October 17, 2013                           View in Browser >

Aaron Day
Director of Government Affairs and Counsel




Visit the TLTA Job Bank!


Register for the Institute


Purchase the Stamper Book!

Sponsored by:

TDI Commissioner Signs Rule Order Addressing 71 Agenda Items
Texas Department of Insurance (TDI) Commissioner Julia Rathgeber has signed a final order on agenda items heard in the Feb. 28, 2012, Rule Hearing. Most of the changes will go into effect on Jan. 3, 2014, with the exception of the agent minimum capitalization requirements that become effective July 3, 2014. View TLTA's Breaking News here and the full Rule Order here.

What's Changed? A Guide to the Order
There are several very significant changes including items addressing agency solvency requirements, agent licensing requirements, continuing education requirements and changes to rules and forms. Additionally, there are many housekeeping items. TLTA has prepared this guide to help you navigate all of these changes. The guide categorizes all the Basic Manual changes and provides a brief description of each agenda item and a link to the full text. As a reminder, in March 2012, the Commissioner issued a separate order on withdrawn and disapproved agenda items, which you may view here.

Order Your Basic Manual Updates from TLTA Now to Stay Compliant
Purchase the TLTA Basic Manual Service today here to receive updates directly to your email by the January effective date so you can print and update your hard copy if you choose. You'll also have immediate access to our always up-to-date online version of the Basic Manual with easy search features and downloadable forms. Sign up today, and you're subscription will last through Dec. 31, 2014 — that's more than two months free! Already signed up for the TLTA Basic Manual Service? Renew for 2014 here.

TLTA Webinars Will Walk You Through the Changes
TLTA has developed a series of four in-depth webinars to walk you through all the changes and help get you and your staff ready to comply by the effective dates. Learn more about these webinars in the story below or register for them now here

TDI Schedules Informal Public Meeting Prior to November Southern Title Recoupment Fee Hearing
The Texas Department of Insurance (TDI) has issued notice of an Informal Public Meeting to take place Monday, Oct. 21, at 2 p.m. at the TDI Building in Austin. The purpose of this informal meeting is to take stakeholder input prior to the Nov. 15 hearing regarding the recoupment fee to be charged in connection with the failure of Southern Title Guaranty Company.

TLTA will represent the industry at this public meeting and provide input to TDI regarding the method of setting and collecting the fee. For planning purposes, a fee will be set after the November hearing and agents will be required to collect it in a similar manner to the guaranty fee, beginning early in 2014.

It is also important to note that although this is referred to as a "rate hearing," the purpose of the November hearing is to simply establish the amount to be charged for a guaranty assessment recoupment fee in connection with the failure of Southern Title Guaranty Company and not to review the basic premium rate.

We will continue to keep you posted as this process continues.

CFPB Releases New Mortgage Servicing Bulletin and Interim Final Rule
The Consumer Financial Protection Bureau (CFPB) has released a bulletin and interim final rule to provide more clarity concerning mortgage servicing rules that take effect in January 2014. Read Full Press Release »

If you are not currently signed up to receive email updates from the CFPB, you can sign up .

The TLTAPAC Needs Your Help — Donate to TLTAbay Today! 
This Year's Auction Will Run Nov. 7 - 14
The TLTAbay online auction is an annual fundraiser benefiting the TLTAPAC. This year's auction will begin Thursday, Nov. 7, and run through Thursday, Nov. 14. We need your help to secure auction items and ensure another spectacular year. Suggested donation items include: electronics, gift cards, sporting event tickets, travel vouchers, vacations, spa packages and jewelry. Don't know what to donate? You can make a monetary donation and we'll do the shopping for you! Read more about the auction and make a donation here or contact David Glenn for more information.

Upcoming TLTA Hot Topic Webinars — Register Today!
Navigating the Hazards of Construction Closings

Wednesday, Oct. 23 | 10:30 - 11:30 a.m.
This webinar will discuss the various aspects of construction loans, such as lien validity and priority, applicable rate and procedural rules, and the basics of closing these transactions. This presentation is geared to help a new closer with the ABC's of construction closings, but will also provide tools for the experienced closer to use to help solve problems that can arise on any construction transaction. Learn More & Register »

Overview of New TDI Rule & Form Changes
Thursday, Nov. 7 | 10:30 - 11:30 a.m.
You've been hearing about these changes for two years...now they are official. This webinar will give you a brief look at all of the changes to help you decide which areas need more in depth study for your business. Learn More & Register »

Intestacy in Texas: Who Gets What When There's No Will?
Wednesday, Nov. 13 | 10:30 - 11:30 a.m.
How do you sort out who needs to sign when someone in title dies without a will? This webinar will review the Texas intestacy laws, as well as contain some scenarios for participants to interact and help determine who may need to come to closing. The basics of intestacy will also be discussed, as well as types of probates commonly used when a deceased dies without a will. Other intestacy issues discussed include adopted individuals and disclaimer of interests. Learn More & Register »

New and Revised Procedural Rules, Rates and Forms
Tuesday, Dec. 3 | 10:30 - 11:30 a.m.
Closer, Assistants, forms managers: this webinar is for you! Lots of housekeeping changes to procedural rules, rate rules and to many, many forms. Two new insuring forms that will go into effect after the next rate hearing. A change to Minimum Escrow Accounting Procedures to address mobile notaries. Learn More & Register »

New Agent Solvency Requirements
Wednesday, Dec. 11 | 10:30 - 11:30 a.m.
Are you an owner or manager? Do you assist agents who are new to our industry? If so, this indepth look at the new mandatory solvency requirements is a must for you. This webinar will help you sort out the various plans, learn about reporting requirements and understand the new forms to implement it all. Learn More & Register »


Share Dateline:

Use your TLTA online login and password to register for events and buy products!
Your login is: Your password is: tlta123

Texas Land Title Association, 1717 W. 6th St., Suite 120, Austin, TX, 78703
Phone 512.472.6593 |  Fax 512.472.5931
To unsubscribe from future emails, click here.


If you would prefer not to receive emails from us, go here.
Please send any comments about this email to tlta@tlta.com

Informz for iMIS