May, 2017
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Colorado Adopts Notarial Acts Provisions
Colorado has enacted several new provisions regarding its Revised Uniform Law on Notarial Acts. These provisions are effective as of August 9, 2017.
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Alabama Fiduciary Access to Digital Assets Act
Effective January 1, 2018, Alabama has enacted the Revised Uniform Fiduciary Access to Digital Assets Act as Chapter 1A of Title 19, Code of Alabama 1975.
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Washington State Enacts Provisions Regarding Notarial Acts
Washington has recently enacted the Revised Uniform Law on Notarial Acts, which applies to a notarial act performed on or after July 1, 2018, when the bill becomes effective.
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OCC Updates Examination Policies Regarding Violations of Laws and Regulations
May 23, 2017, the Office of the Comptroller of the Currency (OCC) issued Bulletin 2017-18: Violations of Laws and Regulations. The updated policy and procedures are effective on July 1, 2017 and apply to examinations of all national banks, federal savings associations, and federal branches and agencies.
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Iowa Modifies Consumer Credit Code Provisions
Iowa has modified several minor provisions under the Consumer Credit Code. These provisions are effective as of July 1, 2017.
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Montana Amends Provisions Concerning Erroneous References and Digital Assets Act
Montana amended its provisions to correct erroneous references in material that include updates regarding notaries, taxation, and mortgage servicer prohibitions. These provisions are effective on October 1, 2017. Other updates include provisions regarding disabled veterans, invoices of distributors and aviation fuel dealers, accreditation of schools, language programs, firearms, and license plates. Additionally, Montana enacted provisions concerning its Revised Uniform Fiduciary Access to Digital Assets Act. These provisions are effective on October 1, 2017.
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North Carolina Modifies Fee Notice Requirements for Loan Servicers
The General Assembly of North Carolina has enacted Senate Law 2017-10, which streamlines mortgage notice requirements, effective immediately.
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Nebraska Amends Provisions Regarding Recording and Filing Document Fees
The state of Nebraska amended its provisions relating to fees for recording and the filing of certain documents through House Bill 152.
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Freddie Mac “No Credit Score” Underwriting Now in Effect
To expand homeownership opportunities to more borrowers, Freddie Mac has updated its Loan Product Advisor® to allow lenders to assess mortgages for borrowers without credit scores. The new program is effective for mortgages originally submitted on or after May 14, 2017, with settlement dates on or after June 26, 2017. Loan Quality Advisor® will also […]
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Nevada Modifies Notary Provisions
Nevada has updated several provisions regarding notaries to include reference to electronic notaries public. These provisions are effective as of July 1, 2017.