November 3, 2021

In This Issue:

  • Texas Election Update: Republican John Lujan Wins Special Election Runoff for Texas HD 118 in San Antonio; Texans Appear to Have Approved All 8 Constitutional Amendments on the Ballot
  • Underwriters: TDI Meeting on Maintenance Tax and Exam Assessments Nov. 17
  • FinCEN Renews Real Estate Geographic Targeting Orders for Dallas-Fort Worth, San Antonio, and Other Metropolitan Areas Outside of Texas
  • Digital Closing and eMortgage Boot Camp Hosted by ALTA, MBA and MISMO in San Antonio Dec. 6-7
  • ICYMI: TLTA Amicus Letters Update: Supreme Court Analyzes Whether Assignee Must Sign Material Correction Instrument Where Original Parties Still Exist

Texas Election Update: John Lujan Wins Special Election Runoff for HD 118 in San Antonio; Texans Appear to Have Approved All 8 Constitutional Amendments on the Ballot

Texas Land Title Association | Nov. 3, 2021
In a special election runoff yesterday for Texas House District 118 in San Antonio, John Lujan beat Frank Ramirez. Lujan will replace former state Rep. Leo Pacheco, who resigned earlier this year.
 
You can read more extensive coverage of this news in this report by Texas Tribune.
 
Additionally, Texas voters appear to have approved all eight of the constitutional amendments on the ballot yesterday, including two amendments related to special homestead exemptions. See how Texans voted on the constitutional amendments here.   
 
Although the Texas Secretary of State's Office has not declared the results of yesterday's elections final yet, the votes from 100% of counties and polling locations have been reported.
 

Underwriters: TDI Meeting on Maintenance Tax and Exam Assessments Nov. 17

Texas Department of Insurance | Nov. 3, 2021
The Texas Department of Insurance (TDI) will have a stakeholder meeting on projected rates for insurance maintenance taxes and exam assessments at 11 a.m. Central, Nov. 17 on Zoom.
 
Here are registration details and additional information. 
 

FinCEN Renews Real Estate Geographic Targeting Orders for Dallas-Fort Worth, San Antonio, and Other Metropolitan Areas Outside of Texas

U.S. Treasury | Oct. 29, 2021
 The Financial Crimes Enforcement Network (FinCEN) announced the renewal of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash purchases of residential real estate.  The purchase amount threshold remains $300,000 for each covered metropolitan area.
 
Read the Announcement »
Review the GTO »
FAQs Related to GTOs »
 

Digital Closing and eMortgage Boot Camp Hosted by ALTA, MBA and MISMO in San Antonio Dec. 6-7 

TLTA | Nov. 3, 2021
ALTA, MISMO and the Mortgage Bankers Association are hosting a special program, Digital Closing and eMortgage Boot Camp, at the Hyatt Hill Country Resort Dec. 6-7. TLTA members registering for boot camp qualify for 25% off registration fee by using code SLTA when they register.  
 
TLTA's Texas Land Title Institute will be hosted at the same resort Dec. 9-10, and our popular DocPrep program will be hosted there Dec. 8.
 
There's a week's worth of educational opportunities in a one-stop experience at the beautiful Hyatt Hill Country Resort Dec. 6-10!
 

ICYMI: TLTA Amicus Letters Update: Supreme Court Analyzes Whether Assignee Must Sign Material Correction Instrument Where Original Parties Still Exist

Jeremy T. Brown, TLTA Judiciary Committee Member | Oct. 27, 2021
The Texas Supreme Court issued final opinions in two cases for which TLTA submitted amicus letters: 
  • Concho Resources, inc. et al. v. Marsha Ellison, d/b/a/ Ellison Lease Operating
  • Broadway Nat’l Bank v. Yates Energy Corp.
In this new report by TLTA Judiciary Committee member Jeremy T. Brown, Supreme Court Analyzes Whether Assignee Must Sign Material Correction Instrument Where Original Parties Still Exist, you will find new, deep dive analysis of these cases based on the Supreme Court's final opinions. 
 
TLTA's Judiciary Committee, which is chaired by Leslie Johnson, is responsible for recommending to our board of directors TLTA's position on court decisions that could affect the defense of title companies and title agents.
 
Read Jeremy Brown's Report »
Review TLTA's Amicus Letter for Concho Resources, inc. et al. v. Marsha Ellison »
Review TLTA's Amicus Letter for Broadway Nat’l Bank v. Yates Energy Corp. » 


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