Compliance Alerts

The California legislature recently amended its Civil Code to add a new section to address how mortgage servicers must address successors in interest related to a residential mortgage loan, effective...

The California legislature recently amended its laws related to debt collection, its laws related to financial protections for reservists called to active duty, the Residential Mortgage Lending Act (“Act”), and...

 The Alaska legislature recently amended its laws affecting powers of attorney, uniform probate code, and notaries public, effective January 1, 2017.   Alaska House Bill 8   The following definitions in the Uniform...

CFPB BULLETIN 2016-02 Effective October 31, 2016   The Consumer Financial Protection Bureau (“CFPB”) issued Bulletin 2016-02 on October 26, 2016, as a follow up to Bulletin 2012-03, which addressed guidance to...

The Oregon Department of Consumer and Business Services (“Department”) recently adopted new rules to include a commercial construction lending licensing exemption, effective September 9, 2016.   Oregon Rules 441-880-0009   An individual need...

The Finance Commission of Texas (“Commission”) recently updated its rules regarding the licensing of regulated lenders, effective September 8, 2016.   7 TEXAS ADMINSTRATIVE CODE CHAPTER 83   The term “Amount Financed” now...

The Connecticut legislature enacted the Connecticut Uniform Power of Attorney Act (the “Act”), which is effective July 1, 2016, and which was detailed in our Distribution Memo dated June 1,...

The Maryland legislature recently amended its laws regarding consumer debt collection, and regarding actions to quiet title.  Both bills discussed in this memorandum are effective October 1, 2016.   Maryland Senate Bill...

The Connecticut legislature recently amended various laws relating to land titles, foreclosure and loss mitigation, all of which is effective October 1, 2016.  The provisions of House Bill 5571 that...