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Missouri Adopts Digital Assets Provisions
Missouri has enacted provisions regarding its Fiduciary Access to Digital Assets Act. These provisions are effective as of August 28, 2018.
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Colorado Amends MLO Licensing and Consumer Protection Provisions
MLO Licensing The state of Colorado has amended MLO licensing provisions under its Mortgage Loan Originator Licensing and Mortgage Company Registration Act. These provisions are effective as of August 8, 2018. License Requirements Under the previous provision, mortgage loan originators were required to complete a mortgage lending fundamentals course which included at least nine hours […]
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Vermont Modifies Provisions Regarding Consumer Protection, Also Enacts Provisions Regarding Uniform Law on Notarial Acts
Consumer Protection The state of Vermont modified its provisions relating to data security and consumer privacy through House Bill 764. This bill contains provisions dealing with the protection of personal information and the regulation of data brokers and data collectors. Title 9 V.S.A. § 2430 is amended with definitions to be used in in chapter […]
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Iowa Modifies Provisions Regarding Redemption of Property
Iowa has amended its provisions regarding redemption of real property. Under the new provisions, the time periods for redeeming real property from foreclosure and for delaying sale of a foreclosed property have been reduced. These changes are effective as of July 1, 2018.
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Connecticut Amends Reverse Mortgage Provisions
Connecticut has modified its provisions regarding reverse mortgages in an effort to increase protections for consumers. These changes are effective as of October 1, 2018.
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Freddie Mac Launches “Borrower of the Future” Campaign
The campaign aims to improve the housing finance system and better serve the next generation of homeowners May 21, 2018, Freddie Mac announced the launch of “Borrower of the Future” campaign to help mortgage originators better understand and address the evolving needs of the next generation of consumers driving housing demand. Freddie Mac will deliver […]
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Tennessee Enacts Provisions Regarding its Online Notary Public Act
Tennessee has passed House Bill 1794 which amends Tennessee Code Annotated, Section 66-22-10. HB 1794 provides for the online notarization of documents or instruments by a notary public who has been appointed as an online notary public by the Secretary of State.
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U.S. House Passes Senate Regulatory Relief Package
On Tuesday, May 22, 2018, the United States House of Representatives passed the Senate-approved regulatory relief bill (S.2155) without amending same. The measure now heads to the executive branch for signing, which is expected. Although measures to amend the Senate’s bill were likely to pass in the House, the fate of an amended regulatory relief bill in the Senate was uncertain.
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Georgia Modifies Provisions Relating to Powers of Attorney, Trusts, and Fiduciary Access to Digital Assets
The state of Georgia has modified provisions under its Power of Attorney Act, Revised Trust Code, and Uniform Fiduciary Access to Digital Assets Act. These provisions are effective as of July 1, 2018.
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Florida Adopts Provisions Regarding Unlawful Rebates and Inducements Relating to Title Insurance Transactions
The Florida Department of Financial Services, Division of Insurance Agents and Agency Services, has recently adopted provisions regarding unlawful rebates and inducements relating to title insurance transactions. These provisions are effective on May 13, 2018.
