June, 2016
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Connecticut Delays Effective Date of Uniform Power of Attorney Act
By Laura Eckstein, J.D.Connecticut amended its provisions regarding its Uniform Power of Attorney Act including delaying the effective date of the Act. Sections 1 to 57, inclusive, of public act 15-240 are now effective on October 1, 2016.Section 1. Subsections (a) and (b) of section 1-350e of the 2016 supplement to the general statutes are […]
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Colorado Modifies Statutes related to Mortgage Loan Originators
By Robert Harrison, J.D. The state of Colorado amended state statutes governing mortgage loan originators in order to conform more closely to applicable Federal laws. Colorado Revised Statutes 12-61-903(3)(a) has been amended; Each applicant for a mortgage loan originator license must have completed an approved mortgage lending fundamentals course of at least 9 hours of […]
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Colorado Modifies Statutes related to Assisting in Foreclosure Proceed Recovery
By Robert Harrison, J.D.Colorado has modified provisions regarding the conditions under which a person may assist another for compensation in obtaining the proceeds of a foreclosure sale after all liens have been satisfied. Colorado Revised Statutes, 6-1-105, has been modified to add examples of deceptive trade practices. A deceptive trade practice now includes entering into […]
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Arizona Revises Telephone Solicitations Definitions
The Arizona state legislature recently passed Senate Bill 1375 revising Sections 44-1271 and 44-1282 of the Arizona Revised Statutes relating to telephone solicitations. These revisions are effective as of August 6, 2016. The Section 44-1271 definition of "Telephone solicitation" has been revised to "any voice communication from a live operator, announcing device or otherwise that […]