More about Adam Faria

  • Adam Faria
  • Regulatory Compliance Consultant
  • Lexington, MA
  • 781-402-6403

Adam Faria, JD, is a regulatory compliance consultant with Bankers Advisory. He is a graduate of Northeastern University and earned his juris doctor at Suffolk University Law School. He is admitted to the bar in Massachusetts and New Hampshire.

Articles by Adam Faria:

  • Maryland Prescribes a Model Form for Expedited Foreclosure Proceedings for Vacant and Abandoned Properties

    Effective November 6, 2017, the state of Maryland has amended regulation .08 under COMAR 09.03.12, Foreclosure Procedures for Residential Property.


  • Alaska Fiduciary Access to Digital Assets Act

    Effective October 31, 2017, Alaska has enacted the Revised Uniform Fiduciary Access to Digital Assets Act as Title 13, Chapter 63 of the Alaska Statutes. The Act addresses four common types of fiduciaries: executors or administrators of estates, guardians or conservators, agents acting under a power of attorney, and trustees of a trust.


  • Louisiana Modifies Recording Requirements

    Louisiana has passed Senate Bill No. 236 which amends, reenacts and sets forth several provisions relating to recording fees, recording standards, the maintenance of recorded documents, and the electronic recording of documents. These provisions are effective on August 1, 2017.


  • Louisiana Amends Provisions Regarding Cancellation of Mortgages

    The state of Louisiana has passed HB 400 which amends provisions relating to the cancellation of mortgages and adds provisions relating to the partial cancellation of mortgages. These amendments include changes to the model form for cancellation of mortgages and the addition of a model form for the partial cancellation of mortgages. The provisions of HB 400 take effect August 1, 2017.


  • 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.


  • Maryland Enacts Two Provisions Regarding Notice of Foreclosure Sale

    Maryland has enacted House Bill 1048, which requires filing of a notice of foreclosure sale with the Department of Labor, Licensing, and Regulation, and House Bill 26 which provides that a person authorized to make a foreclosure sale give notice of the sale and any postponements or cancellations to the record owner of the property and to condominium or homeowners associations.


  • Virginia Uniform Fiduciary Access to Digital Assets Act

    Virginia has enacted the ‘Uniform Fiduciary Access to Digital Assets Act.’ The Act allows a user to use an online tool or to direct in a will, trust, power of attorney or other record disclosure the release of all, none or some of the users digital assets in the possession of a custodian to a designated recipient.


  • California Adopts Several Provisions affecting Mortgage Lenders, Mortgage Servicers, and Fiduciaries

    California adopts several provisions affecting mortgage lenders, mortgage servicers, and fiduciaries.


  • Massachusetts Updates Mortgage Licensing Provisions

    Effective immediately the Massachusetts Division of Banks has updated the provisions of 209 CMR 41 in order to clarify and reduce reporting requirements in part due to the NMLS.


  • California Updates Various Provisions

    California has passed Assembly Bill 1650 which amends its real estate licensee advertising requirements to require additional disclosures. Existing law requires that, where a real estate licensee publishes, circulates or distributes in any newspaper or periodical or by mail any matter pertaining to any activity for which a license is required, that the advertisement disclose: that the licensee is performing an act for which a real estate license is required, the licensee’s license identification number, and, in the event the licensee is also a mortgage loan originator, his or her NMLS license number.


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