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Posted By Robert Treuber,
Friday, May 5, 2017
Updated: Friday, May 5, 2017
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AGENDA
- Call to order – President Collins
- President’s Greeting – President Collins
- Approval of April Minutes - Executive Director Treuber
- Exec Director Report – Executive Director Treuber
- Treasurer Report – Ms. Pereyo
- Government Regulations Committee Report – Chair Partridge
Report on review of proposed DFS regulations 206 & 208
Discussion of strategic directions
Next steps
- Title Section Report – Chair Bagwell
- Agent Section Report – Chair Giliotti
- Education Committee – Chair Labar
- Legislative Committee Report – Chair Keyse
- Membership Committee Report – Chair O’Hara
- Public Relations Committee Report – President Collins
- New Business
- Adjourn
The next Executive Committee Meeting will be held at 10:30 am on June 13, 2017 at First Nationwide Title Agency, 50 Charles Lindbergh Blvd. Uniondale, NY 11553
Tags:
Executive Committee
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Posted By Robert Treuber,
Tuesday, April 18, 2017
Updated: Tuesday, April 18, 2017
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The DFS Secure Portal is now accepting the filing of Notice of Limited Exemption, as cited in § 500.19 of 23 NYCRR 500.
Here is a link to the Portal - https://myportal.dfs.ny.gov/web/cybersecurity/
COMPLIANCE TIMELINE
FOR COVERED ENTITIES WHO MEET THE LIMITED EXEMPTION REQUIREMENTS (§ 500.22)
March 1, 2017 - Effective Date of Regulations
August 28, 2017 - Transitional Period ends – compliance requirement begins for most provisions of the regulation (§500.22)
February 15, 2018 - Notice of exception must be filed with the DFS (and each year thereafter on 2/15) (§500.17)
March 1, 2018 – Risk Assessment to be completed (§ 500.09)
August 30, 2018 – Policy must be in place for periodic disposal of NPI (§ 500.13)
March 1, 2019 - Develop a Third Party Service Provider Security Policy (§500.11)
Tags:
cybersecurity
DFS
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Posted By Robert Treuber,
Friday, April 7, 2017
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The Executive Committee meets at 10:30 AM Tuesday, April 11 at Benchmark Title, 222 Bloomingdale Road.
Immediately following the EC, there is an important Agents Section meeting.
We will experiment with presenting this meeting via the internet using Go-To-Meeting. Instructions to log on, including the URL and the teleconference number on on this page
https://nyslta.site-ym.com/events/EventDetails.aspx?id=946149&group=
EXECUTIVE COMMITTEE MEETING
New York State Land Title Association
Benchmark Title Agency
222 Bloomingdale Road
White Plains, NY
April 11, 2017
10:30 AM
You can hear and speak using your computer microphone and speakers or you can also dial in using your phone. Call: (571) 317-3112 Access Code: 410-940-973
AGENDA
- Call to Order – President Collins
- President’s Greeting – President Collins
- Approval of February 2017 Minutes - Executive Director Treuber
- Exec Director Report – Executive Director Treuber
- Treasurer’s Report – Ms. Pereyo
- Title Section Report – Chair Bagwell
- Agent Section Report – Chair Giliotti
- Legislative Committee Report – Chair Keyse
- Membership Committee Report – Chair O’Hara
- Public Relations Committee Report – President Collins
- Sabol Award Nominations Committee Report – Ms. Pereyo and Ms. McElligott
- New Business
- Adjourn
The next Executive Committee Meeting will be held at 10:30 am on May 9, 2017
Executive Director Report
New Members
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Company
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First Name
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Last Name
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County
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Assured Title Agency LLC
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Shandel
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Strasberg
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Rockland
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Heights Abstract Ltd.
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Christopher
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Merone
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Kings
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Pinnacle Land Services, LLC
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Paul
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Wong
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New York
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Professional Land Services LLC
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H.
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Adelman
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Richmond
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Superior Research LLC
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Millie
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Wood
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Saratoga
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Title Help Agency LLC
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Manpreet
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Bhasin
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Nassau
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The March Executive Committee meeting was cancelled due to a snowstorm.
We issued seven email blasts in February, averaging an email blast every four days.
