Department of Financial Services Adds Real Estate and Builder Open House Compliance
The Department of Financial Services has added a compliance tab and statement for Real Estate and Builder Open Houses on their Title Insurance Agent Compliance page.
Compliance Statement:
Our Department receives a high volume of questions from the title insurance industry. Unfortunately, these questions do not always use consistent terminology making it difficult to determine the true situation and resulting question. It is very important when we communicate with each other that we know what the other is talking about so we can assist the other. Sometimes taking time to describe the term or situation you have a question about will assist the Department with answering your question. This is particularly true when it comes to compliance questions. An example of the areas in which we often get ambiguous questions are real estate open houses. With this situation in mind, here is some guidance that we will try to keep as simple but still provide helpful guidance.
Read full statement.
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Pinellas County Property Appraiser Issues Statement Following New Redaction Law
It is recommended to identify early on whether you’re dealing with a property owner that has a protected address and, therefore, is exempt from public records disclosure. Knowing early on and taking the appropriate steps will ensure that your/their transaction, appraisal or project is not delayed.
Effective July 1st, 2019, an amendment to Section 119.071 Florida Statues – Public Records expands information exempted from public record by further defining the term “home address”. Real estate, legal, title, lending, appraisal, construction professionals and others should be aware of how this law change will impact their business.
Read more.
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FLTA Cyber Road Show Launched
4 Speakers + 3 Days + 3 Cities
Reserve your seat today. Sponsored by Flag Insurance Services and Qualia, FLTA is launching it's first road show. This September members will have the opportunity to hear from experienced professionals and consultants covering cyber exposure, basics to cyber fraud, overview on building a cyber policy and understand cyber regulatory compliance.
When it comes to cyber security you don't want to be left behind. Space is limited, register today!
Select your city and register today:
Tampa 9/17
North Orlando 9/18
Ft. Lauderdale 9/19
Exhibitor and sponsorship opportunities available.
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Ygrene Presents PACE and Responds to Questions
In June, FLTA members and future members attended a presentation by Ygrene to better understand Property Assessed Clean Energy (PACE). During the presentation members raised questions in which the Ygrene team has now implemented. Specifically, prior to the meeting the pay off quote would include the payoff amount, but did not include the next year's assessed amount causing agents to withhold an uncertain amount for final payment.
As a result, Ygrene's payoff quote now includes the next year's taxed amount (assessment) giving a complete payoff.
FLTA would like to thank Ygrene for presenting and collaborating to make these swift adjustments.
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Report all cyber fraud attempts to ic3.
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2 Ways to Report Unlawful Inducements
See something, say something.
FLTA has worked hard in offering feedback over the years to help amend the Unlawful Inducement and Rebate Rule and now, as an added value, representatives may submit anonymously by emailing Anonymous@FLTA.org. Through this process FLTA will remove your information and forward your complaint directly to DFS for their consideration.
When submitting through normal channels or anonymously it is vitally important to:
- include as much information as possible;
- include specific details of events
- include photos, documents, flyers, etc.
Furthermore, when submitting a complaint anonymously it is also important to understand you will not receive status updates of the progress being made in your case. Of course, you may still request to be anonymous when submitting directly to DFS. Ways to submit a complaint:
Submit to FLTA Anonymously:
Submit directly to DFS:
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Register for Upcoming Events
DFS Unlawful Inducement Town Hall(s)
- 8/8/19 Maitland, FL (SOLD OUT)
- 9/12/19 Pensacola/Panama City Area - Save the Date
Cyber Road Show
Annual Convention
Registration Open - November 11-13, 2019, St. Petersburg, Florida
