  
|
Posted By Robert Treuber,
Monday, April 8, 2019
Updated: Monday, April 8, 2019
|
EXECUTIVE COMMITTEE MEETING
New York State Land Title Association
First American Title Insurance Company
666 Third Avenue
New York NY 10017
April 9, 2019
10:30 AM
AGENDA
1. Call to order – President Stancanelli
2. President’s Greeting – President Stancanelli
3. Approval of February Minutes - Executive Director Treuber
4. Exec Director Report – Executive Director Treuber
5. Treasurer Report – Mr. Frates
6. Litigation/Legislation – President Stancanelli
7. Report from ALTA – ALTA CEO Cornelia Horner
8. Title Section Report – Chair Keyse
9. Agent Section Report – Chair Giliotti
10. Education Committee – Chair Labar
11. Legislative Committee Report – Chair Keyse
12. Municipal Liaison Committee Report – Chair Scaturro
13. Remote Online Notary Committee Report – Chair Vincini
14. New Business
15. Adjourn
Tags:
Agenda
Executive Committee
Permalink
| Comments (0)
|
|
|
Posted By Robert Treuber,
Friday, April 5, 2019
Updated: Friday, April 5, 2019
|
The recently enacted 2019-2020 state budget for FY 2020 included new taxes for both sellers and buyers of certain properties in New York City. The budget is currently awaiting the Governor’s signature.
The increases will affect applicable transactions that occur on or after July 1, 2019.
However, the increased rates will not apply to transactions closing on and after July 1, 2019 IF the conveyance was made pursuant to a binding written contract entered into on or before April 1, 2019, “provided that the date of execution of such contract is confirmed by independent evidence, such as the recording of the contract, payment of a deposit or other facts and circumstances as determined by the Commissioner of Taxation and Finance."
We are providing the following information to alert you and your clients of this development. The NYSLTA is seeking a meeting with the Department of Taxation and Finance to ensure that the title industry will have clear and accurate information.
The relevant section of the budget that describes these taxes is Part OOO of the 2019 Budget. The text of Part OOO can be downloaded from THIS LINK.
As noted, this transfer tax applies only to properties in New York City.
One tax is the Seller's responsibility and one tax is the Buyer's responsibility.
The following chart shows the threshold levels and the rate.
(You can download a PDF of the chart from the NYS Tax & Finance File Library under the RESOURCE tab)
Tags:
mansion tax
NYC
NYS Dept Tax & Finance
transfer tax
Permalink
| Comments (0)
|
|
|
Posted By Robert Treuber,
Friday, February 22, 2019
Updated: Friday, February 22, 2019
|
EXECUTIVE COMMITTEE MEETING
New York State Land Title Association
First Nationwide Title Agency
50 Charles Lindbergh Boulevard
Uniondale, NY 11553
February 26, 2019 10:30 AM
AGENDA
- Call to order – President Stancanelli
- President’s Greeting – President Stancanelli
- Approval of January 2019 Minutes - Executive Director Treuber
- Exec Director Report – Executive Director Treuber
- Litigation/Legislation Update – President Stancanelli & Members
- Title Section Report – Chair Keyse
- Legislation Committee Report – Chair Keyse
- Agent Section Report – Chair Giliotti
- Land Records Committee/Suffolk – Ms. Farrell
E-recording update
- Law Committee – Chair Danzi
Recommended Practices
- Municipal Liaison Committee Report – Chair Scaturro
NYC DEP letter
Town of Hempstead
- New Business
- Adjourn
This post has not been tagged.
Permalink
| Comments (0)
|
|
|
Posted By Robert Treuber,
Monday, February 11, 2019
Updated: Monday, February 11, 2019
|
The Executive Committee meeting scheduled for February 12th has been cancelled due to a forecast of harsh weather and bad road conditions.
The February and March EC meetings will be combined and held on February 26th.
Please see the CALENDAR for details - https://nyslta.site-ym.com/events/event_list.asp
If you registered for the Feb 12th meeting, you will have to re register.
