Compliance Alerts

The Vermont legislature recently amended its laws regarding mortgage lending licensing, effective May 1, 2017.   Vermont House Bill 182   A person previously licensed as a mortgage loan originator applying to be...

The Utah legislature recently amended its laws related to reporting and licensing requirements under the jurisdiction of the Division of Real Estate (“Division”) for residential mortgage lenders, effective May 8,...

Alaska House Bill 12 amended provisions regarding licensing requirements for registering a depository institution (see our Memorandum of December 14, 2016 for a discussion of this legislation).  The Alaska Department...

  The Kentucky Department of Financial Institutions (“DFI”) recently issued a memorandum dated December 22, 2016 regarding licensing requirements for servicers.  The Oregon Department of Consumer and Business Services (“Department”) recently...

The Washington legislature recently enacted the Uniform Power of Attorney Act (the “Act”), effective January 1, 2017.  The Act spells out, among other things, execution requirements, powers of agents, termination...

  The New York Department of Financial Services (“Department”) promulgated Part 422 of Title 3 of the Codes, Rules and Regulations (the “Rule”), addressing lenders’ obligations to inspect, secure and maintain...

The Kentucky Department of Financial Institutions, Division of Non-Depository Institutions (“Department”), recently amended its administrative regulations relating to Mortgage Loan Companies and Brokers (under its authority in KRS 286.8-010 et...

The Alaska legislature recently amended its laws governing mortgage licensing, effective January 1, 2017.   Alaska House Bill 12   An individual required to be licensed as a mortgage loan originator must: Register...