Dec 1, 2022
In This Issue:
- Informal Public Meeting With TDI Dec. 16 to Discuss Title Insurance Rulemaking
- Legislative Update: TDI Posts Biennial Report to Texas Legislature, Lt. Gov. Announces Senate Priorities, and More
- Underwriter Data Call Due to TDI Today, Dec. 5
- FinCEN's Expanded GTO for Harris, Montgomery and Webb Counties Went Into Effect Nov. 25
- Escrow Ethics Webinar Available On-Demand: Claims and Ethical Issues
Informal Public Meeting With TDI Dec. 16 to Discuss Title Insurance Rulemaking
TLTA | Dec. 1 2022
TDI has scheduled an informal public meeting regarding title insurance rulemaking Dec. 16 at 9:30 a.m. TDI's regulatory team will be discussing their proposals, as well as industry supported proposals from TLTA.
It’s important to note that this is not a hearing, it's just an opportunity to explain the items and the background on each and answer questions anyone may have. These meetings are informal and offer all parties, as well as anyone form the public who is interested, a chance to participate in the process.
The goal is to work through any concerns in advance of a formal hearing. No formal hearing has been scheduled at this time.
Review TDI's Notice »
Legislative Update: TDI Posts Biennial Report to Texas Legislature, Lt. Gov. Announces Senate Priorities, and More
TLTA | Dec. 1 2022
TDI Biennial Report to 88th Texas Legislature
The Texas Insurance Code requires TDI to submit a report to the Texas Legislature before every legislative session recommending changes in law regarding the insurance lines TDI regulates and other agency responsibilities.
This
year's report contains one title insurance-specific recommendation:
Amend Insurance Code 2651.151 to allow electronic submissions of audit reports.
Review TDI's Full Report (Recommendation re: Title Insurance Audit Reports on Pg. 5) »
Lt. Gov. Announces Texas Senate Priorities for Session
Lt. Gov. Dan Patrick on Wednesday unveiled a list of 21 legislative priorities including property tax relief.
Read more »
Prefiling Continues
Texas Legislature's 88th Session commences Jan. 10, 2023, and pre-filing of legislation for the session continues.
Since our last legislative update on Nov. 16, we've added two bills to our
2023 bills of interest list. In addition to pursuing passage of our industry's affirmative legislative agenda—which will be approved by TLTA's Board of Directors in January—TLTA's legislative team reviews all bills filed during the session and monitors those that might impact our industry or the state's real estate marketplace.
We will maintain the bills of interest list throughout the legislative session, adding new bills of interest as they are filed. If these bills begin to move through the process and TLTA takes official positions on them, we’ll provide more detailed information about our stance and how they might affect you and your business.
Day at the Capitol - Registration Open Now
Your TLTA
PAC and legislative advocacy team have our work cut out for us educating legislators about title insurance – what we do and why our work is so important.
Maintaining effective lines of communication with the lawmakers who oversee our regulated industry will remain a top priority throughout the session, and your participation in
TLTA's Day at the Capitol Feb. 7-8 is crucial to our success. We plan to pack the halls of the Texas Capitol with title professionals in February –
join us!
Underwriter Data Call Due to TDI Today, Dec. 5
TLTA | Dec. 1, 2022
The Texas Department of Insurance (TDI) issued this mandatory data call under Insurance Code Section 2703.153, which requires title insurance underwriting companies to submit data to TDI annually. TDI uses this data to set title insurance premium rates, as required by Insurance Code Section 2703.151. This data call requests income, expense, and policy data from calendar year 2021.
Underwriter Data Call for 2021
Report File and Affidavit are due Dec. 5, 2022
Reporting period Jan. 1, 2021 - Dec. 31, 2021
Review TDI Commissioner's Bulletin Announcing the Call and Providing Instructions »
FinCEN's Expanded GTO for Harris, Montgomery and Webb Counties Went Into Effect Nov. 25
TLTA | Dec. 1, 2022
The Financial Crimes Enforcement Network (FinCEN) recently announced the renewal and expansion of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in non-financed purchases of residential real estate.
FinCEN expanded the geographic coverage of the GTOs to Harris, Montgomery and Webb counties.
This change when into effect Nov. 25.
FinCEN also renewed the GTOs that cover Dallas, Tarrant, Bexar counties and other major U.S. metropolitan areas. That renewal was effective as of Oct. 27.
Read FinCEN's Press Release »
Review GTO »
FAQs Regarding GTOs »
New Ethics Webinar Available On-Demand
Claims and Ethical Issues
CE CREDITS
1 hr Escrow Ethics
The duties of Texas escrow officers include potential for ethical dilemmas in different stages of the real estate transaction. Claims and Ethical Issues is a beginner webinar designed to give escrow officers the proper tools and ethical best practices to use when dealing with claims in the field. Using situational examples, this course covers ethical duties escrow officers need to follow within the law and guidelines that are set for them. Items identified and discussed in this webinar include a general and basic understanding of title insurance principles, coverages, laws, rules and regulations, and the duties and responsibilities of title insurance professionals.
Presenter:
Roland Love
Independence Title
Webinar Rating: (Beginner)
Cost: $40 for TLTA members / $54 for non-members
Available Anytime On-Demand
Register Now
Looking for more educational tools?
Check out TLTA's collection of more than 80 on-demand webinars and videos!