State Mortgage Compliance
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Florida Enacts Provisions Regarding Online Notarizations
The state of Florida has recently enacted several provisions relating to notaries, with effective dates ranging from immediately to January 1, 2020.
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Nebraska Enacts Provisions Regarding Online Notary Public Act
The state of Nebraska enacted provisions relating to its Online Notary Public Act that include remote presentation. These provisions are effective immediately and become operative on July 1, 2020.
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Vermont Consolidates and Modernizes its Banking Provisions
Vermont has passed S.154 an act which provides for a multitude of miscellaneous modifications to its banking provisions. The purpose of the act is to consolidate and modernize the laws and regulations relating to non-depository licensing and compliance.
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Nevada Amends Military Lending Act Provisions
The state of Nevada has modified several provisions regarding the licensing and regulation of certain short-term loans, high-interest loans, title loans, and installment loans, including adopting some of the provisions set forth in the federal Military Lending Act.
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Maryland Modifies Provisions Regarding Personal Information Protection Act
Maryland has passed House Bill 1154 which modifies provisions of its Personal Information Protection Act.
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Maryland Amends its Real Property Article to Provide Protections to Impacted Government Employees during a Shutdown
Maryland has passed Senate Bill 512, an act relating to protections for government employees during a government shutdown. The provisions of SB 512 are effective immediately.
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Minnesota Modifies Provisions Regarding Licensing Requirements
The state of Minnesota modified its provisions relating to residential mortgage originators licensing requirements that include licensing exemptions. These provisions are effective on August 1, 2019.
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Oregon Amends Provisions Regarding Security Breaches
The state of Oregon amended its provisions regarding security breaches that involves personal information. These provisions are effective on January 1, 2020.
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Washington Amends Security Breach Provisions
Washington has modified its provisions regarding security breaches of personal information. These provisions are effective as of March 1, 2020.
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Illinois Adopts Residential Mortgage License Act Provisions
The Illinois Department of Financial and Professional Regulation has adopted rules which modify parts of its Residential Mortgage License Act. These provisions are effective immediately.