Showing posts with label Law. Show all posts
Showing posts with label Law. Show all posts
Tuesday, October 30, 2012
Can you close your home anywhere? TX VS IL this time
Hi Tonie, I have a remote closing question for you. The customer's are buying a home in Illinois and selling their home in Plano. Customer's wants to close both loans in Texas. I am getting push-back from real estate attorney in Ill. He states that "The transaction will need to take place in Illinois. We are an attorney state where both attorneys need to be present at closing."
Does that sound right to you?
My short reply:
Nope not correct -- both homes can be closed here in Texas since IL is NOT Attorney State... Keep the questions coming
Thursday, July 19, 2012
Texas Enacts Expansive New Health Privacy Law
Last month, Texas Governor Rick Perry signed a health privacy bill
into law that imposes new obligations exceeding the requirements in the
HIPAA Privacy Rule. The law, which will become effective on September
1, 2012, incorporates the expanded definition of the term “covered
entity” in Texas’s existing health privacy law and could have a broad
impact on many non-HIPAA covered entities.
Under the Texas law, the term “covered entity” includes any entity that engages in “assembling, collecting, analyzing, using, evaluating, storing, or transmitting protected health information,” as well as any entity that “comes into possession of” or “obtains or stores” protected health information (“PHI”). Notably, the new Texas health privacy law:
Under the Texas law, the term “covered entity” includes any entity that engages in “assembling, collecting, analyzing, using, evaluating, storing, or transmitting protected health information,” as well as any entity that “comes into possession of” or “obtains or stores” protected health information (“PHI”). Notably, the new Texas health privacy law:
- Requires all employees of covered entities to undergo training on HIPAA and Texas’ health privacy law within 60 days of hiring (and at least once every 2 years);
- Bans the disclosure of PHI for remuneration, except that covered entities may disclose PHI to other covered entities for treatment, payment, health care operations, insurance or HMO functions, or as authorized or required by federal or state law;
- Requires covered entities to provide notice to individuals that their PHI is subject to electronic disclosure and obtain authorization for any electronic disclosure of PHI (apart from disclosures of PHI to other covered entities for treatment, payment, health care operations, insurance or HMO functions, or as authorized or required by federal or state law);
- Mandates that health care providers provide individuals with access to their PHI within 15 days of their request;
- Authorizes the Texas Attorney General, Texas Health Services Authority or Texas Department of Insurance to conduct compliance audits of covered entities that have consistently violated the Texas law; and
- Obligates the Texas Health Services Authority to develop privacy and security standards for the electronic sharing of PHI.
Subscribe to:
Posts (Atom)