Compliance Alert Archive

• Wisconsin Legislative and Regulatory Update

  February 04, 2010

  The Wisconsin legislature enacted Senate Bill 62, which is the Wisconsin version of the Federal Secure and Fair Enforcement of Mortgage Licensing Act of 2008 (“S.A.F.E. Act”) and becomes effective January 1, 2010.  The Division of Banking (“Division”) promulgated regulations to implement Senate Bill 62.  If you have any questions concerning this Compliance Memorandum, please contact Laura ...

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• Texas Regulatory Update

  February 04, 2010

  The January 8 Texas Register published the Texas Department of Savings and Mortgage Lending (the “Department”) regulations which were effective immediately to implement recent legislation. (See our Compliance Memorandums dated June 26, 2009 and February 2, 2010.)  The regulations also are to assist the Department in preparing to participate in the Nationwide Mortgage Licensing System and Registry (“NMLSR”).  ...

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• Federal Regulatory and State Legislative Update

  February 02, 2010

  The Department of Housing and Urban Development (“HUD”) recently issued a revised Special Information Booklet.  Rhode Island and Texas have enacted legislation respectively addressing foreclosures and the S.A.F.E. Act.  If you have any questions concerning this Memorandum, please contact Laura LaRaia.

  HUD’s Special Information Booklet

  During the past few years there has been discussion regarding the updating of ...

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