Compliance Alerts

The Rhode Island legislature recently enacted legislation related to residential mortgage fraud, effective July 5, 2017.   Rhode Island House Bill 5695 and Senate Bill 835   “Mortgage Lending Process” means the process...

The Arkansas legislature recently amended its laws related to notaries public and enacted the Electronic Notary Public Act (the “Act”), effective July 30, 2017.   Arkansas House Bill 1450   Previously the law...

The Nebraska Secretary of State recently enacted rules (“Rules”) to implement the Notary Public Act (“Act”), effective June 24, 2017.  The Act was reported on in a memo dated May...

The Iowa Division of Banking (“Division”) recently amended its rules related to mortgage lenders, mortgage bankers, mortgage brokers and lenders licensed under the Regulated Loan Act, effective July 1, 2017.   Iowa...

The Tennessee legislature recently amended its laws related to licensees under the Mortgage Lender Licensing Act and the Industrial Loan and Thrift Companies Act, effective July 1, 2017.   Tennessee Senate Bill...

The Virginia legislature recently amended its laws affecting tenants in a dwelling unit that is subject to foreclosure, and those laws related to real property tax and non-judicial sale of...

The Maryland legislature recently amended its laws governing surety bond requirements for licensees under the Maryland Mortgage Lender Law, effective June 1, 2017.   Maryland Senate Bill 924   With the application for...

CFPB SUPERVISORY HIGHLIGHTS On April 26, 2017, the Consumer Financial Protection Bureau (the “CFPB”) issued its Spring Supervisory Highlights which includes, among other things, observations related to the Ability-to-Repay Rule and...