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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South Carolina Enacts Provisions Regarding Uniform Fiduciary Access to Digital Assets Act
The General Assembly of South Carolina has recently enacted the Uniform Fiduciary Access to Digital Assets Act, effective immediately. The purpose of this Act is to provide clarification regarding the accessing of digital assets in the event of death or incapacitation. Digital assets include, but are not limited to, email accounts and their contents, social […]
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South Carolina Publishes Notice Regarding Dollar Amounts under Consumer Protection Code
The South Carolina Department of Consumer Affairs published a notice in the State Register that there will be no changes to the dollar amounts under the Consumer Protection Code. Dollar amounts in the Consumer Protection Code are subject to change on July 1 of every even numbered year based on the changes in the Consumer […]
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Indiana Amends Provisions Regarding Financial Institutions
The General Assembly of the State of Indiana has recently passed House Enrolled Act No. 1181, amending various sections of the Indiana Code concerning financial institutions, effective July 1, 2016. SECTION 25. IC 28-7-1-12, AS AMENDED BY P.L.35-2010, SECTION 153, IS AMENDED TO READ AS FOLLOWS Sec. 12. Every credit union and every affiliate of […]
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Colorado Modifies Provisions Regarding MLO Disclosure Law
The General Assembly of the State of Colorado has recently modified its provisions regarding mortgage loan originator disclosure law, aligning state law with recent changes in Federal Law. The updated provisions, which are effective immediately, state that a mortgage loan originator’s disclosures must comply with all applicable requirements of: THE FEDERAL “TRUTH IN LENDING ACT”, […]
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Georgia Adds Provisions Regarding TILA-RESPA Integrated Disclosures
October 30, 2015By Zachary Pearlstein, JDThe Georgia Department of Banking and Finance has recently added several provisions concerning the TILA-RESPA Integrated Disclosure requirements, effective November 16, 2015.(1) The new provisions state that every mortgage lender or mortgage broker must make the following disclosures in writing to applicants for residential mortgage loans: (a) within three business […]
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Missouri Modifies Provisions Regarding Fees
By Zachary Pearlstein, J.D.Effective immediately, the General Assembly of Missouri has updated several sections of the Missouri Revised Statutes relating to financial transactions. The Assembly has increased various fees, which have been underlined below.Section 361.7071. Each application for a license pursuant to sections 361.700 to 361.727 shall be in writing and under oath to the […]
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Nevada Adopts Provisions Regarding Foreclosure Mediation Program
By Zachary Pearlstein, J.D.The State of Nevada has recently updated various provisions regarding the foreclosure mediation program, including provisions that will abolish the program on June 30th, 2017. Nevada law has created a foreclosure mediation program, which states that unless waived, mediation must be conducted as a condition of a judicial foreclosure proceeding, or the […]
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Georgia Updates Foreclosure Provisions
By Zachary Pearlstein, J.D.Effective July 1, 2015, the State of Georgia has updated its provisions regarding foreclosures, and the witnessing requisites of deeds, mortgages, and bills of sale.Code Section 44-5-30 of Title 44 of the Official Code of Georgia Annotated, relating to property, has been updated to state that except for documents electronically filed, a […]
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Oklahoma Adds Provisions Regarding Title Insurance
By Zachary Pearlstein, J.D.Effective November 1, 2015, the State of Oklahoma has updated its regulations concerning title insurance. The new provisions allow title insurance companies to execute and record certain records. When a mortgagee fails to execute and deliver a release of mortgage to the mortgagor (or designated agent) within 60 days of the receipt […]
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Arkansas Amends Provisions Regarding Lien Release
By Zachary Pearlstein, J.D.The state of Arkansas has recently updated its lien release regulations, effective immediately. The revisions allow for the release of a mortgage, deed of trust, or other lien, based on an affidavit by an attorney or a title agent that the lien has been satisfied.Arkansas Code § 18-40-104 states that if a […]