In a surprising yet positive development, last Friday, the Texas Association of Business (TAB) Board of Directors voted overwhelmingly to remove “Title Insurance Reform” from their 2017 legislative agenda. This was considered a big win in the recent attack against our Texas title insurance system of “re-regulating” our premium rate structure. The Texas Land Title Association (TLTA) has been working for months to educate not only TAB leaders, but also elected officials and our business and industry partners about the success of our current system. This huge step is a direct result of those efforts. In the last few weeks, TLTA has received support from not only the Texas Mortgage Bankers Association (TMBA), but also the Independent Bankers Association of Texas (IBAT) as well as numerous chambers of commerce around the state on the issue of deregulation.
Although the TAB has withdrawn their efforts, the fight is still ongoing. How can you help? You can become a member of TLTA, both as a business and an individual, and contribute to TLTAPAC. In terms of numbers of people involved and contributions, we, as an industry, are afforded the opportunity to get in front of legislators and policy makers to tell our story and help them understand the unique nature of title insurance. For information on joining TLTA, click here.
Also, if your title agency is not already a member of TAB, we encourage you to join today, click here for more information. For more than 90 years, the Texas Association of Business (TAB) has been on the front lines of the legislative, regulatory, and judicial battlefields, fighting for every issue that impacts business. There is a direct correlation between the size of an organization and the impact its members have on public policy. When numbers talk, lawmakers listen. Through TAB, more than 4,300 employers have united to create new employment opportunities, a predictable regulatory environment, low taxation, statewide collaboration, and a prosperous Texas economy.
For more information on the special interests groups attack on our industry, visit the TLTA’s Texas Title Insurance Works Toolbox.