| Volume 41 Number 6 |
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The People’s Lawyer’s Tip of the Day
In Texas, a will does not have to be notarized to be valid. Having said that, a self-proving affidavit (a notary form) will make it easier and less costly to probate the will. Click here for more.
Flood Insurance - Surprising Statistics & Evaluating Coverage
Are you in the market for a new home? If so, you may be surprised to find a new cost associated with the purchase. Many properties that have long been considered outside of the 100-year floodplain have now been deemed vulnerable to flooding. As a result, the properties will likely require extensive flood insurance coverage. Is your new home affected by the flood-hazard map? What type of coverage should you purchase? How much do you need? Click here for more.
Texas Bar: Disaster Resources
The State Bar of Texas has compiled a comprehensive list of disaster relief resources. Be prepared when disaster hits! Save this link. Click here for more.
Fuel Economy Standards Increase
The Department of Transportation and the Environmental Protection Agency have issued their final proposal for new fuel economy standards. The new regulation requires all cars and light trucks sold in the US to average 35.5 miles per gallon by 2016. What does this mean for the future of the auto industry? Click here for more.
Your Money
Do you have student loans? This amortization schedule calculator will help you find your monthly payments! Click here for more.
For the Lawyers
Fair Credit Reporting Act does not require actual damages. The Sixth Circuit held that a plaintiff is not required to show actual damages in order to sue check verification services for erroneously reporting the status of thousands of consumer accounts. The court noted that the FCRA’s private right of action does not require proof of actual damages as a prerequisite to the recovery of statutory damages for a willful violation of the Act. Click here for more.