More about ryan.peters@claconnect.com
Blog Posts by ryan.peters@claconnect.com:
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South Carolina Amends Provisions for Mortgage Lending Licensing
South Carolina has enacted provisions related to mortgage lending licensing, effective September 18, 2017 and has amended Regulation 15-64 to comply with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act), and with rules issued by the Consumer Financial Protection Bureau, effective immediately.
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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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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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Washington adopts Uniform Electronic Legal Material Act
The state of Washington has adopted an act which adds a new chapter to Title 1 RCW, which may be known and cited as the Uniform Electronic Legal Material Act (“the Act”).
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New York Adopts Cybersecurity Requirements for Financial Services Companies
New York has adopted provisions regarding cybersecurity requirements for financial services companies.
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Nevada Adopts Regulations Related to Mortgage Brokers, Mortgage Bankers, and Escrow Agents
Nevada recently adopted regulations R125-16, R126-16, and R070-16 related to mortgage brokers, mortgage bankers, and escrow agents.
The regulations are effective as of January 27, 2017.
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New Jersey Adjusts Definition of “High-Cost Home Loan”
New Jersey Department of Banking and Insurance adjusts definition of “high-cost home loan” under the New Jersey Home Ownership Security Act of 2002.