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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/.
Washington, D.C. - October 7, 2015 — The American Land Title Association (ALTA), the
national trade association of the land title insurance and real estate
settlement services industries, released the following statement following
tonight’s passage of the Homebuyers Assistance Act, H.R. 3192, by a vote 303 to 121 in the
U.S. House of Representatives:
“Tonight’s overwhelming bipartisan and veto-proof vote shows
that the House of Representatives recognizes the need for consumers to continue
to receive a positive and compliant real estate transaction,” said Michelle
Korsmo, ALTA’s chief executive officer. “We greatly appreciate the support of
Reps. Reps. French Hill (R-AK) and Brad Sherman (D-CA) and their efforts to
pass this important legislation.”
"We urge the Senate to pass this bill immediately so
that our ALTA members and the broader real estate members can focus on
delivering quality service to consumers when buying a home or refinancing a
mortgage. Without certainty, service providers are likely to close fewer
transactions to ensure compliance with TRID, which will delay homeownership for
consumers around the country,” Korsmo continued.
“Members of the Title Action Network sent nearly 8,000
emails and letters supporting H.R. 3192. We look forward to activating our
grassroots network once again to support Sens. Tim Scott (R-SC) and Joe
Donnelly (D-IN) to bring S. 1711, the Senate version of H.R. 3192, to the
Senate floor as soon as possible.”
Wayne M. Stanley
Director of Public Affairs
American Land Title Association
The DCLTA annual meeting and
election of Officers
June 17, 2015.
Sworn in by Madeline Nagy of
ALTA, are the following:
Board Members and Officers:
Betsy Russo – President , Ben Soto – Vice President, Brian Thompson – Treasurer and President Elect (to take over after the 2016-2017 term)
Barbara Kemp - Secretary
Board Members at Large:
Stuart Kruger, Bradley Runyan, Michael O’Neal, Scott
Manus Holmes, Kevin Anderson, Chris Darby, Jack Reid
DC's Mr. Torrell Thomas a Real Property Program Specialist
Assessment Services Division as advised that the best way to search for
Public Space and Vault Rental information is to contact him directly.
The information available on the searchable database is not complete.
Mr. Torrell Thomas,1101 4th St, SW,
Suite W550Washington, DC 20024
P: 202.442.6769| F: 202.442.6691
Mr. Torrell Thomas,
Washington, DC 20024
P: 202.442.6769| F: 202.442.6691
THANK YOU TO MR. THOMAS FOR REACHING OUT TO PROVIDE THIS VALUABLE INFORMATION.
163 Mitchells Chance Rd., #214 Edgewater, MD 21037©