This post has not been tagged.
Permalink
| Comments (0)
|
|
|
Posted By Robert Treuber,
Friday, February 8, 2019
Updated: Friday, February 8, 2019
|
EXECUTIVE COMMITTEE MEETING
New York State Land Title Association
First Nationwide Title Agency
50 Charles Lindbergh Boulevard
Uniondale, NY 11553
February 12, 2019 10:30 AM
AGENDA
1. Call to order – President Stancanelli
2. President’s Greeting – President Stancanelli
3. Approval of January 2019 Minutes - Executive Director Treuber
4. Exec Director Report – Executive Director Treuber
5. Treasurer Report – Mr. Frates
6. Litigation/Legislation Update – President Stancanelli & Members
7. Title Section Report – Chair Keyse
8. Agent Section Report – Chair Giliotti
9. Land Records Committee/Suffolk – Ms. Farrell
a. E-recording update
10. Law Committee – Chair Danzi
a. Recommended Practices
11. Municipal Liaison Committee Report – Chair Scaturro
a. NYC DEP letter
b. Town of Hempstead
12. New Business
13. Adjourn
Tags:
Executive Committee
Permalink
| Comments (0)
|
|
|
Posted By Robert Treuber,
Friday, December 7, 2018
|
EXECUTIVE COMMITTEE MEETING
New York State Land Title Association
Benchmark Title Agency
222 Bloomingdale Road, White Plains NY
December 11, 2018
AGENDA
1. Call to order – President Stancanelli
2. President’s Greeting – President Stancanelli
3. Approval of November Minutes - Executive Director Treuber
4. Exec Director Report – Executive Director Treuber
5. Treasurer Report – Mr. Frates
6. Guest Speaker – Ms. Nagy, Executive Director TIRSA
7. Legislative Advocacy Report – President Stancanelli
8. Title Section Report – Chair Keyse
9. Agent Section Report – Chair Giliotti
10. Charitable works Committee – Chair Roper
11. New Business
12. Adjourn
Tags:
Agenda
Executive Committee
Permalink
| Comments (0)
|
|
|
Posted By Robert Treuber,
Tuesday, October 16, 2018
Updated: Tuesday, October 16, 2018
|
NOTE -
This meeting is closed to new registrations. The meeting space is "at legal capacity".
Members may audit via conference call.
To get the call-in number, log-in to the Member site and go to: https://nyslta.site-ym.com/page/Exec .
EXECUTIVE COMMITTEE MEETING
New York State Land Title Association
TitleVest
110 East 42nd Street
October 17, 2018
10:30 AM
AGENDA
Call to order – President Stancanelli
President’s Greeting – President Stancanelli
Approval of September Minutes - Executive Director Treuber
Exec Director Report – Executive Director Treuber
Treasurer Report – Mr. Frates
Litigation Committee Report – Mr. Estrella & Mr. Giliotti
Legislative Initiative – President Stancanelli
Title Section Report – Chair Keyse
Agent Section Report – Chair Giliotti
a. Mt. Vernon RPT
b. FinCEN contact person
c. Core Title Service
d. Defense Fund
e. Agents Dues
f. Mutual Indemnity Agreement
g. PAC
Education Committee – Chair Labar
Law Committee – Chair Danzi
Newsletter Committee Report – Chair Schirtzer
New Business
Adjourn
The twelve voting members of the Agents and Abstracters Section will be:
|
DeAnna Stancanelli
|
Richard Giliotti
|
Vincent Danzi
|
Nancy Farrell
|
|
Stephen Saler
|
Tommy Tafuri
|
Bill Collins
|
Andrew Zankel
|
|
Mark D’Addona
|
Paul Spano
|
Sarah Labar
|
Phil O’Hara
|
The next Executive Committee Meeting will be held at 10:30 am on November 13, 2018 at First Nationwide Title Agency, 50 Charles Lindbergh Blvd. Uniondale, NY 11553.
