DFR License Renewal - Action Required

Attention Title Producers (Licensed Agents): It is time to renew your Producer license which expires on March 31, 2019. You should have received an email from DFR about renewal. The renewal period runs from 4/1/19 to 3/31/21.

If you did not receive and email and/or you have not yet renewed - please do it NOW. You can renew your producer license by going to  Sircon or NIPR. 

For additional information please visit click here to visit DFR's website. 
Important Notary Stuff

The online application is now up and running. For some VERY important information, click here .
Upcoming VATC Seminars 

VATC is continuing its County Seminar series!  Topics include: Notarization and  Remote Online Notarization; Important Legislation; New and Revised Title Standards; Latest Court Decisions/Ethics Opinions; Title Teasers (Time Permitting).

The following County seminars remain: Washington & Lamoille; Chittenden; Windsor; Rutland; and Addison.

Click here for additional details and to register.
Policy Remittance: Save Time and Money

Please do NOT remit the following to CATIC:
  • Policy jackets or any page of the canned policy form
  • Copies of the notice of availability or privacy forms 
Generally, your remittance need  only include the following: 
  • Schedule A, Schedule B, Schedule B Part II
  • Any continuation sheets
  • Schedule C (the Property Description)
  • Any endorsements that printed with the policy
  • Transmittal form
  • Remittance check or checks payable to VATC with the policy number and/or purpose of the check 
Questions? Please contact the VATC office @ 800.649.3366.
Transactions involving Manufactured Homes 

If you have a loan transaction involving a Manufactured Home, please ASSUME that the lender wants an ALTA 7 series endorsement (e.g. a MH endorsement), even if the lender doesn't ask you for one.  In other words, always issue the endorsement on a MH transaction!

For some reason, lenders always wait until after the closing to ask for the endorsement. This causes "issues" since you would not have obtained the required Affidavit and you would not have collected the $100 endorsement fee at the closing. Collecting the affidavit and endorsement fee AT the closing will save your office time, energy and money in the long run. 
It's 1099 Season
          
The filing season for Form 1099-S is officially underway. 
The Form 1099-S, along with the appropriate Form 1096 transmittal, must be submitted to the Internal Revenue Service no later than February 28, 2019, if filing on paper, or by April 1, 2019, if filing electronically.  

CATIC's 1099-S Reporting Service

Why not a lleviate time and stress by having CATIC prepare and e-file your 2019 1099-S forms with the IRS? 

All you have to do is: 
  • Prepare the Substitute Form 1099-S and give it to the seller(s) at the closing table; and
  • Submit the signed Solicitation/Substitute 1099-S forms to CATIC on a quarterly basis. 
Upon receipt of the above, CATIC will e-file the 1099-S forms for a minimal fee of  $350.00.

Please email  [email protected] with any questions or to enroll in this program.