State Mortgage Compliance
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Vermont Amendments to Provisions Regarding Licensed Lenders and Loan Servicers
The state of Vermont modified multiple provisions through House Bill 182 that includes amendments regarding licensed lenders and loan servicers. Provisions in this bill range from effective immediately to effective on July 1, 2017; unless noted otherwise, the amendments discussed in this article are effective immediately.
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Vermont Enacts Provisions Regarding Uniform Voidable Transactions Act
The state of Vermont enacted provisions through House Bill 35 regarding its Uniform Voidable Transactions Act. These provisions are effective on July 1, 2017.
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Vermont Enacts Provisions Regarding Revised Uniform Fiduciary Access to Digital Assets Act
Vermont House Bill 152 revises the Vermont Revised Uniform Fiduciary Access to Digital Assets Act by adding Sec. 1. 14 V.S.A. chapter 125. The act clarifies the law regarding access to digital assets in the case of death or incapacitation and grants fiduciaries access to a user’s online accounts, correspondences, and other computer files, if specified in his or her will, trust, or similar agreement. These provisions are effective on July 1, 2017.
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Missouri Adopts Notary Provisions
Missouri has adopted final provisions regarding electronic notary definitions and electronic signatures and seals. These provisions are effective as of June 30, 2017.
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Indiana Enacts Provisions Regarding County Recording Matters
The state of Indiana enacted provisions regarding miscellaneous county recording matters. Many minor amendments have been made to the Indiana Code through Senate Bill 505, for the purposes of this article we will focus on some of the new provisions added to the code.
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Washington adopts Uniform Electronic Legal Material Act
The state of Washington has adopted an act which adds a new chapter to Title 1 RCW, which may be known and cited as the Uniform Electronic Legal Material Act (“the Act”).
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Kansas Modifies Licensing Provisions under Mortgage Business Act
Kansas amended multiple provisions under its Mortgage Business Act that includes application for a mortgage license, surety bond, and reporting requirements. These provisions are effective on July 1, 2017.
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Kansas Enacts Provisions Concerning Revised Uniform Fiduciary Access to Digital Asserts Act
Kansas enacted provisions concerning its Revised Uniform Fiduciary Access to Digital Assets Act. These provisions are effective on July 1, 2017.
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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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Tennessee Amends Several Residential Mortgage Related Provisions
Tennessee amended its provisions for the rules pertaining to home equity conversion mortgages, rate of interest charged by certain industrial loan and thrift registrants and time of manner of foreclosure sales.