The Liaison Committee met Thursday September 14 at Alliance Title Parkcenter. Some of the issues discussed included:
1. Jim discussed the proposed changes to Rules 25 and 56 that center on the cancelation fee issue (copies attached). The changes to date reflect the discussion from the hearing on the matter. Additional comments can be made by September 20. The DOI has received no additional comments from the hearing so a 2nd hearing has not been scheduled. Martin indicted he is working with the realtors and some comments may be submitted.
2. Jim also indicated there was no unique consumer issues at this time and that filings and exams are proceeding in the ordinary course. Jim did advise that the regional 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.
3. 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.
4. The HOA fee issue will be headed by the realtors in conjunction with the ILTA and lenders. They are still working on draft language but the timeline to provide, fees, content of the information provided are all issues addressed in Florida’s estoppel certificate bill. A condensed version of Florida’s bill might be appropriate as many of the issues are similar.
5. The ILTA will also be bringing an amendment to employee reimbursements. Martin met with the DOI on options to address including reimbursements for the escrow/closing side together with the title insurance reimbursement.
6. Straggler Counties on e-recordings will also be addressed. It appears the list has been whittled down to two – Nez Perce and Shoshone. The Association of Counties is at a loss on how to get these two Counties to move on the topic so a bill looks likely. Martin is looking to have legislators in these Counties sponsor the legislation.
7. Another project the Legislative Committee is reviewing is a short form Death Certificate that could be recorded. This issue is similar to the one advanced by the Counties last year regarding the non probate affidavit. The new issue comes out of Latah County.
8. John advised that ALTA expressed concern with the impact of fires in our region. Comments indicated that Idaho was relatively spared other than heavy smoke. However, our friends in Montana experienced some property damage and there were areas that had to be evacuated. This information was passed on to ALTA.
9. John also brought up e-closings as some members expressed that lenders were discussing e-closings but it was not apparent that full e-closings have materialized. Remote notary was discussed and there are a number of states looking to address this issue. E-closings in full is lurking but there are still many moving parts.
10. The ITP program was discussed. There was some 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. An alternate certificate for longevity was discussed along with possible grandfathering subject to the renewal requirements. However, the participation component is just one component and there are opportunities to accumulate points – i.e. via call in for liaison meetings, attending seminars which will become easier as the ILTA is advancing regional trainings beginning this fall (tentative dates late October or early November for eastern and northern Idaho). The ITP program is designed in part to increase 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.
11. Mark your calendar for the 2018 Ed Seminar on March 8-9 at the Grove Hotel – Thursday/Friday format.
12. Mark your calendar for the 2018 Pacific NW Convention hosted by the ILTA at the Coeur d’ Alene Resort August 2-4.
13. The next meeting is scheduled for 10:00 Thursday October 19 at the DOI. It will be call in available – with call in info identified later.