July 1, 2015
Texas Supreme Court Rules on Deed Mistakes and Statute of Limitations
Decision preserves the integrity of the statute of limitations for recorded deeds
By: Leslie Johnson & Roland Love – Winstead PC, Dallas
The Texas Supreme Court recently decided a case addressing the applicability of statute of limitations when there is an "obvious omission in an unambiguous deed." The Court held that the parties to a recorded deed are charged with actual knowledge of the contents of the deed at the time of execution as a matter of law and that the statute of limitations runs from that date, thus barring any application of the discovery rule.
This case, Cosgrove v. Cade, reemphasizes the need for doc prep counsel to prepare documents with both the contract and commitment in hand. It also highlights the importance of a post-closing review to compare the deed, deed of trust and policy for consistency with the contract or loan documents.
For a full summary of the decision, click
here.
New Laws, New Requirements – What You Need to Know!
Legislative Update Webinar Coming July 8th
Sept. 1 marks the effective date of a whole host of new Texas laws that will impact the title industry. Find out how the 84th Legislative Session changed your business from two outstanding attorneys who monitored all and worked on many of the changes that went through the Texas Legislature. Michael Savas, Vice President and Senior Texas Counsel for First American Title Insurance Company, and Aaron Day, TLTA's Director of Government Affairs and Counsel, will provide you with practical insight on what you need to be aware of now so you can be prepared for the new laws.
You'll learn about:
Escrow Officer Licensing
Correction Instruments
Transfer on Death (TOD) Deeds
Powers of Attorney
.....and much more!
Sign up for the “New Laws, New Requirements - What You Need To Know!” webinar
here.
TLTA’s “The Texas Disclosure” Webinar and TRID Readiness
Series Training, Part 2 in Houston coming July 7th and July 15th
TLTA’s experienced team of TRID trainers have been providing practical, in-depth and hands-on training for over a year now to assist the title industry in preparing for the big changes that CFPB will bring on October 1. At this time TLTA has educated more than 1500 people and will be adding to that number with over 125 people already registered for the July 7 Webinar – “The Texas Disclosure – What Goes on it and how to explain it at closing” and the final in-person presentation of the hands-on workshop,"TRID Readiness Series Training – Part 2”, scheduled for July 15 at the HESS Club in Houston. Don’t miss out on your last chance for expert education on these changes coming your way soon!
Sign up for the “The Texas Disclosure” Webinar
here.
Sign up for the Houston TRID Readiness Series Training, Part 2
here.
TLTA's 2015 Annual Conference & Business Meeting a Huge Success!
The 2015 Annual Conference and Business Meeting was a huge success! Held June 18 – 20 at the Gaylord Texan in Grapevine, 425 attendees came for a series of educational opportunities, interesting speakers, networking and fun social activities. This year’s conference featured the optional pre-conference TRID Readiness Series, Part 2 with over 275 attendees. Be sure to download the presentations from two of our Opening Session presenters. Also, we have a limited number of signed books from our Closing Breakfast speaker and author of “The Monuments Men: Allied Heroes, Nazi Thieves, and the Greatest Treasure Hunt in History,” Robert Edsel, available here.
View highlights from the Conference on
TLTA's Facebook page here — you do not need a Facebook account to view the album. While you're there, don't forget to "Like" our page to see additional photos from the Conference and other events throughout the year!
Tom Rutledge Awarded Honorary Member
for Meritorious Service to TLTA
The TLTA Board of Directors unanimously voted in the fall to name long-time TLTA Counsel, Tom Rutledge, an Honorary Member for Sustained Meritorious Service. Tom recently retired from Sneed, Vine in Austin after 35 years and he served as TLTA Counsel for almost 30 of those 35. Tom will join his mentor and partner at the firm, Robert Sneed in this distinguished group.
“Tom’s love of the law and his respect for it coupled with his unquestionable integrity have earned him a sterling reputation among his peers and colleagues,” said Leslie Midgley, TLTA Executive Vice President and CEO. “As his client, TLTA was the lucky beneficiary of that reputation. He made TLTA and this industry his life’s work over the last 30 years and for that we are eternally grateful.”
Don't Miss Your Last Chance for This Session!
HOUSTON - Wed, July 15, 2015 | 10 am-5:30 pm, includes working lunch.
TRID Readiness Series Part II - Hands-On Training for Completing the New Closing Disclosure
You've learned about Integrated Mortgage Disclosures and the changes the TRID Rule will make in your loan closing process. Now, join our experts for this hands-on workshop & learn how to fill out the New Closing Disclosure Form. Grab a pencil, bring your calculator & join us!
“Great job. Best TRID training I have been to so far!!!” – Dallas attendee
“FABULOUS! More info in one stop than received previously. Feeling more equipped for sure.” – Dallas attendee
“Best seminar that I have attended. GREAT JOB!!!” – Austin attendee
“This is a very valuable tool for this new process/form. Knowing the rule and what is required is one thing but actually working with a case study and the form itself is exactly what I have been needing.” – Austin attendee
Register Today!