February 8, 2024

In This Issue:

  • FinCEN Proposes New Reporting Requirements for Title Agents
  • TDI Announces Opening for Two Public Members on TTIGA Board
  • Upcoming industry education opportunities

FinCEN Proposes New Reporting Requirements for Title Agents 

TLTA | Feb. 8, 2024
The notice of proposed rulemaking announced by FinCEN yesterday is the first step in FinCEN's process of adoption of new rules and will be followed by a sixty-day comment period. TLTA is monitoring this significant regulatory proposal, will submit comments to FinCEN on behalf of the Texas title insurance industry, and will keep you apprised as this proposal moves closer to implementation.
 
FinCEN official statement regarding the agency's intentions
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rulemaking to combat and deter money laundering by foreign “Politically Exposed Persons” (PEPs) in the U.S. residential real estate sector by increasing the ability for federal identification and monitoring of individuals in certain transactions. The proposed rule would require certain professionals involved in real estate closings and settlements to report information to FinCEN about non-financed transfers of residential real estate to legal entities or trusts.
Review FinCEN's full press release.

TLTA members: What should you know?
FinCEN is proposing reporting and compliance requirements that would have a significant impact on you and your business when handling cash transactions. 
 
What's in the proposal?
Review TLTA's initial analysis at this early stage of FinCEN's proposal process.

TDI Announces Opening for Two Public Members on TTIGA Board

Texas Department of Insurance | Feb. 6, 2024
The Texas Department of Insurance is accepting applications for a public member of the Texas Title Insurance Guaranty Association (TTIGA) Board of Directors.
 
Learn more about TTIGA »
Review current TTIGA Board members »
Complete an appointment application »

Upcoming industry education opportunities

TLTA | Feb. 8, 2024
Upcoming opportunities to grow your industry knowledge
 
 

 
Experience an elevated approach to learning with TLTA's 2024 Land Title School! Our refreshed program goes beyond the basics, offering advanced content, interactive workshops, small group discussions, and dynamic testing. We're here to empower professionals with 3-5 years of experience to become invaluable assets in our ever-evolving industry.
 
School is only offered once a year and won’t return until 2025, so you don’t want to miss this rare opportunity.
  
Land Title School of Texas
March 4 - 6, 2024
Kalahari Convention Center, Round Rock
 
REGISTER FOR SCHOOL NOW
 
 

 
Get ready for another dynamic exchange of resources, strategies, and solutions at the TLTA 2024 Annual Conference and Business Meeting!
 
2024 TLTA Annual Conference and Business Meeting
June 3-5, 2024
La Cantera Resort, San Antonio
 
This year, we're putting together a schedule jam-packed with the hottest industry topics, including:
  • What's Ahead for the Real Estate Economy 
  • Cyber Attack Proofing Your Company 
  • De-Mystifying AI Tools
  • Regulatory and Legislative Briefing
 
Registration opens Feb. 15.
 
Save the date and make your plan to join us!