Aug. 11, 2016
TLTA To Present Free Webinar Next Thursday on U.S. Treasury FinCEN Order Effective Aug. 28
Texas Land Title Association | Aug. 11, 2016
As Dateline Austin reported last week, the U.S. Treasury Department Financial Crimes Enforcement Network (FinCEN) Geographic Targeting Order (GTO) for Bexar County goes into effect on Sunday, Aug. 28.
TLTA will present a free webinar next week outlining the order and how to comply. All title insurance agents and underwriters in Bexar County or who are involved in handling transactions in Bexar County are urged to participate.
"FinCEN Geographic Targeting Order: What You Need to Know Before Closing a Deal in Bexar County"
Thursday, Aug. 18, 3 - 4 p.m. CDT
Presented by Steve Gottheim, Senior Counsel, ALTA; and Lawrence Scheinert, Section Chief, Office of Special Measures, FinCEN.
No pre-registration required.
Go to this link shortly before the start time to participate.
Note: A recorded version will also be made available.
ALTA has also issued a press release and created several resources for those affected by the FinCEN GTO, including FAQs.
Find More Information on TLTA's FinCEN Webinar »
Read TLTA's Full Breaking News Alert »
TLTA President: "Small Businesses Will Suffer Under Proposed Title Insurance Changes"
NFIB/Texas | July 29, 2016
TLTA President James H. Dudley, IV, recently wrote an article for the National Federation of Independent Business (NFIB) about the negative impact of the proposed changes to our Texas title insurance regulations. Wrote Dudley, "Our efficient, secure title insurance system has helped Texas develop one of the best real estate markets in the country. Despite this fact, a small group of billionaires are pushing to move Texas into a radically different system that could have disastrous consequences."
Read the Article »
Will You Join NFIB? Please consider becoming a member of NFIB/Texas. An association of small businesses like yours, NFIB’s support is important as we work to educate the legislature about the negative effects of this proposal on small businesses.
Learn about NFIB/Texas »
Join the NFIB »
This story has been shared on social media by NFIB/Texas and TLTA. Please consider sharing it on your social media accounts, too!
CFPB Publishes 900-Page Final Rule on Mortgage Servicing
HousingWire | Aug. 4, 2016
The CFPB finalized new regulations Thursday that it says will ensure homeowners and struggling borrowers are treated fairly by mortgage servicers.
The final mortgage servicing rule will require servicers to provide certain borrowers with foreclosure protections more than once over the life of the loan, clarifies borrower protections when the servicing of a loan is transferred and provides loan information to borrowers in bankruptcy.
Read More »
Read the Final Rule »
Read all TItle XIV Rules: Mortgage Servicing on the CFPB Website »
Cyber Crooks Prowl Dallas’ Hot Home Market With Buyer Scams
Dallas Morning News | Aug. 3, 2016
Along with retailers and financial firms, you can add real estate agents to the growing list of businesses battling cybercrime.
Real estate sales firms and title companies are scrambling to put up defenses against internet scammers and overseas crooks who are trying to steal funds from homebuyers.
Read More »
CFPB’s Arbitration Rule Gets Backing From 65 House Democrats
Morning Consult | Aug. 3, 2016
Sixty-five House Democrats on Aug. 3 threw their support behind a Consumer Financial Protection Bureau proposal that would limit financial services companies from using clauses in legal agreements that prevent customers from taking legal class actions against them if they have been subjected to mistreatment.
Read More »
TLTA is lining up great webinars for the summer and fall. Register for these today, or watch them as On-Demand Webinars!
- Manufactured Housing as Real Property (Wednesday, Aug. 24)
This webinar will cover the process of recording ownership and perfecting a manufactured home as real property. It includes a review of necessary documents and required tax documentation. The instructor will discuss the process for recording statement of ownership and location with the county clerk.
- I Walk the Line...the County Line (Wednesday, Sept. 7)
Learn when and why directly issued policies (a.k.a. home office issues) are needed in the title industry. Become familiar with the working parts, applicable statute 2704.002, definitions and Procedural Rules in P-1, P-21, P-22, P-23, P-24, P-58 and P-62, and learn how to complete a form T-00 properly when dealing with multicounty, Single County or Best Evidence situations.
- Just Added: Escrow Accounting 101 (Thursday, Sept. 22)
The purposes of this course is to familiarize Texas title agents with the basic concepts of the three-way reconciliation. Topic experts will give an introduction to the concept of escrow/trust funds, review the book balance process, provide more information regarding bank balance including reconciling adjustments and review minimum escrow accounting procedures and internal controls.
- CFPB, TRID and RESPA (Wednesday, Oct. 12)
Presenters will discuss CFPB, TRID and RESPA topics in regard to introduction and authority, covered transactions, exempt transactions and disclosure requirements. In addition, presenters will elaborate on prohibited acts and enforcement. This webinar will cover materials helpful to prepare for TLTA Certification exams.