Mortgage Document Preparation Compliance Alerts

  • Colorado and Massachusetts Legislative and Washington Regulatory Update

    October 20, 2010

    The Colorado Foreclosure Protection Act has been amended.  Massachusetts enacted legislation addressing reverse mortgages.  Washington Rules implementing the Mortgage Broker Practices were amended.  If you have any questions concerning this memorandum, please contact Laura LaRaia.

     

    COLORADO HB 10-1133 (effective January 1, 2011)

     

    Definitions

     

    “Equity purchaser” means a person, other than a person who ...

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  • California Legislative and Regulatory Update

    October 20, 2010

    The California legislature recently amended its laws relating to various aspects of foreclosure.  The legislation discussed in this memorandum is effective January 1, 2011.  The California Commissioner of Corporations extended Emergency Regulations on September 28, 2010.  If you have any questions concerning this memorandum, please contact Laura LaRaia.

     

    California Senate Bill 1221

     

    The ...

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  • Maine Legislative Update

    October 13, 2010

    Maine Legislative Document 1439/1618

     

    The Maine legislature enacted the Maine Secure and Enforcement for Mortgage Licensing Act of 2009 (the “Act”) which is effective January 1, 2011 to implement and 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 ...

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  • District of Columbia, Maryland and Nevada Regulatory Update

    October 01, 2010

    The District of Columbia Commissioner of the Department of Insurance, Securities, and Banking (the “Commissioner”) recently issued Emergency Rules amending D.C.’s Regulations governing mortgage lenders, mortgage brokers, and mortgage loan originators.  The Maryland Department of Labor, Licensing, and Regulation (the “Department”) recently issued Emergency Regulations addressing the transition to the Nationwide Mortgage Licensing System and Registry (the “NMLSR”) for ...

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