The Arkansas Land Title Association welcomes the 2014-2015 President - Jimmy Dill

Jimmy Dill
Pine Bluff Title

Membership Dues

To pay your 2015 Membership Dues Online, please click on the link below.

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Pay Dues Online Here

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LEGISLATIVE UPDATE


ARKANSAS SENATE BILL 172

TITLE - TO ELIMINATE DUPLICATIVE ATTORNEY TITLE INSURANCE LICENSING REQUIREMENTS; TO TRANSFER REGULATION OF TITLE INSURANCE, TITLE INSURANCE AGENCIES, TITLE INSURANCE AGENTS, AND ABSTRACTORS; AND TO DECLARE AN EMERGENCY.

SUMMARY ? This Bill was originally filed by the Arkansas Bar Association to remove licensed attorneys from the Arkansas Insurance Department's jurisdiction.  The ARLTA Board of Directors previously approved the association pursuing legislation that would transfer jurisdiction of the Arkansas Insurance Department to a Commission which includes industry participants.  Given the similar goals of the leadership of the two associations, the Arkansas Bar Association and ARLTA have worked together in crafting a bill addressing matters for both associations. The Arkansas Bar Association's bill was amended this past Thursday to replace their language with the language of a bill drafted by members of the ARLTA Legislative Committee which would create the Arkansas Land Title Commission. ARLTA's Board has approved the support of SB172 once amended to be consistent with:

Generally, the Commission would consist of 7 commissioners selected by the Governor meeting the following criteria:
  • The Arkansas Insurance Commissioner or designee
  • A title insurer (underwriter) with an Arkansas certificate of authority 
  • Three Arkansas title insurance agents (which must include an abstractor; an attorney from one of the 65 least populated counties in Arkansas; and a representative of a title agency that is in an affiliated relationship as defined by RESPA, other than with a law firm)
  • A representative of the financial services industry
  • An Arkansas attorney familiar with real property law who is not affiliated with the title insurance industry

The Commission will employ an Executive Director. 

The commission will provide consumer protection by regulating the Arkansas land title industry through commissioners that have an understanding of the unique characteristics of title insurance.  Essentially, the provisions of the current Arkansas Title Insurance Act will be transferred to the jurisdiction of the new Commission. Additionally, the Abstractor's Board would be abolished and the Commission would assume jurisdiction over abstractors.

CLICK HERE to access a PDF of the bill and follow the bill status.
 
Contact any member of ARLTA's Board of Directors for additional information.


SAVE THE DATE!!

June 11th - 14th

Best Western Inn of the Ozarks, Eureka Springs, AR

Make your room reservations now and save! Mention the ARLTA when you call. 1-800-814-8307



 Watch the Designing Spaces Feature on Title Insurance and the Home Closing Process.



Newsletter:
Winter 2014 Titleman

CFPB Finalizes "Know Before You Owe” Mortgage Forms


Upcoming ARLTA Events


2015 ARLTA Title Basics School
May 13-14, 2015
Details
2015 ARLTA Annual Convention
June 11-14, 2015
Details


2015 Continuing Education Seminars

 

Saturday, August 15, 2015
Double Tree Suites - Springdale
Register Online
Register by Mail

Tuesday, October 6, 2015
Holiday Inn Presidential - Little Rock
Register Online
Register by Mail