2024
TDI Adopts Changes to Title Insurance Rules, Forms, and Statistical Plan
Basic Manual Changes Effective Nov. 1, 2024; Stat Plan Changes Effective Jan. 1, 2025
TDI Announces Public Meeting to Hear Comments on Title Insurance Rates on Oct. 22
TLTA has anticipated this public meeting and will participate on our industry's behalf.
ICYMI: Hearing originally scheduled Sep. 19 was cancelled
FinCEN Issues Final Rule on Reporting Requirements for Certain All-Cash Residential Real Estate Transfers
GTO reporting expanded to all markets nationwide. Final rule effective Dec. 1, 2025. FinCEN's initial analysis of how the final rule differs from the rule proposal
TDI Announces Hearing on Title Insurance Basic Premium Rate Sept. 19
The Texas Department of Insurance (TDI) will hold a hearing to consider a change to the title insurance basic premium rates. The hearing will begin at 2 p.m. on September 19, 2024.
CFPB May Consider Ban on Charging Buyers for Lender’s Title Policy
Charging home buyers for title insurance is a long-standing industry practice intended to protect lenders. A Bloomberg report initially broke that the CFPB will soon issue a broad request for information on closing costs – including title insurance.
White House announces pilot project to waive requirement for lenders' title insurance on certain refinances.
In addition to official statements issued yesterday, President Biden addressed the project during his State of the Union speech last night: "And my administration is also eliminating title insurance on federally backed mortgages. When you refinance your home, you can save $1,000 or more as a consequence."
FinCEN Proposes New Reporting Requirements for Title Agents . This notice of proposed rulemaking is the first step in FinCEN's process of adoption of new rules and will be followed by a sixty-day comment period.