Annual Conference Rescheduled for October 13-14
Over the past few weeks, we have been closely monitoring the situation in the United States with respect to the coronavirus (COVID-19) to assess the…
Category: News
COVID-19 Update
As we all navigate local, state and federal response to the coronavirus (COVID-19), I wanted to reach out to remind you that LTAMS is here for…
Courts to Remain Open; Limited Attendance
On March 13, 2020, the President of the United States declared a national emergency due to the outbreak of Coronavirus (COVID-19). The Mississippi Supreme Court…
Member Highlight – Honorary: Guff Abbott
Guthrie “Guff” Abbott, Professor Emeritus of Law at the University of Mississippi School of Law, has been recently recognized by the Land Title Association of…
Revised Mississippi Law on Notarial Acts
I am very pleased to report that SB 2394, introduced by Sen. Tyler McCaughn, and HB 1156, introduced by Rep. Shane Aguirre, have both passed…
1031 Exchange: Reverse Exchange Overview
Section 1031 of the Internal Revenue Code permits a Taxpayer to defer capital gains tax when an investment property is transferred in exchange for another…
Licensing and the First Amendment: On a Crash Course
Mississippi requires surveyors to be licensed and prohibits the unauthorized practice of surveying. The definition of the “practice of surveying” is set out in Miss.…
Sixteenth Section Land – Reappraisal of Rent Term
Oak Grove Marketplace, LLC v. Lamar County School District, 2020 WL 240434 (Miss. 2020) On August 5, 2002, Oak Grove Marketplace, LLC entered into a…
ALTA’s Principles for Data Privacy Laws
The American Land Title Association (ALTA), which represents the real estate settlement services, abstract and title insurance industry, has been a long-time advocate for efforts…
What can be Appealed?
Republished with permission of Chancellor Lawrence Primeaux. Can you appeal from a temporary order? What about a consent decree or judgment? MCA § 11-51-3 says…
Member Highlight – Honorary: Don Ogden
One of the first Honorary Members of LTAMS, Don Ogden has been a driver in the Mississippi title industry for years. After he graduated law…
Requesting a Written Acknowledgment of Compliance
I’ve been told that in order to properly retire a “title” to a manufactured or mobile home to the real property to which it is…
Are you ready? New ALTA Policies are almost here!
The third set of discussion drafts of the proposed revisions to the standard ALTA 2006 Loan and Owner’s Title Insurance Policies has been released. The…
Exhibit? What Exhibit? and Blankety-Blank
Republished with permission of Chancellor Lawrence Primeaux. Two unfortunately recurring phenomena have an infinite capacity to frustrate chancellors to no end. Exhibit? The first I…
1031 Exchange: Exchanging With a Related Party
If you are contemplating doing an exchange with a party or entity related to you, it’s important to understand the additional rules involved. In some…
New GAP Act Forms
The GAP Act forms published by the MSSC are now available on the Mississippi Judicial College web site. GAP refers to the Mississippi Guardianship and…
Call for LTAMS Board Nominations
At each Annual Conference, two (2) directors from among the Agent and Abstractor members and two (2) directors from among the Underwriter members are elected…
Joint Statement on Heightened Cybersecurity Risk Issued by FDIC and Office of the Comptroller of the Currency
The Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency are issuing this statement to remind supervised financial institutions of sound…
Stewart Title President Matthew Morris Announces His Departure
Matthew Morris, President and former Chief Executive Officer of Stewart Information Services Corporation, announced his departure effective Wednesday, Jan. 15, 2020. Morris will continue to…
Member Highlight – Agent: Philip Hollimon
The son of a forester and a school teacher, Philip Hollimon grew up in the small town of Petal, Mississippi. He received an undergraduate degree…