Have you seen what ALTA is working on? Checkout the below resources and links. Risky BusinessALTA Warns Alternative Title Insurance Products Pose Danger to Lenders, Consumers... ALTA - Financial Crimes Enforcement Network (FinCEN) ALTA - Use These Wire Fraud Education ResourcesALTA provides several resources to help title and settlement companies protect against wire fraud and … Continue reading What’s New With ALTA
VLTA 2022 Annual Convention Lineup
OCTOBER 20-22, 2022 The Westin HotelRichmond, VA REGISTER NOW Cybersecurity in Today’s Title Industry Over the past decade, fraud within the real estate, title, and settlement industry has become more sophisticated and more closely associated with electronic communication—hence the term, “cyberfraud.” This presentation provides an overview of cyberfraud, covering common types of cyberfraud, how you … Continue reading VLTA 2022 Annual Convention Lineup
VCTSA Success Story
In 2021, I took the Virginia Certified Title Settlement Agent (VCTSA) course through VLTA. By its own definition, the VCTSA Course is “the only advanced instructional program available for title settlement agents in Virginia to promote higher standards and skills for title settlement agents to benefit the land title industry and real property consumers.” My reasons … Continue reading VCTSA Success Story
Pass The State Exam With VLTA’S Pre-Licensing Course
Virginia Code § 38.2-1800 defines “title insurance agent” as “an agent licensed in the Commonwealth to sell, solicit, or negotiate title insurance, and performing all of the services set forth in § 38.2-4601.1.” Those services include: “(i) the evaluation of the title search to determine the insurability of the title; (ii) a determination of whether or … Continue reading Pass The State Exam With VLTA’S Pre-Licensing Course
ALTA ONE – New Orleans, Louisiana
I had the privilege of attending ALTA One this year for the first time. Stephanie Campbell, President of VLTA for 2021-2022 and I, in my capacity as President-Elect, flew to New Orleans to take advantage of all that ALTA One had to offer. I was thinking this would be another butt-numbing series of educational sessions, … Continue reading ALTA ONE – New Orleans, Louisiana
2022 Winter ARTU Q&A
Question: You are closing a transaction in which Pine Acres is being sold by Jennifer Doubtfire. The title notes reveal that Pine Acres was purchased by Jay Williams in 2002. In August of 2013, Jay executed a properly drafted transfer on death deed (TOD) naming Jennifer as the grantee, and delivered the deed to Jennifer. … Continue reading 2022 Winter ARTU Q&A
VLTA’s Virginia Certified Title Settlement Agent Course
To become licensed as a barber in Virginia, you must complete a 1,500-hour training program and pass an exam. Remarkably, there is no training or exam required to conduct a closing, send documents to record, or manage millions of dollars of other people’s money. A bad haircut will eventually grow out. But no one forgets … Continue reading VLTA’s Virginia Certified Title Settlement Agent Course
What About Those 2021 ALTA Policy Forms?
(Part One) After several years of review and editing, the American Land Title Association will roll out a new portfolio of owner’s and loan policies, a new title commitment, a new endorsement series (47 – Operative Law), and numerous technical amendments to existing endorsement forms to align them with the policies’ changes. This article will … Continue reading What About Those 2021 ALTA Policy Forms?
ARTU Q & A: Spring/Summer 2021
Question: a. In April of 2000, Jeff Jones obtained a judgment against Duncan Brinker in the amount of $6,000.00, and docketed the judgment in Fairfax County. b. In June of 2002, Brinker conveyed Lot 50, Shades of Gray Acres, to Linda Lovelink by deed of gift. c. In August of 2005, Lovelink borrowed $150,000.00 from … Continue reading ARTU Q & A: Spring/Summer 2021
VLTA Ronald Donn Scholarship 2021
The Ronald Donn Scholarship Award honors VLTA Past President Ronald Donn and recognizes newly licensed title insurance agents and newly certified VCTE and/or VCTSA's. Ronald Donn was passionate about industry education. The winner of the scholarship will receive a complimentary registration to the VLTA Annual Convention, October 18-22, 2021.To qualify, you must be a VLTA … Continue reading VLTA Ronald Donn Scholarship 2021
Title Insurance and Transfer on Death Deeds
People want to avoid probate, to make it as easy and inexpensive as possible to transfer assets to designated beneficiaries after they pass away. For years people have been able to do this with their intangible personal property assets, i.e., bank accounts, retirement accounts, annuities, etc. They designate in writing who inherits the money upon … Continue reading Title Insurance and Transfer on Death Deeds