January 26, 2022

In This Issue:

  • TDI Reminder: TDI Rule Requires Email Contact for All Licensees
  • TREC Survey: Wholesaling in Texas
  • FinCEN Issues Proposed Rule for Suspicious Activity Report Sharing Pilot Program to Combat Illicit Finance Risks
  • Upcoming Virtual Conference Presented by Dallas Fed and Texas A&M Real Estate Research Center: Emerging Trends in Real Estate Markets Post-COVID

TDI Reminder: TDI Rule Requires Email Contact for All Licensees

Texas Department of Insurance | Jan. 25, 2022
The Texas Department of Insurance (TDI) reminds individuals, agencies, and companies regulated by TDI to designate an email address for official communications from TDI.
 
This rule went into effect January 1, 2022. View the adoption order for details.
 
If you are a TDI license holder and you need to submit or update your email address, you can do so via the following methods:
 
Underwriters
 
Agents
 
Escrow Officers
(Note: Escrow officers should complete this form and submit it to TDI-TitleLicensing@tdi.texas.gov)
 

TREC Survey: Wholesaling in Texas

Texas Real Estate Commission | Jan. 24, 2022
The Texas Real Estate Commission (TREC) is conducting a study on wholesaling and seeking input from consumers, wholesalers, and license holders. Wholesaling is a model where a person enters into a contract to buy real estate and then sells their contractual interest in the property to a third party prior to closing.
 
Your anonymous responses will help the agency as it examines wholesaling practices and consumer protection measures. The survey should take about five minutes to complete.
 
Complete TREC's Survey »
 

FinCEN Issues Proposed Rule for Suspicious Activity Report Sharing Pilot Program to Combat Illicit Finance Risks

U.S. Treasury | Jan. 24, 2022
The Financial Crimes Enforcement Network (FinCEN) today issued a Notice of Proposed Rulemaking (NPRM) that proposes and solicits public comment on the establishment of a limited-duration pilot program for sharing suspicious activity reports (SARs), in accordance with Section 6212 of the Anti-Money Laundering Act of 2020.

The pilot program would permit a financial institution with a SAR reporting obligation to share SARs and information related to SARs with the institution’s foreign branches, subsidiaries, and affiliates for the purpose of combating illicit finance risks, subject to approval and conditions set by FinCEN.  The proposed rule aims to ensure that the sharing of information is limited by the requirements of federal and state law enforcement, takes into account potential concerns of the intelligence community, and is subject to appropriate standards and requirements regarding data security and the confidentiality of personally identifiable information. 
 
Read More »
Review the NPRM in Federal Register » 
 

Upcoming Virtual Conference Presented by Dallas Fed and Texas A&M Real Estate Research Center: Emerging Trends in Real Estate Markets Post-COVID

Federal Reserve Bank of Dallas and Texas A&M Real Estate Center | Jan. 26, 2022

What:

The COVID-19 pandemic has profoundly impacted nearly all industries, including real estate, where it has accelerated demand for housing and warehouse space. While home sales, apartment demand and absorption of industrial space remain highly elevated—and prices and rents are at all-time highs—activity in the office market remains in flux. Join industry analysts, economists and experts at this virtual conference to learn about the latest trends affecting residential and commercial real estate.
 
Who:
Co-sponsored by the Texas Real Estate Research Center at Texas A&M University and the Federal Reserve Bank of Dallas
 
Where:
Virtual event
 
When:
February 24–25, 2022
9–11:30 a.m. (both days)
 
Review the Agenda and Register »
  


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