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NOTICE TO MEMBERSREVISED*NOW Effective August 1, 2023*District of Columbia’s Recorder of Deeds (ROD) offices will begin extensive renovations fromAugust 2023 through May 2024
NOTICE TO MEMBERS
*NOW Effective August 1, 2023*
District of Columbia’s Recorder of Deeds (ROD) offices will begin extensive renovations from
August 2023 through May 2024
The D.C. Office of Tax and Revenue (OTR) recently issued a
notice that; effective August 1, 2023 the OTR Building (Floors 5-7) will undergo
extensive renovations which will include the Recorder of Deed’s offices. During the renovations the ROD offices will be
closed to the public from August 2023 through May of 2024.
The ROD will not be able to process paper recordings during
this period. All documents for
recording should be submitted electronically through one of the ROD approved
For the list of approved vendors, please visit the DC
Recorder of Deed’s website at: https://otr.cfo.dc.gov/service/otrrecorder-deeds
If you have any specific recording questions these may be addressed
directly to Ida Williams, the Recorder of Deeds by phone at (202)
442-8610 or via email at Ida.email@example.com
OF COLUMBIA GOVERNMENT
4th Street, SW, 5th Floor
note: the Real Property Tax Service Center, Suite 270 West, will remain open during the initial
stages of construction.
you have questions or require assistance with implementing electronic recordings,
please contact your underwriter.
LEARN MORE HERE
The District of Columbia Office of Tax and Revenue on April 26, 2023 posted
OTR TAX NOTICE 2023 -03
NOTICE REGARDING THE TAXATION OF INSTRUMENTS RELATING TO REFINANCES AND MODIFICATIONS
This Notice Replaces and Supersedes ORT Tax Notice 2014-05 (dated May 21, 2014)
This notice supplements and supersedes OTR Tax Notice 2014-05 on
commercial refinances and modifications to provide more clarification
on what constitutes a refinance for recordation tax purposes. Generally, to constitute a refinance, the new loan must be made to the same obligor(s) who wasindebted under the loan(s), as modified and restated, if applicable, that is being paid off,extinguished, and replaced, and must be secured by the same real property that securedthe loan(s), as modified and restated, if applicable, being paid off, extinguished, and replaced.
The revised tax notice is published on Recorder Of Deeds website and OTR’s Tax Law and Guidance – Notices.
Review Full Text of Notice
OTR TAX NOTICE 2023-03
For additional information, please call ROD’s Customer Service Center at (202) 727-5374 or contact Ida Williams; Direct phone: (202) 442-8610; firstname.lastname@example.org
As we welcome the start of spring, I encourage you to celebrate the purpose and value in what you do and what we do. DCLTA is the only organization that represents the title industry at the local level in the District of Columbia.
DCLTA liaisons with government officials. Backed by the strength of our membership, DCLTA advocates for sensible laws and policies that improve not only the business landscape for the title industry but allow for the transfer and marketability of title for DC properties.
Employing the richness of our resources, DCLTA educates it members. In addition to educational opportunities, networking with other DCLTA members is invaluable. DCLTA is a place for professional growth. You each have a wealth of knowledge and experience to share.
Of utmost importance to me during my tenure as President is the long-term sustainability of the organization. The bottom line, DCLTA needs to generate revenue for it to survive and thrive. Developing a plan for sustainability will be the mission of my presidency.
For those that are not already actively involved with DCLTA, I encourage to become involved. Join a committee or start a committee. Recognize your value and the value of all members of the DCLTA. Let’s see what we can do together to make DCLTA the organization that represents the voice of title for decades to come.
Amy E. Klein
DCLTA President 2022-2023
ALTA TIRS STATE COMPLIANCE
As you may know, ALTA maintains a state-by-state regulatory information product
called TIRS State Compliance Guide. The 2022 Washington DC
TIRS State Compliance Guide is now updated! It is a great resource to stay up
to date with Washington DC’s legislative changes and customs and practices.
Developed by industry regulatory counsel, each state guide has been reviewed
by in-state editors to ensure that the guides reflect the proper legal and
operational environment in all jurisdictions.
"ALTA thanks Brian W. Thompson,
Esq., Director of Jackson & Campbell, PC, and Board Member of the District
of Columbia Land Title Association for his invaluable industry expertise and
his time and effort in updating this guide."
