State Mortgage Compliance
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Montana Amends Provisions Regarding Mortgage Act and Reporting Requirements for Escrow Businesses
The state of Montana amended its provisions relating to its Mortgage Act.
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North Dakota Adopts Remote Notary Requirements
North Dakota has enacted House Bill No. 1110 relating to the adoption of the Revised Uniform Law on Notarial Acts.
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South Dakota Adopts Remote Notary Requirements
The legislature of South Dakota has enacted House Bill 1272, An Act to provide for remote notarization.
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Wyoming Amends Provisions Surrounding Property Redemption
Wyoming has enacted House Bill 292 amending foreclosure sale and right of redemption provisions.
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New Jersey Issues Bulletin Regarding 2019 High-Cost Home Loan Dollar Adjustment
The adjusted dollar amount is effective for loan applications received on or after January 1, 2019.
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Nevada Enacts Temporary Electronic Notary Rule
The Nevada Secretary of State has adopted a temporary rule concerning electronic notarizations. These provisions are effective immediately.
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Rhode Island Adopts Licensing Provisions Regarding Lenders, Brokers and Mortgage Loan Originators
The Rhode Island Department of Business Regulation has recently adopted provisions regarding licensing requirements for mortgage lenders, mortgage brokers, and mortgage loan originators, effective immediately.
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The District of Columbia Enacts Provisions Regarding Notaries Public
The District of Columbia has passed D.C. ACT 22-471, now known as D.C. Law 22-189, or; the “Revised Uniform Law on Notarial Acts Act of 2018.”
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Ohio Regulatory Updates
Ohio Enacts the Notary Public Modernization Act, Amends Provisions Regarding Foreclosure Procedures and Amends Provisions Regarding Financial Institutions
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Illinois Modifies Residential Mortgage License Act Provisions
Illinois has amended provisions under its Residential Mortgage License Act. These provisions are effective immediately.