Tags:
Agenda
EC
Executive Committee
Permalink
| Comments (0)
|
|
|
Posted By Tim Su - SJ Carroll Jr, Inc,
Wednesday, September 5, 2018
|
As a first time attendee to the NYSLTA Annual Convention I wasn’t sure what to expect walking in the front door of The Sagamore. However, the immediate warm greetings from familiar and not-so-familiar faces was a good indicator to what the convention would be like.
Starting with registration to the catered meals, you could tell that everything was well planned and thought out. The location was beautiful. Walking straight through the double doors in the back of the lobby, you had a gorgeous landscape view overlooking Lake George. The information sessions and CE that the NYSLTA had slated was, as always, informative and relevant.
I still find it a bit daunting to enter a room of people who know each other, but don’t know you. However, from the bonfires on the first night to the last song at the gala, there were individuals who made it a point to come up to me, the "new kid", and introduce themselves, their families and their colleagues. This was not just an isolated incident but a prevailing attitude of most that attended. The true character of those that comprise the New York title industry showed especially through the generous donations, bids and fundraising during the charity night.
Thanks Bob and Regina for hosting a great convention. Looking forward to seeing everyone at the next one!
Tags:
Annual Meeting
Convention
Permalink
| Comments (0)
|
|
|
Posted By Robert Treuber,
Monday, August 27, 2018
Updated: Monday, August 27, 2018
|
While many of us were at the NYSLTA Convention the Association received a letter from Assembly Insurance Committee Chairman Kevin Cahill. The letter was read to the members in attendance at the convention and is included here for the review of those members who were not with us. The letter sends a message consistent with that presented by the Officers at the Agent Section and Title Section meetings and General Session at the Convention.
Regulation 208 may have been annulled, but members should be mindful that all other laws, rules and regulations are still in effect. This includes Regulations 206 and 500 (Cybersecurity), as well as your responsibility to your closers and adherence to the TIRSA Rate Manual and the Insurance Law, especially section 6409(d). We urge you to continue to conduct yourselves as good title professionals and reach out to your underwriters for guidance or with questions.
We will discuss the letter, Chairman Cahill’s request that we adopt a code of conduct and other options at the September Executive Committee meeting.
Chairman Cahill's letter is attached to this blog post as a PDF.
Click the link below to download.
 Download File (PDF)
Tags:
Insurance Committee
NYS Assembly
Reg 208
Permalink
| Comments (0)
|
|
|
Posted By Jean Partridge, Agent Section Vice-chair,
Wednesday, August 1, 2018
|
The recent decision by Judge Rakower and the ensuing developments have been overwhelming to understand at times. Much of this complexity was explained at the two Town Hall meetings but of course every member was not able to attend those sessions.
Therefore, we are providing you with a brief summary of the status of the litigation below. I will do my best to keep this simple and concise.
- We brought our suit in the NY State Supreme Court in New York County.
- The case was assigned to Judge Rakower and pleadings were filed by our attorneys.
- The Attorney General’s (AG) office representing the DFS replied to our pleadings and we responded.
- A hearing was held before Judge Rakower on June 14, 2018.
- Judge Rakower rendered a decision on July 5th.
- The decision effectively nullified Regulation 208 in its entirety.
- The AG filed a notice of appeal on July 6th.
- The AG immediately notified our attorneys of their intention to seek an emergency stay of the judge’s decision. An emergency stay, If granted , would postpone the judge’s ruling of annulling the regulation and “reimpose” the Regulation 208 until the case was heard on appeal in the Appellate Division).
- The AG later informed our counsel that they would NOT be seeking an emergency stay.
- Both the AG and NYSLTA must file additional pleadings with the Appellate Division prior to the next court appearance.
The earliest this matter could come before the Appellate judges is October. Given the congestion of the court’s schedule, it could slip to late October or later. Until then, the regulation 208 is annulled. All other regulations pertaining to the title industry remain in effect.
We will continue to keep you advised.
Tags:
Article 78
DFS
litigation
Reg 208
Regulations
Permalink
| Comments (0)
|
Print Page
Blog Home
All Blogs
RSS