More about Laura Eckstein
Blog Posts by Laura Eckstein:
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Texas Adopts Provisions Concerning Home Equity Lending
The Finance Commission of Texas and Credit Union Commission adopted provisions concerning home equity lending, which will be effective on November 24, 2016. The provisions include sections concerning 3% fee limitation, security of the equity loan, pre-closing disclosures, one year prohibition, and authorized lenders.
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Montana Implements Provisions Concerning Renewal Fees and Licensing Definition
The Montana Department of Administration amended its provisions by reducing its licensing renewal fees for 2017 by 50%. This temporary rule is set to expire on March 1, 2017. In addition, the Department also adopted a new rule pertaining to the clarification of the definition of “regularly engage.” The provision regarding this new rule is effective on October 15, 2016.
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Oregon Implements Provisions Concerning Commercial Construction Lending Exemption
The Oregon Department of Consumer and Business Services implemented provisions concerning commercial construction lending exemption under its licensing of mortgage loan originator regulation. These provisions are effective immediately.
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Texas Amends Regulated Lenders and Credit Access Provisions
The Texas Finance Commission, Office of Consumer Credit Commissioner, amended provisions under its chapter regarding Regulated Lenders and Credit Access Businesses. These provisions are effective on September 8, 2016.
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Georgia Adopts Various Provisions Applicable to Residential Mortgage Act
The Georgia Department of Banking and Finance adopted various provisions with respect to the Residential Mortgage Act including licensing fees, examinations and renewals, advertising requirements, maintenance of records, and administrative fines. These provisions are effective on July 10, 2016. Chapters 80-5 and 80-11: Financial Institutions and Brokers and Lenders 80-5-1-.07 License Renewal Periods and Requirements […]
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New Hampshire Amends Provisions Regarding Mortgage Servicers
RSA 397-A Licensing of Nondepository Mortgage Bankers, Brokers, and Servicers 397-A:1 Definitions XII. “Mortgage banker” means a person not exempt under RSA 397-A:4 who, for compensation or gain, or in the expectation of compensation or gain, whether such compensation or gain is direct or indirect: (a) Makes or originates a mortgage loan as payee on […]
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New Hampshire Amends Provisions Regarding Debt Adjustment Services
New Hampshire amended its provisions relating to debt adjustment services. These provisions are effective on January 1, 2017. Chapter 399-D Debt Adjustment Services Definitions Included in these amendments are definitions for several terms. IV. “Debt adjustment” means: a) Providing debt management advice or counseling to consumers for direct or indirect compensation; b) Creating debt management plans for […]
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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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Arizona Amends Provisions Regarding Judgment Liens of Real Property and Enacts Provisions Regarding Revised Uniform Fiduciary Access to Digital Assets Act
Arizona amended its provisions regarding judgment liens on real property. Arizona also enacted provisions regarding its Revised Uniform Fiduciary Access to Digital Assets Act. These provisions are effective on August 6, 2016 or 91 days following adjournment of the legislative session. Arizona revised statutes relating to judgment liens on real property Section 33-961 Filing judgments […]
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Connecticut Amends Provisions Regarding Housing Discrimination and Fair Housing Laws
Connecticut amended its provisions by requiring the Commission on Human Rights and Opportunities to create a one-page disclosure form containing information on housing discrimination and Federal and state fair housing laws. Additionally, it requires persons offering residential property containing two or more units for sale, exchange, or for lease with an option to buy, to […]