New Recordation/Transfer Tax Rate Increase on Commercial Properties and Comments to Revised Form FP-7/C

DCLTA Board members recently attended a joint meeting with AOBA (Apartment and Office Building Association of Metropolitan Washington), D.C.Recorder of Deeds Ida Williams, and Robert McKeon (Deputy Chief Counsel with OTR). The topic was the recently enacted Recordation and Transfer Taxes Amendment Act of 2019, which increases the recordation and transfer taxes applicable to commercial

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DISB Bulletin on Partial Government Shutdown

The Department of Insurance, Securities and Banking has issued Bulletin 19-IB-1-1/24 directed to all insurance and banking entities licensed or regulated by the Department regarding financial hardship resulting from the partial shutdown of the federal government. The Bulletin may be downloaded below.  

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Industry News

Most Voters Say CFPB Should be Run By Bipartisan Commission

A poll commissioned by ALTA, the Consumer Bankers Association and Independent Community Bankers of America, found that 58 percent of registered voters in key battleground states say the Consumer Financial Protection Bureau (CFPB) should be run by a bipartisan commission. Morning Consult, which polled voters in Indiana, Maine, Michigan, Missouri, Montana, North Dakota, Ohio and

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Closing Times Sink to Pre-TRID Days

The average time to close a loan is now shorter than it’s been since 2015, according to the latest Origination Insight Report from Ellie Mae. The survey found that the average time now sits at the lowest level in two years, coming in at 43 days in March, down from 46 days in February.  For

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ALTAprints Adds Training Materials and Door Hangers

To bring more value to members, ALTA has added training materials and door hangers that can be customized and printed from ALTAprints. The door hangers work great for use with real estate agents and to help grow your For Sale By Owner (FSBO) market. The door hangers are available immediately. Additionally, ALTAprints recently added training

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ALTA Members Get Creative Using HOP Material

More and more ALTA members are using material in the Homebuyer Outreach Program to educate consumers and others involved in the real estate transaction about the benefits of title insurance. Through HOP, ALTA members have access to many resources to communicate with homebuyers, real estate agents and others about the benefits of owner’s title insurance.

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