New Jersey Form and Rate Manual Revision – Effective December 31, 2017

The Going Concern Endorsement, NJRB 5-70 has been withdrawn. Section 10.45 of the Rate Manual has been reflected to address the withdrawal of this endorsement and the revised Rate Manual has an effective date of December 31, 2017.

Texas Guaranty Assessment Recoupment Charge – Effective January 1, 2018

The Texas Department of Insurance issued an order on November 30, 2017 setting a Guaranty Assessment Recoupment Charge (GARC).

• Effective January 1, 2018.
• Ends December 31, 2018.
• Title agents will be required to collect a GARC fee of $4.50 on each owner and loan policy.
• Fee rendered quarterly to Texas Title Insurance Guaranty Association (TTIGA).
• While the GARC fee is in place, the Guaranty Fee will be lowered from the $3 per policy charge to $0.

California State Recording Fee SB2 - Effective January 1, 2018

• Known as the Building Homes and Jobs Act or Senate Bill 2 (SB 2). Requires the county recorder to collect the new fee.
• Charged on real estate instruments, papers or notices permitted by law to be recorded.
• The new Recording Fee will add $75 per title to the first 3 titles of a transaction and will not be more than $225 per single transaction.
• The fee is charged in addition to previous recording charges collected by county recorders.
• Call SoftPro Support at 800-848-0143 for assistance downloading the updated cover sheet.

California Preliminary Change of Ownership Report – PCOR

• Updates to the PCOR form.
• Call SoftPro Support at 800-848-0143 for assistance downloading the updated cover sheet.