Mortgage Document Preparation Compliance Alerts

  • Alabama Legislative and Regulatory Update

    May 29, 2009

    The Alabama legislature recently enacted the Alabama Secure and Fair Enforcement for Mortgage Licensing Act of 2009 or the Alabama S.A.F.E. Mortgage Licensing of 2009 (the “Act”), to comply with the Federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (the “S.A.F.E. Act”). The Alabama State Banking Department (the “Department”) issued an emergency regulation to authorize a fee ...

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  • California Legislative and Regulatory Update

    May 28, 2009

    The California legislature has recently enacted the California Foreclosure Prevention Act (the “Act”) to amend its foreclosure laws.  The Act is effective from June 15, 2009 through January 1, 2011, unless a statute is enacted before January 1, 2011 that deletes or extends the date.  The California Corporations Commissioner (the “Commissioner”) recently adopted rules to clarify the ...

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  • Georgia, Hawaii, Maryland, and Minnesota Legislative Update

    May 28, 2009

    The Georgia legislature recently enacted the Uniform Real Property Electronic Recording Act (the “Recording Act”).  The Hawaii legislature has amended its laws relating to the Mortgage Rescue Fraud Prevention Act (the “Act”), and the Maryland and Minnesota legislatures have amended their foreclosure laws.

     

    If you have any questions concerning this Distribution Memorandum, please contact Laura LaRaia.

     

    Georgia...

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  • State and Local Foreclosure Update

    May 27, 2009

    Courts in Florida and South Carolina have issued orders related to foreclosures.  Tennessee and West Virginia have recently enacted laws related to foreclosures.  Marion County Indiana has issued Local Rules for its courts for residential mortgage foreclosure cases.  If you have any questions concerning this Distribution Memorandum, please contact Laura LaRaia.

     

    FLORIDA

     

    Circuit Court of ...

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  • West Virginia Legislative Update

    May 26, 2009

    Senate Bill 532 amends the West Virginia Residential Mortgage Lender, Broker and Servicer Act and amends the West Virginia Consumer Credit and Protection Act.  The Bill also enacts the West Virginia SAFE Mortgage Licensing Act (the “Act”), all of which are to implement and comply with the Federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (the ...

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  • Georgia Legislative Update

    May 26, 2009

    The Georgia legislature recently amended the Georgia Residential Mortgage Act (the “Act”) to implement the Federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (the “S.A.F.E. Act”) and amended its foreclosure laws.

     

    If you have any questions concerning this Distribution Memorandum, please contact Laura LaRaia.

     

    Georgia House Bill 312 (effective July 1, 2009)

     

    All ...

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  • Michigan Legislative Update

    May 26, 2009

    The Michigan legislature has recently amended its laws related to mortgage foreclosures, effective the date the Governor signed the three bills, May 20, 2009.  The bills are effective through May 20, 2011.

     

    If you have any questions concerning this Distribution Memorandum, please contact Laura LaRaia.

     

    Michigan House Bill 4453

     

    “Borrower” means the mortgagor.

     ...

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  • Indiana Legislative Update

    May 22, 2009

    The Indiana legislature recently amended its laws relating to residential mortgage lending practices, including prepayment penalties, appraisals, lending, and fraud prevention information and its insurance laws, adding a chapter on escrow transactions in real estate transactions.  The new laws also address foreclosure prevention agreements for residential mortgages and loan brokers.  If you have any questions concerning this Distribution ...

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  • Washington Legislative Update

    May 21, 2009

    The Washington legislature recently enacted legislation to comply with the Federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (the “S.A.F.E. Act”).  If you have any questions regarding this Distribution Memorandum, please contact Laura LaRaia.

     

    Washington House Bill 1621

     

    The laws regulating the practices of consumer loan companies under the Consumer Loan Act (the “Act”) ...

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  • Idaho House Bill 169 (effective July 1, 2009)

    May 21, 2009

    The Idaho legislature recently enacted the Idaho Residential Mortgage Practices Act (the “Act”), which regulates mortgage brokers, mortgage lenders, and mortgage loan originators, and the Idaho Secure Fair Enforcement Licensing Act of 2009 or the Idaho S.A.F.E. Mortgage Licensing of 2009 (“S.A.F.E. Act”), applicable to mortgage loan originators.  If you have any questions regarding this Distribution Memorandum, please contact ...

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