In February, the Government Regulations Committee issued a memo on the cybersecurity regulation (23 NYCRR 500), which is posted in the Government Regulation File Library. We also issued alerts on the IDA Mortgage Tax refund, ACRIS refunds, the Agent Data Call webinar, the extension of the FinCEN GTO, the agent license renewal period and the upcoming Town Hall meetings.
Our web analytics company, Web Solutions, has been working with NYSLTA Staff to place tracking code on our sites. Initial conclusions are positive and are favorable for the objective of making nysslta.org an informational hub for title insurance and as a channel for feeding traffic to member web sites. The analysis includes the member site and the online directory. Members who are interested may contact me to request further information from the web audit.
The Town Hall scheduled for March 15 in Westbury was cancelled due to the March snowstorm. It has been rescheduled for April 26. The April 5 Town Hall was held at the Tarrytown Doubletree Hilton and the May 10 Town Hall will be at the Doubletree Hilton in Rochester.
There is a CE webinar scheduled for April 19, the topic is Sales Tax.
Agent Section Report
· Wells Fargo update
· Town Hall meetings
· Bar Assoc. meetings
· FinCEN
· ECB Subpoenas
· Agent Licensing
· IDA update
· PAC
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Posted By Robert Treuber,
Monday, March 20, 2017
Updated: Monday, March 20, 2017
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The Town Hall meeting on Long Island that was cancelled due to a snow storm has been rescheduled.
The event will take place at 10 AM on Wednesday April 26 at the Holiday Inn in Westbury.
To register for this free event, go to the CALENDAR & EVENTS tab on this site or CLICK HERE.
Tags:
Long Island
Nassau County
Town Hall
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Posted By Robert Treuber,
Monday, March 13, 2017
Updated: Monday, March 13, 2017
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ALL NYSLTA EVENTS FOR MARCH 14 AND 15 ARE CANCELLED DUE TO FORECAST WEATHER CONDITIONS.
There will be NO Executive Committee meeting on Tuesday March 14.
The Long Island Town Hall on March 15 will be rescheduled.
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Posted By Robert Treuber,
Friday, March 10, 2017
Updated: Friday, March 10, 2017
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EXECUTIVE COMMITTEE MEETING
New York State Land Title Association
NYSLTA
65 Broadway, Suite 501
New York, NY 10006
March 14, 2017
10:30 AM
NOTE – This meeting will be webcast. Remote attendees should connect via computer, tablet or smartphone using the link https://global.gotomeeting.com/join/410940973
You can hear and speak using your computer microphone and speakers or you can also dial in using your phone. Call: (571) 317-3112 Access Code: 410-940-973
AGENDA
- Call to Order – President Collins
- President’s Greeting – President Collins
- Approval of February 2017 Minutes - Executive Director Treuber
4. Exec Director Report – Executive Director Treuber
- Treasurer’s Report – Ms. Pereyo
- Title Section Report – Chair Bagwell
- Agent Section Report – Vice-chair Stancanelli
- Legislative Committee Report – Chair Keyse
- Membership Committee Report – Chair O’Hara
- Public Relations Committee Report – President Collins
- Sabol Award Nominations Committee Report – Ms. Pereyo and Ms. McElligott
- New Business
- Adjourn
The voting members of the Agents and Abstracters Section will be:
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Bill Collins
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Elizabeth Alonso
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Paul Spano
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Bob Picone
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Mark D'Addona
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Terence Guerriere
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DeAnna Stancanelli
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Nancy Farrell
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Tommy Tafuri
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The next Executive Committee Meeting will be held at 10:30 am on April 11, 2017 at Benchmark Title, 222 Bloomingdale Road, White Plains NY.
Tags:
EC
Executive Committee
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Posted By Robert Treuber,
Thursday, February 23, 2017
Updated: Thursday, February 23, 2017
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The Financial Crimes Enforcement Network has extended its Geographical Targeting Order to July 2017.
You can read the announcement here:
https://www.fincen.gov/news/news-releases/fincen-renews-real-estate-geographic-targeting-orders-identify-high-end-cash
You can find a sample Form 8300 on this web site in the Government Regulations File Library:
http://nyslta.site-ym.com/?page=FilesandDocs
Any questions about the Order should be directed to the FinCEN Resource Center at:
800-767-2825.
