July 5, 2023

In This Issue:

  • TDI Issues Call for 2022 Agent Statistical Data; Responses Due by Aug. 21
  • ALTA Provides Comments on FHFA Notice of Proposed Rulemaking on Fair Lending, Fair Housing, and Equitable Housing Finance Plans
  • ICYMI: Gov. Abbott Calls Second Special Session on Property Taxes

TDI Issues Call for 2022 Agent Statistical Data; Responses Due No Later Than Aug. 21

TLTA | June 30, 2023
The Texas Department of Insurance issued a call for agent statistical data on Jun. 29 to each agency in Texas in accordance with Texas Insurance Code §2703.153, which requires each title insurance company and title insurance agent engaged in the business of title insurance in Texas to annually submit certain data to TDI. TDI uses this data to set title insurance premium rates.

Please note that this call is for data collected during calendar year 2022. You must respond to this data call using the provided instructions and forms no later than Aug. 21, 2023.
 
If you are unable to download the forms or have any questions concerning this data call, please contact TDI's Property and Casualty Actuarial Office by phone at 512-676-6693 or by email at [email protected].

TLTA Editor's Note: In case you missed it, TDI recently published the Title Insurance Agent Experience Report Compilation for 2021. The underwriter experience report for 2021 is expected to be published soon.

ALTA Provides Comments on FHFA Notice of Proposed Rulemaking on Fair Lending, Fair Housing, and Equitable Housing Finance Plans

TLTA | June 26, 2023
Last week ALTA submitted comments on a proposed rule by FHFA that would formalize many of the agency’s existing practices and programs regarding fair housing and fair lending oversight of its regulated entities. 

ALTA's letter included comments on Fannie Mae's reported title waiver proposal, as well as the GSE's promotion of unregulated title insurance alternatives.

Download ALTA's Letter »

ICYMI: Gov. Abbott Calls Second Special Session on Property Taxes

TLTA | June 27, 2023
The first special session of the 88th Texas Legislature ended yesterday without final passage of bills addressing the items listed on Gov. Abbott's call. The governor responded by calling a second special session that started yesterday, June 27 at 3 p.m.

Special Session 2 agenda items: 

ELIMINATING A PROPERTY TAX IN TEXAS: Legislation to put Texas on a pathway to eliminate school district maintenance and operations property taxes. 

LASTING PROPERTY TAX RATE CUTS: Legislation to cut property tax rates solely by reducing the school district maximum compressed tax rate in order to provide lasting property-tax relief for Texas taxpayers.

Read the Governor's proclamation »
Read the Governor's press release »
 
TLTA Editor's Note: Your TLTA Advocacy Team continues to monitor these ongoing special sessions, which are likely to continue unless the Texas House and Senate can reach agreement on a property tax relief plan. Should there be meaningful progress on the property tax debate or the filing of any other bills that could impact our industry or Texas' real estate marketplace, we will alert you here in Dateline, thank you.