PLTA is the trade association for the title insurance industry in Pennsylvania. We represent the title agents and agencies, title insurance underwriters, real estate attorneys and other real estate professionals throughout the state. Our members are knowledgeable, dedicated professionals in the title industry who are your best resource to protect your property rights.
EMAIL SCAM ALERT: A scam is targeting state land title associations. Suspicious emails are appearing to come from the LTA executive directors asking to view a commitment and sign documents. Pennsylvania Land Title Association (PLTA) does not send documents to be signed by email, nor send anything pertaining to Commitments. No instances have been seen as of yet, however please do not respond, open attachments or click links included in a suspicious email. Please call the PLTA Office at 610-265-5980 if you receive any suspicious emails and report them to the Federal Bureau of Investigation Internet Crime Complaint Center.
HR 1073 Passes and moved to The Legislative Budget and Finance Committee in 2017
OnOctober 27, 2016 the House of Representatives voted in favor of HR 1073; the vote was 184 - 1. The resolution reads: "A Resolution directing the Legislative Budget and Finance Committee to conduct a comprehensive review of the scope of records maintained and fees collected by the county recorder of deeds offices in this Commonwealth and to make recommendations." The Legislative Budget and Finance Committee will be reaching out to stakeholders in the early part of 2017 before commencing their study which is estimated to take several months.
PLTA On the Air!
Listen to the August 23, 2017 Legally Speaking podcast on WMPV 1440 AM with with Jim Glickman and special guest, PLTA Secretary Lisa McEntee, Esq. ALTP, give a direct to consumer overview about title insurance, its value and why homebuyers can’t live without it!
Wire Fraud Warning for Consumers
To help raise awareness about wire fraud, ALTA created a 2-minute video that provides four tips on how consumers can protect their money and offers advice on what to do if they have been targeted by a scam.
The Consumer Financial Protection Bureau has published a consumer warning on attempts to steal consumers’ closing funds which echoes the tips in ALTA's recent alert and has finalized its series of amendments to for the Know Before You Owe mortgage disclosures. Although the 560-page amendment includes a number of helpful clarifications, it still fails to fix the requirement which causes inaccurate title insurance pricing disclosures for consumers at closing. Follow the links below for additional resources:
Buying a home is an exciting time. You’ve saved, found the perfect home and planned the move. Now, the closing day for your home is just around the corner.
The American Land Title Association wants to make sure your home purchase doesn’t get derailed by a dangerous threat that could keep you from getting the keys, painting walls and decorating. Criminals have stolen money meant for the purchase of homes through malicious wire fraud schemes targeting consumers across the country.
Criminals begin the wire fraud process way before the attempted theft occurs. Most often, they begin with a common social engineering technique called phishing. This can take the form of email messages, website forms or phone calls to fraudulently obtain private information. Through seemingly harmless communication, criminals trick users into inputting their information or clicking a link that allows hackers to steal login and password information. Read more at www.alta.org.
Spoofed Email Appears to Come from ALTA CEO
ALTA is alerting its members to delete a phishing email that appears to come from CEO Michelle Korsmo with the subject line “Case S.I 691/2017: Your Firm's Attention is Required” asking for prompt attention.