UPCOMING EVENTS


MN PREP - Metro Chapter
Thursday, September 10, 2015
Details
MN PREP - Metro Chapter
Tuesday, November 10, 2015
Details
MLTA Board of Directors Meeting
Tuesday, November 10, 2015
Details
2016 Annual Convention
August 4-5, 2016
Details


 

ANNOUNCEMENTS

Lenders
Tell us about your plans for TRID implementation.

Click here to take MLTA's TRID Implementation Lender Survey

FIRPTA
Effective August 1, 2015, the Minnesota Association of Realtors Purchase Agreement specifically addresses FIRPTA (Foreign Investment in Real Property Tax Act) and inquires whether the seller is a foreign person. In the same spirit, the MLTA has adopted standardized FIRPTA forms for the exclusive use of MLTA members. FIRPTA applies to every sale of U.S. real property. The applicable tax is as much as 10% of the gross sale price (not net proceeds). In most cases, an exemption will apply, most likely being that the seller is a U.S. Person as defined in the Act. This should be documented in all cases. If an exemption does not apply, then a withholding will be required. The MLTA forms include a Q&A, along with certifications and affidavits pertaining to seller status as well as buyer withholding requirements.
MLTA's standardized FIRPTA forms are available for members only and can be found in the documents section of the MLTA website once logged in.

Share Your Expertise! Volunteer for a Committee.
Changing regulations and new technology are impacting how title insurance and other settlement professionals conduct business. If you would like to assist MLTA and its members respond to these changes, please consider volunteering your time and expertise! Current areas of need and related contact information:

Education Committee Chair and/or Members
Update materials for closing and examination courses; Plan annual Spring Seminar.
Mark Goodman, Commecial Partners Title, (952) 337-2470, markg@cptitle.com

Technology Committee Chair
Monitor the MLTA website/database; develop social media presence; manage MLTA computer equipment.
Richard Welshons, DCA Title, (651) 304-3501, r.welshons@dcatitle.com

Share Your News!

Share articles and member news with peers! Submit information for inclusion in MLTA's quarterly e-newsletter TitleGram. 

Submission deadlines:
March 1
June 1
September 1
December 1

Click here to e-mail your information


ALTA

Sign up for ALTA's Title Action Network


ALTA's Title Action Network (TAN) is open to all employees of title insurance companies, title agents, independent abstracters, title searchers, real estate attorneys, etc.
  • TAN is free & takes only seconds to join!
  • TAN promotes the value of the land title industry to state and federal policymakers.
  • TAN doesn't bog down your inbox, and action alerts are easy-to-understand.
  • TAN focuses on issues that are important to you and your business.
Minnesota has one of the  largest number of TAN members in the country. Click here for a map showing TAN membership in each state.

 

WELCOME NEW MEMBERS


Attorneys Title Group, LLC
Vadnais Heights, MN

Lawyers Title Services, LLC
Baxter, MN

North American Title Insurance Company
Miami, FL

Renee Haglund Tierney
Eden Prairie, MN

SRL Law, PLLC
Minneapolis, MN

Thomton, Sperry, Jensen & Keithahn, Ltd.
Litchfield, MN

Title Resources Guaranty Company
Oak Brook , IL



JOIN TODAY