April 16, 2014

CFPB to Host Forum on Mortgage Closing Process

Next Wednesday, April 23, at 1:30 p.m. CDT, the Consumer Financial Protection Bureau (CFPB) will host a forum on the mortgage closing process. The event will feature remarks from Director Richard Cordray, as well as a discussion with consumer groups, industry representatives and members of the public. The link to the live stream will be available here shortly before the event gets under way.

New TLTA Minimum Capitalization Guide Helps You Stay Compliant

As part of the Commissioner's Rule Order issued late last year, new agent minimum capitalization requirements were put in place that will go into effect on July 3, 2014. TLTA has prepared this guide to help answer questions about the new requirement and help you navigate the changes so you can plan for your method of compliance. The guide includes:

    The amount of unencumbered assets you must maintain
    How much time you have to comply
    How to provide notification to TDI that you are complying
    Copies of the new minimum capitalization rules and relevant forms
Today's Webinar Will Walk You Through the New Rules
TLTA will host a live webinar today, April 16, that will detail the steps an agency must take to comply with the new solvency rules. The webinar will also go over the documents that need to be furnished to the Texas Department of Insurance as proof. Learn more and register for the live webinar here, or purchase an on-demand recording of the webinar that will be available three days after the live version here.

Have an Issue You Want the TLTA Legislative Committee to Study?

In the coming weeks, the TLTA Legislative Committee will meet to begin discussing priorities for the 84th Legislative Session. If you have an idea or an issue you would like the committee to study, please let us know via this form. All issues submitted will be reviewed, and if you have any questions, please contact David Glenn at 512.879.2891.

Register for These Upcoming Hot Topic Webinars!

Minimum Capitalization: What Agents Should Know
Wednesday, April 16 | 1:30 - 2:30 p.m.
Presented by:
John Rothermel, Stewart Title Guaranty SW Regional Underwriting Office
Live Version | On-Demand Version

Got Claims?
Thursday, April 17 | 1:30 - 2:30 p.m.
Presented by:
Bobbye Harris, Underwriting Counsel/VP, Fidelity National Title Group
Live Version | On-Demand Version

What Texas Title Agents Need to Know About the New CFPB Closing Disclosure Rule
Tuesday, April 22 | 2 - 3:30 p.m.
Presented by:
Celia C. Flowers, Attorney, Flowers Davis, PLLC and East Texas Title Companies
Janet S. Minke, CTIA, Vice-President, Underwriting Support Services, Alliant National Title Insurance Company
Leslie Wyatt, Director of Industry Relations, SoftPro
Live Version | On-Demand Version

TDI Audit Violations: A Focus on Compliance & Your Questions on Recent Changes
Wednesday, May 7 | 10 - 11:30 a.m.
Presented by:
Robert York, TDI Manager of Title Examinations
Brenda Nelson, Old Republic National Title Insurance Company
Ed Hill, Ed Hill & Company CPAs, LLC
Live Version | On-Demand Version

Escrow Procedures - It Really IS All About the Money!
Wednesday, May 14 | 1:30 - 2:30 p.m.
Presented by:
Denise Smith Holmes, Independence Title Company
Nancy Waggoner, Republic Title of Texas, Inc.
Live Version | On-Demand Version

Water Rights in the Everyday Lives of Texans
Tuesday, May 20 | 10:30 - 11:30 a.m.
Presented by:
Charles R. Porter, Jr., St. Edward's University
Live Version | On-Demand Version