The District of Columbia’s
TIRS guide is available for
download for FREE at
DCLTA members get a $100 discount for the purchase of any other individual
TIRS state guide with code “TIRS100”.
This offer is not valid with any other offer.
Contact Carolina Perez at email@example.com
for additional information or if you need assistance in purchasing the
TIRS State Compliance Guides”
The division of the DC Office of Tax and Revenue that
processes Homestead/Senior/Disabled applications (FP-100) has announced
that, as of July 17, 2019, it will suspend the processing of applications, grant
benefits, and tax account adjustments. This action was “taken to meet a
demanding billing timeline to reconcile tax accounts” associated with the
upcoming 2019 2nd half tax year billing.
It is anticipated that the office will resume normal
processing on August 16, 2019, but that it may take up to 45 days for accounts
to be “updated and a corrected tax bill mailed”. Obviously, tax
bills that go out without current homestead reductions may be paid (by lenders
and others) in the interim, which may require refunds of
Inquiries should be directed to firstname.lastname@example.org.
Washington, D.C., April 4, 2017 — The American Land Title
Association (ALTA), the national trade association of the land title
insurance industry, in a letter urged the Consumer
Financial Protection Bureau (CFPB) to issue an alert warning consumers about
wire fraud schemes attempting to steal funds for real estate closings.
“Despite efforts by the title industry and others to educate
consumers about the risk, homebuyers continue to be targeted,” said Michelle
Korsmo, ALTA’s chief executive officer. “With the spring homebuying season
underway, it’s vital to continue raising awareness about these schemes. The
CFPB should take this opportunity to protect consumers from criminals looking
to steal their money.”
The alert should provide tips to on how to consumers can
protect themselves and questions to ask to help determine if real estate
professionals have procedures in place to protect their money. ALTA has
educated its members over the past few years about these wire fraud schemes,
but the best defense is to inform consumers about the danger.
“Unfortunately, these criminals frequently target homebuyers
prior to the title company getting involved in the transaction,” Korsmo said.
“In many instances, they obtain access to unsecure email accounts used by
consumers or real estate professionals. They use this access to find
transaction patterns and details to make their fraudulent communications seem
legitimate. The criminals will instruct the buyers to send the funds to a
different account and the money vanishes in minutes.”
Ida Williams has informed us that ROD will be closed on Thanksgiving and Friday, 11/25. Regular hours will be observed on Wednesday 11/23.
Today the Consumer
Financial Protection Bureau (CFPB) announced a Notice of Proposed Rulemaking
(NPRM) for the TILA-RESPA Integrated Disclosure (TRID) rule. THIS IS BIG NEWS. We
have until October 18 to tell our story and explain to the CFPB how TRID is
Action Network (TAN) has developed FOUR
EASY STEPS to ensure you understand the proposed changes and
can help us tell the CFPB to fix the problems with TRID over the next 60 days:
I am sure you all are aware of
the new requirement from DC Water that the Seller(or account holder) sign an
authorization form to receive any information on the account including
balances. I sent our general information request form for the Seller,in which
we added authorization for DC Water to the existing language giving
authority for payoffs, etc.
Below is their authorization for our
customer’s signature on this form satisfies DC Water’s authorization
requirements in the following statement:
authorize _____________________(title agency) to request loan information,
including tax and payoff information, from my current lender(s) on my behalf;
to order my prior Owner’s Title Insurance policy on the above property; and to
request, on my behalf, any information necessary to clear potential title
issues on the above property, including but not limited to contacting
condominium management companies, neighborhood associations, water and
utility companies, and/or other corporate or governmental entities."
Please amend your forms and you
will be in compliance with DC Water’s requirements.
Dear DCLTA Members and Friends:
The Consumer Financial Protection Bureau (CFPB) will be
considering changes to the TRID rule later this summer. We need your help to
ensure TAN’s voice is stronger than ever as we work to convince the CFPB to fix
portions of TRID.
Let your voice count – Join TAN now!
Join by JULY 22nd for a chance to win a 3-NIGHT
Each person that you recruit to join TAN between today and July 22
will enter you to win a 3-night Caribbean cruise! All they have to do is join
TAN at www.titleactionnetwork.com and enter your name as their “referral.” All new TAN members
must join by July 22 to be counted toward this contest. The more you recruit,
the more you win! Learn more at www.titleactionnetwork.com/cruise/.
1201 Dublin Road, Ste 136, Columbus, OH 43215
DC Land Title Association