July 3, 2024
In This Issue:
- Texas Data Privacy And Security Act Effective July 1 - Title Companies, Agents and Plants Are Not Subject to the New Requirements
- ALTA: Analysis and Insights on FinCEN's Anti-Money Laundering Rule, Proposal to Expand GTO Reporting Nationwide
- CFPB and FHFA Release Updated Data from the National Survey of Mortgage Originations for Public Use
Texas Data Privacy And Security Act Effective July 1 - Title Companies, Agents and Plants Are Not Subject to the New Requirements
TLTA | July 3, 2024
You may have read that the Texas Data Privacy and Security Act, which was passed last legislative session as
HB 4, went into effect July 1. For some businesses operating in Texas, this act will impact how they handle consumer information. You can
learn more here.
As you may have read in the
TLTA 88th Session Legislative Report, title companies, agents and plants are excluded from the requirements of this new oversight. We're grateful for the lawmakers who amended the bill to carve out our industry after recognizing the unique consumer privacy requirements our industry is already subject to.
ALTA: Analysis and Insights on FinCEN's Anti-Money Laundering Rule, Proposal to Expand GTO Reporting Nationwide
TLTA | July 2, 2024
ALTA recently published the following FinCEN-related analysis and insights in their publication, Title News:
Breaking Down the FinCEN Anti-Money Laundering Rule »
Deputized to Help Prevent Money Laundering? FinCEN’s Proposed Rule Requires Nationwide Reporting About All-cash Residential Deals Involving Legal Entities and Trusts »
CFPB and FHFA Release Updated Data from the National Survey of Mortgage Originations for Public Use
CFPB | July 1, 2024
The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) published updated loan-level data for public use collected through the National Survey of Mortgage Originations (NSMO). The data also provide updated mortgage performance and credit information for a nationally representative sample of mortgage borrowers from 2013 to 2021.
Read More »