August 21, 2024
In This Issue:
- Compliance Reminder: TS-1 To Be Submitted by Sept. 30
- Basic Manual Update Series - Countdown to November 1, Installment 3: P-20.C. Taxes Not Yet Due and Payable
- TDI Announces Opening for Two Public Members on TTIGA Board - Applications Due Next Week
- Federal Judge Blocks FTC Noncompete Ban
- ICYMI: TLTA Legislative Chair Steve Streiff Testifies at State Capitol on Interim Charge Related to Foreign Ownership of Property
Compliance Reminder: TS-1 To Be Submitted by Sept. 30
Texas Department of Insurance | Aug. 22, 2024
Form T-S1, Title Agent's Unencumbered Assets Certification, must be submitted annually to the Department between Sept. 1 and Sept. 30 of each year.
Form TS-1 »
Please submit your TS-1 by the deadline listed above to
[email protected].
Basic Manual Update Series - Countdown to November 1, Installment 3: P-20.C. Taxes Not Yet Due and Payable
TLTA | Aug. 22, 2024
On May 14, 2024, the Texas Department of Insurance published a proposal to update, correct, and clarify rules and forms in the Basic Manual. The public comment period has passed. A final adoption order will be issued with a Nov. 1 effective date.
To ensure TLTA members are prepared for these upcoming Basic Manual changes, we launched a Dateline series, Basic Manual Update - Countdown to Nov. 1, to provide detailed overviews of the modifications that will be implemented in the Basic Manual starting Nov. 1.
This multi-part series covers revised rules and forms, helping you understand and implement changes by the November 1 effective date to ensure you and your business are in compliance with state regulations. We are grateful to TLTA Regulatory Committee Chair Roland Love for producing this series, as well as the webinar that you will find below.
Learn more about
TLTA's role in the development of the new rules being finalized by TDI for implementation in November.
Read installment 3 of this series below:
Installment 3
P-20.c. Taxes Not Yet Due and Payable
by Roland Love, Chair, TLTA Regulatory Committee
As part of the changes to the Basic Manual that will be implemented Nov. 1, the following changes will be made to P-20.C. Taxes Not Yet Due and Payable, which authorizes a title company to add wording to a loan policy or an interim construction binder (ICB) to insure the lender that taxes are not yet due and payable.
Read Installment 3 »
Read Installment 2 »
Read Installment 1 »
Looking for additional resources on Basic Manual changes to be implemented Nov. 1? Check out our on-demand webinar.
Watch our latest on-demand webinar,
2024 Basic Manual Changes, for a detailed overview of the upcoming rule and form changes presented by TLTA's Regulatory Committee Chair Roland Love.
TDI Announces Opening for Two Public Members on TTIGA Board - Applications Due Next Week
Texas Dept. of Insurance | Aug. 9, 2024
The Texas Department of Insurance is accepting applications for two public members of the Texas Title Insurance Guaranty Association (TTIGA) Board of Directors.
Applications are due Aug. 30, 2024
Learn more about TTIGA »
Review current TTIGA Board members »
Complete an appointment application »
Federal Judge Blocks FTC Noncompete Ban
The Hill | Aug. 20, 2024
A federal judge Tuesday blocked a nationwide ban on noncompete agreements from taking effect in September.
The Federal Trade Commission (FTC) voted in April to ban most noncompete agreements, which prevent tens of millions of employees from leaving their jobs to work for competitors or start a competing business.
Read More »
TLTA Editor's Note: In case you missed it, TLTA produced a webinar on FTC's non-compete ban. Register to watch it on-demand.
ICYMI: Texas Legislature: TLTA Legislative Chair Steve Streiff Testifies on Interim Charge Related to Foreign Ownership of Property
TLTA | Aug. 14, 2024
The Texas House Agriculture & Livestock Committee held a hearing Aug 13 to discuss foreign ownership of property. TLTA Legislative Committee chair, Steve Streiff was among the witnesses who testified. You can watch Steve's testimony beginning at timestamp 4:06:41 here.
(after you click the image above, advance to timestamp 4:06:41)
As we did when lawmakers debated foreign ownership of property last session, TLTA's advocacy team continues to share title industry-specific and broader real estate market insights with the legislative leadership, lawmakers and legislative staff studying this politically-charged subject.