Mortgage Document Preparation Compliance Alerts

  • Connecticut, Maryland and Montana Legislative Update

    September 30, 2009

    The Connecticut legislature has recently enacted the Uniform Real Property Electronic Recording Act, mortgage fraud laws, and vacant property registration and amended its laws on nonprime home loans and foreclosure.  The Maryland legislature amended the definitions of mortgage fraud and residential property, and the Montana legislature amended the law regarding insurance on improvements on real property.  All of ...

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  • Massachusetts Regulatory Update

    September 29, 2009

    Massachusetts Emergency Regulation 209 CMR 41.00 (effective September 15, 2009)

     

    Our July 31, 2009 Memorandum discussed Massachusetts House Bill 4178, effective July 31, which enacted laws concerning mortgage loan originator licensing (the “laws”) to comply with the Federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (the “S.A.F.E. Act”). The Massachusetts Division of Banks (the “Division”) ...

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  • New Hampshire Legislative Update

    September 25, 2009

    The New Hampshire legislature recently amended its mortgage bankers, mortgage brokers, and mortgage originators licensing laws, (the “Act”), to comply with the Federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (the “S.A.F.E. Act”), and its mortgage loan servicers’ laws.  If you have any questions concerning this Memorandum, please contact Laura LaRaia.

     

    HOUSE BILL 610 (effective ...

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  • Georgia Regulations

    September 24, 2009

    Georgia Mortgage Division Rules (effective September 7, 2009)

               

    The Georgia Department of Banking and Finance Mortgage Division (the “Department”) has recently amended its Mortgage Division Rules related to financial institutions and residential mortgage brokers and lenders and adopted a new rule regulating mortgage loan originator licensure and other requirements to comply with the Federal Secure and Fair Enforcement ...

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  • Colorado Rules

    September 24, 2009

    Our July 27, 2009 Memorandum discussed Colorado House Bill 1085, effective August 5, 2009, which enacted the Mortgage Loan Originator Licensing Act (the “Act”), conforming Colorado law to the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (the “S.A.F.E. Act”).   The Colorado Division of Real Estate (the “Division”) has recently adopted rules related to mortgage loan ...

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  • Arizona Legislation

    September 23, 2009

    The Arizona legislature recently amended its Mortgage Brokers, Mortgage Bankers, and Loan Originators’ laws (the “Laws”) 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 concerning this Memorandum, please contact Laura LaRaia.

               

    Arizona House Bill 2143 (effective September 29, 2009)

               

    The Superintendent ...

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  • Nevada Legislation

    September 22, 2009

    The Nevada legislature has recently amended its laws relating to mortgage lending, mortgage brokers and mortgage agents, mortgage bankers, foreclosure, common-interest ownership, escrow officers, and powers of attorney.  The Bills are effective October 1, 2009.  If you have any questions concerning this Memorandum, please contact Laura LaRaia. 

               

    Assembly Bill 486

               

    The Commissioner of Mortgage ...

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  • Nevada Rules LCB File No. R052-09

    September 21, 2009

    Our June 9, 2009 Memorandum discussed Nevada Assembly Bill 152, which enacted laws addressing covered service providers, foreclosure consultants, and loan modification consultants.  Our July 24, 2009 Memorandum discussed emergency regulations adopted by the Commissioner of Mortgage Lending (the “Commissioner”) to implement the Bill.  Recently, the Commissioner recently adopted permanent regulations, and the emergency regulations have been repealed....

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  • Arizona, Illinois, and Oregon Legislative Update and Colorado Regulatory Update

    September 16, 2009

    The Arizona legislature recently amended its mortgage lending laws.  The Illinois legislature and the Oregon legislature recently amended their foreclosure laws.  The Director of the Colorado Division of Real Estate (the “Director”) recently issued Emergency and Permanent Rules regarding mortgage loan originators.  If you have any questions concerning this Memorandum, please contact Laura LaRaia. 

     

    Arizona...

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  • Real Estate Settlement Procedures Act (“RESPA”) Regulation X

    September 11, 2009

    Real Estate Settlement Procedures Act (“RESPA”) Regulation X

               

    Our December 30, 2008 Memorandum advised you of the November 17, 2008 Department of Housing and Urban Development (“HUD”) issuance of the Final RESPA Rule.  The Rule was issued to require more timely and effective disclosures related to mortgage settlement costs for federally related mortgage loans to consumers.  These ...

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