act under a last-minute amendment approved by the House on Monday.
West, D-Dallas, is lead author of Senate Bill 30, which the House approved, 146-0.
It would dispense with an arduous, time-consuming and expensive process that current laws require for removing deed language that bars sale or lease of property on account of race, color, religion or national origin.
Lt. Gov. Dan Patrick, who made SB 30 a priority bill, and Gov. Greg Abbott approved of naming the measure for West, who has served in the Senate for 28 years, Leach said.
Read More »
TLTA Editor's Note: While TLTA's Board originally adopted a neutral position on this bill, following our legislative team's work with the bill author on the continued development of the bill, TLTA's Board adopted a support position.
Gov. Abbott Appoints Geddes to Real Estate Research Advisory Committee
Gov. Abbott's Press Office | May 5, 2021
Governor Greg Abbott has appointed Patrick Geddes to the Real Estate Research Advisory Committee for a term set to expire on January 31, 2023. The committee reviews and approves proposals submitted to the board of directors of the Texas A&M University System relating to staffing and general policies of the Real Estate Center. The committee decides the priority ranking of research studies the center conducts.
Read the Press Release »
TLTA Editor's Note: Patrick Geddes is a former TLTA member, and he served on our Legislative Committee.
FHFA Announces Fannie Mae's and Freddie Mac's Proposed Duty to Serve Underserved Markets Plans for 2022-2024
FHFA Public Affairs Office | May 18, 2021
The Federal Housing Finance Agency (FHFA) today published the proposed 2022-2024 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program. The proposed Plans cover the period from January 1, 2022 to December 31, 2024.
FHFA will accept public input on the proposed Plans during a 60-day public input period beginning on May 18th.
Read More »
Review the Proposed Plan »
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