Points of Interest Spring 2019 Page 1  Inside This Issue  From the President..................................................2 From the Editor........................................................ 3 Sacramento Summary............................................5 9th Circuit Expands Time for a Borrower to Sue to Enforce Rescission of a Loan Under TILA....7 2019-2020 Candidate Close-Up..........................10 Spring Seminar in San Francisco.........................13 Thank You Winter & Annual Sponsors!.............22 Pictures From the Winter Seminar....................23 Winter Seminar Exhibitors.................................. 24 PAC Contributors....................................................27 Robert Finlay Named California Mortgage Association General Counsel.................................30 Priority of Liens on California Real Property... 32 What You Need to Know About Mortgage Funds....................................... 35 Stricktly Strickland.................................................37 Membership Application....................................39 Welcome New Members......................................41 2520 Venture Oaks Way, Suite 150 Sacramento, CA 95833 (916) 239-4080 – phone • (916) 924-7323 – fax cma@camgmt.com www.californiamortgageassociation.com Points of Interest is published by the California Mortgage Association, a voluntary trade association serving California mortgage and trust deed brokers and lenders. 2018-2019 BOARD OF DIRECTORS David Herzer – President Herzer Financial Services, Inc. Elizabeth Knight – Vice President PLM Lender Services Michelle Rodriguez – Secretary Woodland Hills Mortgage Corp. Richard Selzer – Treasurer Selzer Home Loans Mark Forbes – Immediate Past President F.E. Forbes Company, Inc. Steve Belleville – Real Estate Lending Group, Inc. Noah Furie – Budget Mortgage Corporation Glenn Goldan – ReProp Financial Donald Herbert – Private Funding Solutions, Inc. Charles Hershson – Fidelity Mortgage Lenders, Inc. Joffrey Long – Southwestern Mortgage Odell Murry – MAI Financial Services, Inc. Stephen Pollack – Anchor Loans, Inc. Lori Randich – Redwood Mortgage Corporation Stephen Rexrode – Cushman Rexrode Capital Corporation Pam Sosa – Standard Mortgage Financial Services, Inc. Richard Temme – R.C. Temme Corporation Richard Wachter – Wachter Investments, Inc. Michael Arnold & Michael Belote, Esq. Legislative Advocates K. Bradley Rogerson, Esq. T. Robert Finlay Securities Counsel Legal Counsel CMA HEADQUARTERS STAFF Jennifer Blevins, CMP Director of Management Services Teresa Excinia, MBA ExecutiveDirector John Berkowitz Publications Director Jen Gross, CMP Meeting Planner Michael Cochran Webmaster / IT Manager Stephanie Schoen Special Projects Tricia Schrum, CPA Accounting Natalie Sinclair Special Projects