Tags:
FinCEN
GTO
US Treasury
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Posted By Robert Treuber,
Monday, February 13, 2017
Updated: Monday, February 13, 2017
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The Executive Committee meets Tuesday February 14 at 10:30 AM at First Nationwide Tittle Agency.
Please visit the EVENTS page to register if you wish to attend. You will also find the address and map instructions on that page.
AGENDA
1. Call to order – President Collins
2. President’s Greeting – President Collins
3. Approval of January Minutes - Executive Director Treuber
4. Exec Director Report – Executive Director Treuber
5. Treasurer Report – Ms. Pereyo
6. Title Section Report – Chair Bagwell
7. Agent Section Report – Chair Giliotti
8. Land Records Committee – Chair Tafuri
9. Legislative Committee Report – Chair Keyse
10. Membership Committee Report – Chair O’Hara
11. Public Relations Committee Report – President Collins
12. New Business
13. Adjourn
The eleven voting members of the Agents and Abstracters Section will be:
Bill Collins Richard Giliotti DeAnna Stancanelli Amy Kelly
Phil O’Hara Paul Spano Jean Partridge Nancy Farrell
John Burke Beth Alonso Terence Guerriere
The next Executive Committee Meeting will be held at 10:30 am on March 14, 2017. Location to be announced.
Tags:
EC
Executive Committee
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Posted By Robert Treuber,
Thursday, February 2, 2017
Updated: Thursday, February 2, 2017
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Yesterday, February 1, Governor Cuomo signed a bill (A374 / S979) that reset the expiration date of a portion of the IDA mortgage tax exemption to June 30, 2017. As you may recall, the bill removing a portion of the mortgage tax exemption initially went into effect for mortgages recorded on and after September 30, 2017, as a result of the bill signed yesterday IDA’s will be entitled to a full mortgage tax exemption until June 30, 2017.
Under the new law, EFFECTIVE for mortgages recorded on and after JULY 1, 2017 a mortgage of real property executed, given, made, transferred, or assigned by or to an IDA, an agent of an IDA, or an entity receiving financial assistance from an IDA, is not exempt from the additional mortgage recording tax imposed by Tax Law section 253(2) when the real property that is subject to the mortgage is located in a county that is part of a transportation district. For further information below is a link to a memo from the New York State Department of Taxation and Finance issued in November: .
https://www.tax.ny.gov/pdf/memos/mortgage/m16_1r.pdf
We anticipate a new memo from the Department of Taxation and Finance changing the effective date to July 1, 2017 and with instructions for applying for a refund for mortgages recorded between September 30, 2016 and February 1, 2017 where the full exemption was not permitted. We will post that as soon as possible.
To be clear, the FULL IDA Mortgage Tax exemption is in effect as of February 2, 2017 and will expire on June 30, 2017.
[Thanks to Jean Partridge and Matt Cahill for their assistance with this]
Tags:
exemptions
IDA
mortgage tax
NYS Dept Tax & Finance
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Posted By Robert Treuber,
Monday, December 5, 2016
Updated: Monday, December 5, 2016
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Trust me, you are not going to like this. This is about changing the way you operate and conduct business. This is going to cost you money and time. This is "information security" and it is very important.
Before you go any further, I am going to reiterate something John Hollenbeck of First American Title said at our Annual Meeting in September. He said data security for title companies is important because when consumers buy a house, they give you all their information. And then they give you all their money.
The NY-DFS and an array of federal agencies are developing or have
already issued regulations or standards for cybersecurity. By
Valentine's Day, you are going to be tired of seeing and hearing the
term "cybersecurity".
The NYSLTA is preparing to submit testimony to the State Assembly's public hearing on cyber security. In January, we plan to offer a CE course on the basic elements of cybersecurity. We have posted a document titled, "Small Business Information Security: The Fundamentals" in the Technology Committee File Library.
Question: How do you eat an elephant?
Answer: One bite at a time
If you put off facing the inevitability that cybersecurity is going to be part of your business, one day you will have to eat an entire elephant in one bite. My advice is to start slow and start now.
Here is a link to a good, easy to read and easy to implement article on cybersecurity:
Tags:
CE
Consumer protection
cyber
cybersecurity
DFS
technology
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