December 4, 2013                           View in Browser >

Aaron Day
Director of Government Affairs and Counsel




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Guaranty Recoupment Charge Ruling Expected Soon
On Nov. 15, the Texas Department of Insurance held a hearing to determine the Guaranty Assessment Recoupment (GARC) fee to be charged in connection with the failure of Southern Title Insurance Corporation. We anticipate the Commissioner will rule on the exact amount of the fee by mid-December, with an early January effective date for compliance. Title agents should begin preparations internally now to be ready to collect this fee starting in January. TLTA will continue to update you throughout this process, and if you'd like to read more about the GARC fee, you can do so here.

It's important to note that this GARC Fee is different than the Guaranty Fee, which is being reduced from $2.00 to $0.00 beginning Jan. 1, 2014. You can read more about that fee here

Texas Housing Market Reacts to Massive Influx of New Residents
Dallas Morning News | Nov. 28, 2013
The Texas housing market is reacting to the massive influx of new residents spurred to move to the Lone Star state in search of high-paying energy and professional service jobs, as well as low cost of living. As more residents move to Texas from other states with a higher median home prices, the housing markets in Dallas, Houston and Austin have been bolstered by rising home prices of double-digit year-over-year growth, according to technology-based real estate brokerage firm Redfin's latest report." Read More »

Basic Manual Changes Coming in January — to Get Your Updates!
Substantial changes are coming to the Basic Manual in 2014 and the first updates will go into effect Friday, Jan. 3, 2014. If you haven't already, subscribe to TLTA's Basic Manual Online Service here to ensure you receive these updates as soon as they occur. If you subscribed in 2013 and simply need to renew, you can do so here. If you have any questions about your subscription, please email or call 512.472.6050.

Upcoming Webinars on New TDI Requirements — Register Today!
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 »

Agent Licensing Changes & New CE Requirements
Tuesday, Dec. 17 | 10:30 - 11:30 a.m.
Agency owners and managers, as well as underwriter agency representatives and managers, should definitely find the time for this webinar. There are several changes in how existing agents will be licensed the future, as well as new training requirements to be met for new agent licensing. Learn More & Register »


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Texas Land Title Association, 1717 W. 6th St., Suite 120, Austin, TX, 78703
Phone 512.472.6593 |  Fax 512.472.5931
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