More about Zachary Pearlstein
Zachary Pearlstein, JD, is a Regulatory Compliance Director with CLA's Mortgage Advisory Division. He joined CLA on January 1, 2014, as part of its acquisition of Bankers Advisory, Inc. Zachary oversees Mortgage Advisory's regulatory compliance team, which focuses on federal and state compliance, fair lending, and the Home Mortgage Disclosure Act (HMDA). He is a graduate of Brandeis University and earned his juris doctor at Suffolk University Law School. He is admitted to the Massachusetts Bar.
Blog Posts by Zachary Pearlstein:
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New Jersey Issues Bulletin Regarding 2018 High-Cost Home Loan Dollar Adjustment
The New Jersey Department of Banking and Insurance has issued a Bulletin setting out the maximum principal amount for loans that may be considered “high-cost home loans” under the New Jersey Home Ownership Security Act of 2002. The adjusted dollar amount may be effective for loan applications received on or after January 1, 2018.
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California Enacts Building Homes and Jobs Act and Imposes New Fee
The state of California has recently enacted the Building Homes and Jobs Act, effective January 1, 2018. The purpose of the Act is to establish a permanent, ongoing source of funding for affordable housing development. This funding will go to existing state programs that provide assistance for emergency housing, multifamily housing, farmworker housing, home ownership for very low and low-income households, and down payment assistance for first-time home buyers.
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Iowa Amends Rules Governing Military Service Member Home Ownership Assistance Program
The Iowa Finance Authority has recently clarified and simplified the rules governing the state’s Military Service Member Home Ownership Assistance Program, effective November 29, 2017.
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Hawaii Modifies Provisions Regarding Mortgage Originator Licensing Requirements
The state of Hawaii has recently passed Senate Bill 951, which updates the state’s mortgage loan origination law with regard to licensing requirements. These updates are effective as of September 1st, 2017.
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Rhode Island Amends Provisions Regarding Mortgage Foreclosure and Sale
The state of Rhode Island has recently amended Section 34-27-6 of the General Laws in Chapter 34-27, which relates to mortgage foreclosure and sale. These updates are effective immediately.
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Rhode Island Enacts Provisions Regarding Mortgage Fraud
The General Assembly of the state of Rhode Island has amended Chapter 11-18 of the General Laws, which relates to residential mortgage fraud. These new provisions are effective immediately.
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Hawaii Enacts Provisions Regarding Licensing Requirements for Mortgage Servicers
The state of Hawaii has recently updated several requirements for mortgage loan servicers, effective September 1, 2017.
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Oklahoma Amends Provisions under Consumer Credit Code
The state of Oklahoma has recently enacted Senate Bill No. 467 regarding the Consumer Credit Code and the Department of Consumer Credit, with an effective date of July 1, 2018.
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Arkansas Amends Provisions Regarding Recordation of Deeds
The General Assembly of the state of Arkansas has recently amended Arkansas Code section 26-60-110, which relates to the recordation of deeds for purposes of the real property transfer tax.
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Arkansas Modifies Licensing Provisions under the Fair Mortgage Lending Act
The state of Arkansas has recently enacted House Bill 1801 to amend the Fair Mortgage Lending Act (FMLA). This provision is effective on August 18, 2017 (or 91 days after adjournment of the current legislative session).