CLTA News Express
An Express Article from the California Land Title Association
CLTA Releases New SB 133 Informational Materials
Bulletin 08/09-58 - November 20, 2008
Since the passage of SB 133, the California Land Title Association (CLTA) has developed a number of helpful documents, manuals, and brochures to assist CLTA member companies through this transitional phase. Enclosed are links to several documents and materials that should assist title companies in better understanding the new law that will be in place starting January 1, 2009.
Instructions on the Registration Process:
The “How to Register” document is designed to help title marketing representative applicants and title companies negotiate the application and fingerprinting process. The CLTA hopes that this document will answer questions regarding the registration process under SB 133. The “How To” also contains contact information for the Department of Insurance’s licensing experts in the event there are more specific licensing/registration questions.
As stated in the document, the Department of Insurance will be handling online applications ONLY. The Department expects to have this automated process up and running in the first week of December. When the site is actually up and running, the CLTA will immediately notify CLTA members.
CLTA Training Manual:
The Training Manual was developed by the CLTA as a generalized template for training title marketing representatives about the new law. Each title company may modify this training manual according to its own needs and interpretation of the law.
While the CLTA is in the process of sharing this manual with the Department, it has not been approved by the Department of Insurance and should be carefully reviewed by each CLTA member title company and their compliance officers and legal counsel. Determinations regarding what is or is not legal marketing practices in California will be made by the Department of Insurance. If there are any specific questions regarding the legality of a practice, the CLTA recommends contacting a corporate compliance officer, legal counsel, and Department of Insurance staff for clarification.
CLTA SB 133 Brochure
The CLTA has developed a brochure for use by title companies. CLTA member title companies are free to print and distribute this document as they deem appropriate. Like the training manual discussed above, if there are any specific questions regarding the legality of a practice, the CLTA strongly recommends contacting a corporate compliance officer, legal counsel, and Department of Insurance staff for clarification.
Q & A:
The CLTA Q & A has been slightly revised to address comments from the Department’s Licensing Division.
CLTA will not be answering specific legal questions regarding SB 133 and marketing practices:
Rather than contacting the CLTA with specific legal questions regarding what is and is not a legitimate marketing practice under SB 133, the CLTA strongly advises contacting corporate compliance officers and legal counsel for guidance in this matter.
For more information and future updates on SB 133, please visit the CLTA's SB 133 informational page.
