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Vermont Enacts Provisions Regarding Home Loan Escrow Accounts
Through Senate Bill 136, the state of Vermont enacted provisions regarding home loan escrow accounts. This bill adopted miscellaneous consumer protection provisions. For the purpose of this article, we will focus on the amendments to home loan escrow account provisions that are effective July 1, 2017.
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Michigan Amends Requirements Concerning Statement of Marital Status in Instruments Conveying or Mortgaging Real Estate
Michigan has amended Act 79 of 1915, concerning the required statement of marital status in written instruments conveying or mortgaging real estate, effective immediately.
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CFPB Releases State-level Snapshot of Consumer Complaints
June 27, 2017, the Consumer Financial Protection Bureau (CFPB) released a special edition of its monthly complaint report, providing a snapshot of consumer complaints submitted across the country. For each state and the District of Columbia, the report provides statistics on complaint volume, the products and services generating the most complaints, company response rates, and […]
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Nevada Amends Mortgage Lending Licensing Provisions
Nevada has updated its provisions regarding licensing, including those relating to continuing education, examination, and reporting requirements. These provisions are effective as of January 1, 2018.
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Nevada Enacts Notary Provisions
Nevada has amended its provisions regarding qualified custodians and notaries in relation to electronic wills. Effective dates of these provisions range from July 1, 2017 to July 1, 2018.
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Nevada Amends Foreclosure Provisions
Nevada has amended its provisions regarding powers of sale for residential foreclosures. These provisions are effective immediately.
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Louisiana Modifies Recording Requirements
Louisiana has passed Senate Bill No. 236 which amends, reenacts and sets forth several provisions relating to recording fees, recording standards, the maintenance of recorded documents, and the electronic recording of documents. These provisions are effective on August 1, 2017.
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Maine Amends Various Provisions Related to Mortgage Loan Servicers and Foreclosure
The state of Maine amended its provisions under its Consumer Credit Code applicable to mortgage loan servicers and also amended its provisions relating to hearing and judgment under foreclosure proceedings by civil action.
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Georgia Amends Provisions Relating to Financial Institutions and Enacts the Uniform Power of Attorney Act
The Georgia state legislature recently passed House Bill 221 enacting the Uniform Power of Attorney Act and House Bill 143 relating to the regulation of financial institutions.
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Connecticut Amends Provisions Concerning Residential Mortgage Licensing
Connecticut amended its provisions relating to licensing under Senate Bill 906, which is an act concerning lead generators of residential mortgage loans.
