January 15, 2014
Financial Institutions and Consumer Credit Subcommittee Holds QM Hearing
HousingWire | Jan. 14, 2014
The Consumer Financial Protection Board's (CFPB) Qualified Mortgage (QM) rule is going to constrict access to mortgage credit and possibly stall housing, and members of Congress and mortgage industry leaders want a lot more flexibility in dealing with the CFPB's regulations that went into effect Jan. 10. That was the word from the House Financial Services Committee's subcommittee on Financial Institutions and Consumer Credit's hearing on Tuesday. Subcommittee Chair Rep. Shelley Moore Capito (R-WV) said that legislators want to establish what to watch for over the coming months so that they can take action sooner rather than later, in case some of the worst predictions come int to fruition.
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1 Hour Ethics Course Now Required for All Escrow Officers
Escrow officers renewing their licenses must now have 1 hour of ethics continuing education credit to comply with the new TDI requirements. Effective with the new TDI rule changes is a requirement that of the 10 hours of continuing education escrow officers must complete every two years, 1 hour must be on ethics. Therefore, at their next license renewal, all escrow officers will be required to have completed this new continuing education component.
TLTA Has Ethics Courses Available
To help you fulfill this new requirement, TLTA offers a 1 hour ethics course for purchase titled, "Avoiding Ethical Dilemmas in Title Transactions." This on-demand video recording features a panel of experts discussing a variety of fact scenarios that pose ethical dilemmas for title professionals in day-to-day title transactions. For pricing information and to purchase the video,
click here.
TLTA will also present a live webinar on Wednesday, Feb. 5, from 10:30-11:30 a.m. titled, "The Ethical Title Professional" by EJ Brent, CESA, CTIA, First American Title Insurance Company. The webinar will help you consider the ethical behavior in various situations and how to understand your particular style of ethical reasoning so you can confront and deal with ethical dilemmas. You can register for the live webinar
here, or if you'd like to register for a recording of the webinar that will be available three days after the live version, you can do so
here.
TDI Adopts 2014 Rates for Maintenance Fees and Exam Assessments
Assessments and Fees are Paid by Underwriters
The Texas Department of Insurance recently adopted amendments to the Texas Administrative Code that address the 2014 assessment of maintenance taxes and fees imposed by the Texas Insurance Code and the 2014 assessments to cover the expenses to examine domestic and foreign insurance companies. These assessments and fees are paid by underwriters. You can read more about the rule changes
here, and if you have any questions, please contact Joe Meyer at 512.463.6143 or
[email protected].
Upcoming Hot Topic Webinars— Register Today!
The Ethical Title Professional
Wednesday, Feb. 5 | 10:30 - 11:30 a.m.
Presented by: EJ Brent, CESA, CTIA, First American Title Insurance Company
The Real Estate industry as a whole, the Realtors, the lenders and the title companies all hold positions of trust for all parties while dealing with real estate transactions. This is an extremely important role and ethical behavior concepts are not just agreed upon in our society, but are set forth specifically by some laws and rules. This course is designed to help the title professional consider, again, the ethical behavior in each and every dealing. It will help to determine a particular style of ethical reasoning and how to use a reasoning power to confront and deal with ethical dilemmas and will give guidance and direction in order for attendees to become a true "ethical title professional".
Learn More & Register »
Avoiding TDI Audit Violations: Compliance & Recent Changes
Thursday, Feb. 13 | 10:00 - 11:30 a.m.
Presented by: Robert York, TDIs Manager of Title Examinations
Brenda Nelson, Old Republic National Title Insurance Company
Ed Hill, Ed Hill & Company CPAs, LLC
Our panel of experts will walk you through the most common mistakes and violations discovered during TDI audits, address internal weaknesses that hinder the audit process and provide important guidance on how you can stay in compliance and be prepared for your next TDI audit. Attendees will be encouraged to submit questions prior to the webinar.
Learn More & Register »