State Mortgage Compliance
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Washington Publishes Notice Regarding Temporary Waiver of Fees
The Washington Department of Financial Institutions, Division of Consumer Services has issued a notice to licensees that it will temporarily waive certain fees and parts of fees under its Consumer Law Act.
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Connecticut Adopts Real Estate Closing Provisions
The state of Connecticut has enacted provisions requiring real estate closings to be conducted by licensed attorneys. These provisions are effective as of October 1, 2019.
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Maine Amends Foreclosure Regulations
Maine has passed amendments with the purpose of ensuring timely completion of foreclosures and to ensure that proper notification is made to defendants in foreclosure proceedings.
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Delaware Modifies Provisions Regarding Licensing and Fees
The state of Delaware has recently modified its provisions relating to licensing and fees for mortgage brokers and licensed lenders. These provisions are effective immediately.
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New Jersey Amends Provisions Regarding Foreclosure
The state of New Jersey has recently amended its provisions relating to foreclosure, effective immediately.
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New Hampshire Amends Provisions Regarding Mortgage Exemptions
The state of New Hampshire has recently amended its provisions regarding mortgage exemptions, effective immediately.
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Hawaii Enacts Provisions Regarding MLO Licensing
The state of Hawaii has recently enacted provisions regarding the temporary authority of certain individuals to engage in business as a mortgage loan originator (MLO).
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Oregon Modifies Provisions Regarding Foreclosure and Rights of Redemption
These provisions are effective on January 1, 2020.
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Nevada Amends Personal Data Provisions
The state of Nevada has updated its provisions regarding the collection of personal information. Provisions in Senate bill 302 range from effective immediately to effective as of January 1, 2021.
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Nevada Amends Real Property Provisions
The state of Nevada has modified several provisions regarding real property pursuant to Senate Bill 382. These provisions are effective as of October 1, 2019