March 18, 2015
6,107 Bills Filed, Committee Process Begins
Last week proved to be a busy week for TLTA at the Texas legislature complete with hearings and the bill filing deadline.
Heidi Junge of Stewart Title testified on behalf of TLTA in a hearing by the Senate State Affairs Committee on SB 462, a bill which would establish a process for Transfer on Death Deeds in Texas. Heidi shared the concerns of the TLTA Legislative Committee as well as highlighted some of the suggested changes that we plan on submitting in order to amend the bill.
Our affirmative agenda also made progress as SB 584 by Uresti, clarifying how correction instruments are to be indexed, was heard in the Senate Intergovernmental Relations committee. TLTA legislative committee chair Mike Savas testified on behalf of TLTA and answered questions in what was a very positive and friendly hearing. The House companion, HB 1943 was referred to the
County Affairs Committee and we hope to secure a hearing soon.
Friday was the bill filing deadline. We are pleased to report that there was no bill filed that would challenge our system of rate regulation. However, there were a number of bills filed on the last day with a total of 6,107 bills filed this session, including 1,999 in the Senate and 4,114 bills in the House. We are in the process of reviewing, flagging, and tracking these bills now and will keep you updated on any that affect the title industry.
TLTA's Acclaimed CFPB Readiness Training Comes to Houston Next Week - Seats Going Fast!
TLTA is proud to announce it will be holding its third TILA/RESPA Training session in Houston on March 24th as part of the Readiness Training Series that began in Dallas and continued in Austin last month. Both the Austin and Dallas were near sellouts and evaluations have been overwhelmingly positive from the 400+ attendees.
Participant feedback includes “This was one of the best events I have attended in a long time. It was well organized and very valuable!"
This class gives you the tools you need to prepare for and implement the necessary changes in your operation required by CFPB. Providing a more in-depth discussion than has previously been offered, it features a detailed line-by-line walk-through of the new closing disclosure, a look at the changing roles and responsibilities of settlement agents and lenders, and a review of the new timelines for transactions.
Don't miss out - sellout expected!
Register Today!
Hilton Houston Post Oak
2001 Post Oak Blvd.
Houston, TX 77056
The CFPB Identifies 6 Compliance Violation Trends
Housingwire | March 11, 2015
The Consumer Financial Protection Bureau gave some insight on what investigations go on inside the agency and what mortgage violations the industry is likely to make. Between July 2014 to December 2014 CFPB ordered $19.4 million be paid out to more than 92,000 consumers.
Read More>>
Congressman Exploring New Strategy to Amend Dodd-Frank Act
The M Report | March 12, 2015
Representative Mike Fitzpatrick (R- Pennsylvania) introduced a bill that would give banks an additional two years to dispose of collateralized loan obligations as required by the Volcker Rule.
Read More>>
Sign Up Today for TLTA South Texas Seminar on April 11th
NEW THIS YEAR: TLTA is bringing two hot topic sessions to McAllen on Saturday, April 11. Choose between the
TILA/RESPA Readiness Training Session to get you ready for the new regulations going into effect in August or pick the
Endorsements,
Exclusions & Examination Session, perfect for plant and policy personnel!
Click Here for more info.
Register Today!
Registration Is Now Open For the TLTA Annual Conference and Business Meeting!
Review the tentative
schedule,
get registered and
make your hotel reservation today.
Register by April 30 to be eligible for free conference registration drawing
Register by May 22nd for early registration pricing
NEW THIS YEAR! Optional Pre-Conference program scheduled for June 17 at the Gaylord:
TLTA TRID Readiness Series Phase II
Hands-On, How-To Workshop that will take you through the new Closing Disclosure using case studies. Grab a calculator and a pencil and plan to join us!
10am-4pm includes lunch
Click here for Pre-Conference Program
Register Today!
Avoiding TDI Audit Violations: A Focus On Everyday Compliance
Thursday, April 9
Presenters:
Robert York - Texas Department of Insurance; Manager of Title Examinations
Brenda Nelson - Old Republic National Title Insurance Company
Nancy Waggoner - Republic Title of Texas
Register Today!