Compliance Alert Archive

• Federal Regulatory and Utah Regulatory Update

  June 22, 2012

  The Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency (the “Agencies”) issued guidance on June 21, 2012 to mortgage servicers addressing risks related to military homeowners who have informed the servicer that they have received military ...

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• Alabama, District of Columbia and Louisiana Legislative Update

  June 21, 2012

  The Alabama legislature recently amended its laws governing recording of instruments, effective August 1, 2012.  Our December 6, 2010, February 18, 2011, May 6, 2011, and August 23, 2011 Compliance Memoranda discussed District of Columbia Acts B18-1067, 19-0008, 18-635, and A19-0147/B19-0419 effective November 17, 2010, February 11, 2011, March 12, 2011, and August 9, 2011, respectively, in which the Council ...

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• Colorado and Maryland Legislative Update

  June 07, 2012

  The Colorado legislature recently amended Colorado law governing notary publics, effective August 8, 2012.  The Maryland legislature recently enacted legislation governing indemnity mortgages and real property taxes related to a foreclosure sale and amended laws governing interest payable on escrow accounts.  The legislation was effective June 1, 2012.

   

  COLORADO HOUSE BILL 12-1274

   

  At the ...

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• Louisiana and New Hampshire Legislative and Colorado, New York and Texas Regulatory Update

  June 06, 2012

  The Louisiana legislature amended Louisiana laws governing the erasure or cancellation of mortgages effective August 1, 2012.  The New Hampshire legislature recently amended the exemptions under the Licensing of Nondepository First Mortgage Bankers and Brokers Act (the “New Hampshire Act”) effective May 29, 2012 and enacted legislation governing debt-related mortgage disability and mortgage accidental death insurance, effective July ...

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• Michigan Legislative and Colorado Regulatory Update

  June 05, 2012

  The Michigan legislature recently amended the Mortgage Loan Originator Licensing Act (the “Act”), effective May 30, 2012.  The Colorado Board of Mortgage Loan Originators (the “Board”) recently promulgated a new S.A.F.E. Act Compliance Rule and amended the Mortgage Loan Originator Advertising Rule.  The Rules are effective July 15, 2012.  On May 16 the Board also issued ...

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