State Mortgage Compliance
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Indiana Amends Provisions Regarding Notarial Acts and Remote Notarial Acts
The state of Indiana amended provisions relating to notarial acts through Senate Bill 372. Provisions in this bill range from being effective immediately to being effective on July 1, 2019. Many of the amendments make technical changes to the standard language and definitions as they relate to notarial acts. There are also new provisions in Senate Bill 372 that specify requirements for remote notarial acts.
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Indiana Enacts Provisions Related to Electronic Wills, Trusts, and Powers of Attorney
The state of Indiana enacted provisions related to electronic wills, trusts, and powers of attorney through Indiana House Bill 1303. These provisions create a presumption of regularity for electronic wills, trust instruments, and powers of attorney in Indiana and are effective on July 1, 2018.
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Florida Modifies Provisions Regarding Foreclosure Proceedings
The legislature of the state of Florida has recently enacted provisions regarding foreclosure proceedings where a defendant has filed for bankruptcy. This bill will be effective as of October 1, 2018.
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Virginia Enacts Provisions Regarding Foreclosure Notice
The Commonwealth of Virginia amended its provisions regarding notice to tenant in the event of a foreclosure.
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Utah Amends Residential Mortgage Practices and Licensing Act
The state of Utah amended its provisions relating to its Residential Mortgage Practices and Licensing Act (RMPLA) that include the exemption of certain nonprofit corporations from licensing requirements.
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Nebraska Modifies Consumer Protection Provisions
The state of Nebraska modified its provisions relating to consumer protection under its Financial Data Protection and Consumer Notification of Data Security Breach Act of 2006 (“FDP”). These provisions are effective on July 17, 2018.
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Virginia Amends Provisions Regarding Foreclosure
The commonwealth of Virginia amended its provisions relating to foreclosure that include notice of sale requirements when the owner is deceased. These provisions are effective on July 1, 2018.
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Michigan Amends Requirements for Foreclosure by Advertisement and Limitation of Actions
Michigan has amended 1961 PA 236 (the Act), section 600.3204, concerning foreclosure of a mortgage by advertisement, and section 600.5807, concerning limitation of actions. The amended Act is effective May 7, 2018.
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Maine Amends Provision Related to Debt Collection
This bill amends the law regarding the information that a debt buyer must possess for purposes of debt collection.
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Arizona Adopts Provisions Regarding Notary Fees
The Arizona Office of the Secretary of State amended provisions relating to notary public fees: Arizona Administrative Code Section R2-12-1102.