Review of Selected Bills Passed by the 85th Texas Legislature

Special Note Regarding Hurricane Harvey: Many of our Credit Union clients have witnessed the devastation of Hurricane Harvey and are now helping their members restore some semblance of normalcy.   It is a daunting task but Credit Unions have historically been

Posted in Real Estate Law

Proposed Changes to Texas’ Home Equity Law

A joint resolution has passed both houses of the Texas Legislature to amend Texas’ Home Equity law. Because Texas’ Home Equity law is contained in the Texas Constitution, any proposed changes must be implemented through Constitutional amendments approved by Texas’

Posted in Real Estate Law

Using a Power of Attorney in Mortgage Lending

A well-prepared Power of Attorney can be a convenient way to close a mortgage loan when a borrower/buyer cannot attend the closing.  It can also create additional risks for the Lender, so it is vitally important that Lenders carefully examine

Posted in Real Estate Law

Department of Defense Regulations Will Require Written and Oral Disclosure for Land Loans

The DOD has issued regulations under the Military Lending Act to be effective for consumer loans to active military personnel and their dependents closed on or after October 3, 2016.  The Regulations require a certain disclosure be provided both orally

Posted in Real Estate Law

TRID Clarifications Proposed by the Consumer Financial Protection Bureau

On July 29th, 2016, the Consumer Financial Protection Bureau (CFPB) issued a proposal to clarify some of the issues/ambiguities regarding the TRID rule that have emerged in the past year.   The CFPB has requested that public comments to the proposed

Posted in Real Estate Law

Texas Supreme Court Rules on Home Equity Cases

On May 20, 2016, the Texas Supreme Court ruled on two cases that impact all lenders who make Texas Home Equity Loans.  The cases are powerful reminders of the importance of compliance with Texas’ Home Equity law and the potential

Posted in Real Estate Law

CFPB to amend TRID

Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB),  recently announced that the CFPB  will issue amendments to the  “Know Before You Owe” Rule.  Mr. Cordray anticipates that the proposed amendments will be released for public comment in late

Posted in Real Estate Law

New Title Fee & TRID Webinar Recap

March 15, 2016 NEW TITLE FEE The Texas Title Insurance Guaranty Association (TTIGA) recently announced a new Guaranty Fee of $3 for every title policy issued in Texas, effective April 1, 2016. This fee will create a guaranty fund to pay title claims of

Posted in Real Estate Law

BairdLaw.com Temporarily Offline

You may have noticed that our website, www.bairdlaw.com, was temporarily unavailable this morning due to traffic to the website exceeding bandwidth limits.  We apologize for any inconvenience this may have caused you and your operations. We are pleased that so

Posted in Real Estate Law

CFPB clarifies TRID

Yesterday morning, the CFPB published a notice in the Federal Register to correct a typo regarding tolerances and property taxes.  This clarification from the CFPB makes clear that property taxes ARE NOT subject to tolerances. There was concern among some

Posted in Real Estate Law
BairdLaw, PLLC
(210) 828-5844
242 W. Sunset, Ste. 201
San Antonio, TX 78209
www.bairdlaw.com