April 19, 2023
In This Issue:
- 88th Texas Legislature: Trust as Grantee Clarification Bill Heard in Committee; House Passes Property Tax Relief Package
- MISMO Announces Call for Participants to Join New eHELOC Development Workgroup
- City Attorneys Subpoena Company Providing Home Title Theft Services
88th Texas Legislature: Trust as Grantee Clarification Bill Heard in Committee; House Passes Property Tax Relief Package
TLTA | April 19, 2023
The Texas Senate passed their version of the state budget for the upcoming biennium earlier this week. You can learn more about the Senate's
proposal here. Now the House and Senate will appoint conferees to work out the differences in the chambers' plans.
Also worth noting: the Texas House passed their property tax relief package, setting the stage for fight with Senate re: appraisal cap reform.
Learn more here.
There are 39 days remaining in the Texas Legislature's 88th Session.
Trust as Grantee Clarification Bill HB 4281 Heard in House Business and Industry Committee Monday
As part of our industry's affirmative agenda for the 88th Legislative Session, TLTA is seeking passage of a bill clarifying that a deed conveying title to a trust (as opposed to naming the trustee of that trust) should be deemed to be a conveyance into the trustee.
HB 4281, which was filed by Rep. Longoria and would accomplish the goals spelled out in this
one-pager, was heard in the House Business and Industry Committee on Monday.
TLTA Legislative Committee Chair Steve Streiff’s testimony was well received by the House committee. TLTA appreciates our partners in this effort to clarify lingering confusion regarding deed conveyance involving trusts.
This bill's identical companion,
SB 801 by Senate State Affairs chair Hughes, has already been approved by the Texas Senate.
Other Movement on Bills We're Working to Pass - RIN Bill, SB 1780
RIN Bill,
SB 1780 - Reported Favorably by Senate State Affairs April 13
TLTA's Affirmative Legislative Agenda: Bills We're Working to Pass
As noted in the blurbs above, TLTA's advocacy team is supporting passage of the following bills during the 88th Legislative Session. These affirmative legislative agenda items were approved by
TLTA's Board of Directors as recommended by our
Legislative Committee, which is chaired by Steve Streiff. These statutory changes would improve real estate transactions statewide:
Trust as Grantee Clarification
SB 801 (Sen. Hughes) |
HB 4281 (Rep. Longoria)
Review TLTA's One-Pager
Status: Passed by Texas Senate, Heard and Left Pending by House B&I Committee
Remote Ink Notarization
SB 1780 (Sen. Parker) |
HB 5004 (Rep. Capriglione)
Review TLTA's One-Pager
Status: Reported Favorably by Senate State Affairs Committee, Referred to House Judiciary and Civil Jurisprudence Committee
Bills TLTA's Board Voted to Support
In addition to the bills we're working to pass listed above, TLTA's Board voted April 4 to support the following bills this session:
Bills TLTA is supporting this session »
TLTA is Actively Working on These Bills That Could Impact Our industry
While we are monitoring more than 100 bills this session that could impact our industry or the state's real estate marketplace, some of the bills on that list require active engagement by our advocacy team. Review list of
bills TLTA is working on that could impact our industry.
We are working with the bill authors and other stakeholders to address concerns and seek improvements to these bills to avoid unintended consequences and preserve our daily functions as title agents and underwriters.
Questions About TLTA's Legislative Process?
TLTA's Legislative Committee, Local Legislative Liaisons, our industry's grassroots network and the TLTA PAC Board of Governors are all part of TLTA's team of engaged legislative advocates.
Learn More About TLTA's Legislative Process and How You Can Get Involved »
MISMO Announces Call for Participants to Join New eHELOC Development Workgroup
MISMO | April 13, 2023
The Mortgage Industry Standards Maintenance Organization (MISMO) said Thursday it is seeking participants for a new development workgroup (DWG) focused on creating standards for electronic Home Equity Lines of Credit (eHELOC).
Learn More »
City Attorneys Subpoena Company Providing Home Title Theft Services
CBS8 | April 10, 2023
The City Attorneys' offices of San Diego and San Francisco announced Monday that they had issued a subpoena for information from a company they allege makes false claims regarding the threat of home title theft, a concept the City Attorneys say is impossible in California.
Home Title Lock claims to provide services that safeguard homeowners from home title theft, in which scammers purportedly can steal homeowners' properties by recording fraudulent title documents.
Read More »
TLTA Editor's Note: ICYMI, Texas Attorney General Paxton earlier this year announced an investigation of Title Lock for potentially violating the Texas Deceptive Trade Practices Act by misleading consumers with deceptive statements concerning the prevalence of home title theft and the need for Home Title Lock’s services. Learn more.