More about Theresa Dydak
Blog Posts by Theresa Dydak:
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Michigan Amends Provisions Concerning Dower Rights
Michigan enacted new legislation that affects a wife’s dower right.
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Washington State Updates Consumer Loan Licensing Requirements
Effective January 1, 2018, the amount of a surety bond required for a consumer loan license will change. Furthermore, two new sections were added to Washington’s Consumer Loan Act concerning capital requirements for non-depository residential mortgage loan servicers.
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New York defines “consummation of a mortgage loan” for purposes of TILA and RESPA
“The term ‘consummation of a mortgage loan’ means, for purposes of the act of congress entitled Truth in Lending Act and the regulations thereunder and the Real Estate Settlement Procedures Act of 1974, as amended, and the regulations thereunder, when the applicant for the mortgage loan executes the promissory note and mortgage.”
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Pennsylvania updates “base figure” definition under the Loan Interest and Protection Law
Pennsylvania has adjusted the definition of “base figure” under the Loan Interest and Protection Law.
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Michigan Modification to Mortgage Loan Originator Fees
Michigan’s Department of Insurance and Financial Services updated its annual licensing fees for the Mortgage Brokers, Lenders and Servicers Licensing Act and the Secondary Mortgage Act. The current fees will remain in place for the remainder of 2016. The new fees, as outlined below, will be effective between January 1 and December 31, 2017.
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Pennsylvania Amends Provisions Concerning Powers of Attorney
Pennsylvania recently amended certain provisions regarding powers of attorney. These changes take effect immediately.
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New York Enacts Provisions Concerning Administration of Digital Assets
New York recently enacted provisions concerning the administration of digital assets which take effect immediately.
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Pennsylvania Amends Powers of Attorney
Pennsylvania amended its statutory provisions that relate to powers of attorney. The effective date of these changes varies from immediately through January 1, 2017.
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New York Amends and Enacts Foreclosure Provisions
New York recently amended and enacted several statutory provisions that relate to foreclosures. These provisions take effect on December 20, 2016. Settlement Conferences First, there are some changes that effect mandatory settlement conferences for foreclosure actions on real property of which the defendant is a resident. The legislation states that at the conference, parties should […]
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Nebraska Adopts Electronic Notary Public Act and Revised Fiduciary Digital Assets Act
Nebraska has adopted an Electronic Notary Public Act effective July 1, 2017. Additionally, Nebraska has adopted the Revised Fiduciary Access to Digital Assets Act which goes into effect on January 1, 2017. Electronic Notary Public Act The act defines what the state of Nebraska considers electronic, electronic documents and an electronic notary public. Also, the […]