Message from the President
Dear CEA Members, As we turn the page on 2024, we close a significant chapter in CEA’s rich history—and I couldn’t be more thrilled to say that we’re already hard at work Writing CEA’s Next Chapter Together in 2025! First, let’s talk about a major shift. After decades of partnership, our relationship with CAMS has come to a close due to their reorganization and the well-earned retirement of key team members. But with change comes opportunity, and we are thrilled to have Advantage AMC at the helm. Huge thanks to Tracey and Brenda for jumping in with energy and enthusiasm. You can reach Tracey at [email protected] and Brenda at [email protected] — don’t hesitate to say hello! Here are just a few exciting highlights from the first quarter and what’s ahead in 2025:
What’s ahead for CEA? For one thing, the FinCEN Anti-Money Laundering Rule (AML) will keep us busy this year! It’s currently set to go into effect on December 1, 2025, and we all need to get ready for it, in case it actually does. Based on all the changes being made by the new administration, it’s not yet known what will become of the new ruling. We are exploring working with members of CLTA on a collaborative effort to educate our members before the effective date. Stay tuned! Your Bill Review Committee is busy reading every bill for their potential impact on the escrow industry. If you’d like to participate on Bill Review – or any of our other committees -- please contact us at [email protected] for details. I had a great time in January at the Los Angeles Escrow Association’s 2025 Installation Gala. A huge shout out to Stephanie Lee and Terrica Banks for hosting such a memorable night. They had a fantastic turnout! 100 years ago, in 1924 LAEA became the first escrow association, leading the way to the formation of CEA as a statewide association in 1956. We stand on the shoulders of giants, and it’s our turn to lead the future. I am very proud and honored to be your President this year. I ask you to join me and your Executive Committee to support and grow CEA by Writing CEA’s Next Chapter Together. I look forward to sharing more news with you as time marches on. With excitement and gratitude, Sharon Strahlendorf, CSEO, CEI, CMHS |