The Liaison Committee met Thursday October 19 at the DOI. Some of the issues discussed included:
1. The proposed changes to Rules 25 and 56 that center on the cancelation fee issue will be posted November 1. No new comments have been received. Jim discussed the Advisory that was sent out – it is important to continue to charge for cancelations and otherwise follow past policy and procedure. The proposed changes are just that – proposals. Until they are implemented and an effective date is set they must be charged for. If you are audited by the DOI and the exam shows procedures were changed this will be interpreted by the DOI as more suspicious activity and possible inducement activity resulting in further review and action.
2. Jim advised that he has received a couple of minor complaint issues – someone didn’t understand what good funds were and another did not know what title insurance covered – they thought it covered a fire.
3. The 3 year escrow audits are going well. Jim also sent out a new Memo/Reminder – that license renewals are due before the end of the year.
4. Jim also advised that the regional multistate DOI group still has an open investigation on the products that Fidelity National Agency Services is providing but he was not in a position to report any findings or conclusions.
5. Martin advised our flat fee clarification bill will be a focus for the upcoming session. The fee beyond the 30 page benchmark will be addressed as well as issues like some Counties charging full fee for a re-recorded document, stand-alone substitution of trustee recordings, and similar unique interpretations by the Counties.
6. The HOA fee issue will be headed by the realtors in conjunction with the ILTA and lenders. They are still working on draft language.
7. The Legislative Committee is currently reviewing language to amend the employee reimbursement provisions to allow reimbursement for escrow.
8. Straggler Counties on e-recordings was also discussed. We are down to two Counties – Nez Perce and Shoshone. We are exploring legislative address as well as political contact to get action. If you have thoughts or grass roots connections in these Counties please contact your Board or Martin.
9. A new issue Martin brought up regards Administrative Hearing Officers – there has been an interim legislative committee who has been studying changes to the process. Tom Donovan gave a synopsis of the committee’s discussions. Discussion appears to focus on streamlining the process and would seem to have minimal impact to the Association. However we will continue to monitor.
10. The ITP program was discussed. There was further discussion that there are a number of experienced and seasoned professionals in our industry that may not qualify for the designation as they fall short on ILTA and ALTA participation due to company practice. Veteran recognition was discussed. Like ALTA’s NTP the ITP is designed to promote participation. The ITP and NTP are based on a combination of experience; attendance at conventions, seminars and other programs; education; and, authoring and presenting. The focus is on participation and commitment versus just being interested from the sidelines. The hardest part may be filling out the application. A mentor program was discussed and at this time you should feel free to contact John, Daryl and Jay (the current ITP members) who can help review your application.
11. ILTA wants more people to become ITP’s and NTP’s. We have already implemented more opportunities for participation in increasing participation in the liaison meetings via conference call and creating regional education trainings. The first regional training took place October 17 in Chubbock and 57 signed up. The training offered a 3 hour morning session and a repeat 3 hour session in the afternoon. The topics covered were probate, water rights, and title trends. A panhandle training session in the same format is tentatively scheduled for the first week of December.
12. Mark your calendar for the 2018 Ed Seminar on March 8-9 at the Grove Hotel – Thursday/Friday format.
13. Mark your calendar for the 2018 Pacific NW Convention hosted by the ILTA at the Coeur d’ Alene Resort August 2-4.
14. The next meeting is scheduled for 10:00 Thursday November 9 at the Boise TFC office (Phil’s Office) at 406 W. Franklin Street.
This is a reminder that your Title agency license with the Idaho Department of Insurance is due for renewal. Title licenses renew each year and are due by 12/31.
Please find the packet of renewal documents to complete and return with appropriate fees to the Department at this link –
If you have questions or need assistance, please contact Jim Scanlon at the Department of Insurance, or refer to the information found on our website, https://doi.idaho.gov/Licensing/TA/
Idaho Department of Insurance