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Cyber Reg Limited Exemption Filing

Posted By Robert Treuber, Tuesday, April 18, 2017
Updated: Tuesday, April 18, 2017

 

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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April 11 Excecutive Committee Agenda

Posted By Robert Treuber, Friday, April 7, 2017

 

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

  1. Call to Order – President Collins
  2. President’s Greeting – President Collins
  3. Approval of February 2017 Minutes - Executive Director Treuber
  4. Exec Director Report – Executive Director Treuber
  5. Treasurer’s Report – Ms. Pereyo
  6. Title Section Report – Chair Bagwell
  7. Agent Section Report – Chair Giliotti
  8. Legislative Committee Report – Chair Keyse
  9. Membership Committee Report – Chair O’Hara
  10. Public Relations Committee Report – President Collins
  11. Sabol Award Nominations Committee Report – Ms. Pereyo and Ms. McElligott
  12. New Business
  13. Adjourn

 

The next Executive Committee Meeting will be held at 10:30 am on May 9, 2017


Executive Director Report

 

New Members

Company

First Name

Last Name

County

Assured Title Agency LLC

Shandel

Strasberg

Rockland

Heights Abstract Ltd.

Christopher

Merone

Kings

Pinnacle Land Services, LLC

Paul

Wong

New York

Professional Land Services LLC

H.

Adelman

Richmond

Superior Research LLC

Millie

Wood

Saratoga

Title Help Agency LLC

Manpreet

Bhasin

Nassau

 

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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Long Island Town Hall Rescheduled

Posted By Robert Treuber, Monday, March 20, 2017
Updated: Monday, March 20, 2017

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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EVENTS CANCELLED

Posted By Robert Treuber, Monday, March 13, 2017
Updated: Monday, March 13, 2017

 

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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Agenda - March Executive Committee meeting

Posted By Robert Treuber, Friday, March 10, 2017
Updated: Friday, March 10, 2017

 

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

  1. Call to Order – President Collins
  2. President’s Greeting – President Collins
  3. Approval of February 2017 Minutes - Executive Director Treuber

4.      Exec Director Report – Executive Director Treuber

  1. Treasurer’s Report – Ms. Pereyo
  2. Title Section Report – Chair Bagwell
  3. Agent Section Report – Vice-chair Stancanelli
  4. Legislative Committee Report – Chair Keyse
  5. Membership Committee Report – Chair O’Hara
  6. Public Relations Committee Report – President Collins
  7. Sabol Award Nominations Committee Report – Ms. Pereyo and Ms. McElligott
  8. New Business
  9. Adjourn

 

The voting members of the Agents and Abstracters Section will be:

Bill Collins

Elizabeth Alonso

Paul Spano

 

Bob Picone

Mark D'Addona

Terence Guerriere

 

DeAnna Stancanelli

Nancy Farrell

Tommy Tafuri

 

 

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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FinCEN GTO extended to July 2017

Posted By Robert Treuber, Thursday, February 23, 2017
Updated: Thursday, February 23, 2017

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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Agenda for February Executive Committee meeting

Posted By Robert Treuber, Monday, February 13, 2017
Updated: Monday, February 13, 2017

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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The on-off-on again IDA mortgage tax exemption

Posted By Robert Treuber, Thursday, February 2, 2017
Updated: Thursday, February 2, 2017

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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You're not going to like this

Posted By Robert Treuber, Monday, December 5, 2016
Updated: Monday, December 5, 2016

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:

There’s No Flying Under the Radar: Why Small Businesses Should Get Smart About Information Security

 

 

 

Tags:  CE  Consumer protection  cyber  cybersecurity  DFS  technology 

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NYSLTA Raises $37,960 for Long Island Based Charity

Posted By Robert Treuber, Tuesday, November 29, 2016
Updated: Tuesday, November 29, 2016

 

New York State Land Title Association’s Charitable Works Committee recently held its 3rd annual auction, which raised $37,960 for HorseAbility, a center for equine-facilitated therapy for people with special needs. HorseAbility serves more than 825 families a year.

 

“Each year the Charitable Works Committee selects a New York state charity that exemplifies our values and is an organization we can rally behind and make a considerable difference,” said Kathy Roper, Charitable Works Committee chairwoman and director of operations for AIS/Data Trace. “HorseAbility was a perfect fit because it touched all of the populations committee members hoped to provide for. Located at SUNY Old Westbury, it has programs for children and adults with special needs, seniors, and also assists military veterans through its HorseAbility for Heroes program.”

 

The proceeds raised by the committee will go toward the HorseAbility Scholarship Fund for therapy lessons and for refurbishing their large outdoor ring and two horse stalls.  The auction took place during NYSLTA’s annual conference, which was held in Montauk.

 

HorseAbility Group Picture Cropped

From left: New York State Land Title Association (NYSLTA) Charitable Works Committee members Lorraine Malone, Rina Barbaccia, Nancy Piccirillo, John Piccirillo, HorseAbility Founder Katie McGowan, Committee Chairwoman Kathy Roper, and Committee Vice Chairwoman Monica Malagon.  The group was photographed at NYSLTA’s recent auction, which raised $37,960 for HorseAbility, a center for equine-facilitated therapy for people with special needs. The proceeds go toward the HorseAbility Scholarship Fund for therapy lessons and for refurbishing their large outdoor ring and two horse stalls.

 

HorseAbility is located at SUNY Old Westbury. It has programs for children and adults with special needs, seniors, and it assists military veterans through its HorseAbility for Heroes program.

 

 

 

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