Stanford v. Mississippi Bar: To sweep or not to sweep
Mr. Agent, with the approval of his underwriter, elected to use a sweep account for all of the real estate closing businesses’ escrow accounts. All…
Category: News
HB 962 – Clarifications Made to Miss. Code Ann. § 89-1-69
In the 2010 Regular Session, Mississippi enacted HB 886, which prohibited the payment of “private transfer fees” for the future conveyance of real residential properties.…
President’s Message: R. Paul Randall, Jr.
Dear LTAMS members, I am excited to be participating with you the inaugural year of the Land Title Association of Mississippi (“LTAMS“). Like many of…
Request for Comments: Title Examination Standards (Chapters 1-20)
The Title Standards Board (the “Board”) of the Real Property Section of The Mississippi Bar (the “Section”) seeks comments from members of the Section on…
Supreme Court Says Foreclosure Firms Not Debt Collectors
The US Supreme Court ruled unanimously on March 20, 2019 in Obduskey v. McCarthy & Holthus LLP that a business is not a “debtor collector”…
Member Highlight – Agent: Chris Kelley
After clerking in Natchez as an Ole Miss law student, Chris Kelley says he jumped at the chance to begin his practice there in 1994. …
New ALTA Endorsements – ALTA 3.3-06, 3.4-06, and 18.3-06
The ALTA Forms Committee has developed three (3) new endorsement forms, and all three have been approved by the ALTA Board of Governors and have…
What Survived Tuesday’s Committee Deadline?
Tuesday, March 5th was the third big deadline in the Mississippi legislature for general, non-revenue, bills to be approved by committees from the opposite chamber.…
Best Practices Amendment: To Require ALTA Registry
Have you established an ALTA Registry Universal ID (ALTA ID) yet? If not, you may want to consider doing so! On February 21, 2019, the…
HB 1612 – Special local improvement assessment districts; authorize municipalities to create
HB 1612 was introduced by Representative Baker on February 13, 2019. This bill would authorize municipalities to create special improvement assessment districts in areas administered…
New Associate Member: SoftPro
The Land Title Association of Mississippi (LTAMS) is pleased to announce the addition of SoftPro’s Mississippi team as new Associate Members of LTAMS. An industry…
New Developments in Wire Fraud – Payoff Fraud
Payoff fraud is when fraudsters impersonate a lender or another title company to receive the funds from disbursement after the settlement process, either from refinancing…
Title Standards Board – Request for Comments
The Title Standards Board (the “Board”) of the Real Property Section of The Mississippi Bar (the “Section”) seeks comments from members of the Section on…
SUPPORT: HB 777 – Revised Mississippi Law on Notarial Acts
On February 12, 2019, the Land Title Association of Mississippi’s (“LTAMS“) Legislative Committee voted to recommend support of HB 777 to its Board of Directors. …
Member Highlight – Abstractor: Patricia Roberts
When asked what it takes to do her work well, Patricia Roberts of Mid-Mississippi Abstract Co LLC says, “The job requires being able to think…
Expungement of Construction Lien – Compliance with Miss. Code Ann. 85-7-405
Basic Facts: Land Holdings I, LLC, (the “Owner”), sought to expunge a lien filed by GSI Services, LLC (the “Subcontractor”). The chancellor denied the Owner’s…
New Associate Member: BeCloud, LLC
The Land Title Association of Mississippi (LTAMS) is pleased to announce the addition of BeCloud, LLC’s executive team as new Associate Members of LTAMS. A…
HB 1375 – Wills; revise the procedures that regulate administration of
Representative Roberson introduced House Bill 1375. If passed, HB 1375 would (1) expand the current small estate statute by allowing the transfer of personal property…
HB 1425 – Uniform Probate and Trust Codes; enact portions
Representative Roberson introduced HB 1425 at the request of the Mississippi Secretary of State’s office. If passed and signed into law, HB 1425 would enact…
Island Winds Title Company, LLC Opens New Office in Ocean Springs, MS
Island Winds Title Company, LLC Co-Owners Michael Fondren and Katy Fulghum celebrated the opening of their new Ocean Springs office, which joins the other location…