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Minnesota Amends Recording Requirements Relating to Real Property
The Minnesota legislature passed House File 46, a bill concerning the recording of documents relating to real property. The amendments therein set forth new requirements and clarifications concerning the filing of certificates of value, recording, registration, use of electronic documents and other provisions affecting real estate.
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Oklahoma Amends Provisions under Consumer Credit Code
The state of Oklahoma has recently enacted Senate Bill No. 467 regarding the Consumer Credit Code and the Department of Consumer Credit, with an effective date of July 1, 2018.
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Maryland Adopts Various Changes Affecting Mortgage Lending
Recent Maryland Mortgage Lending Regulatory updates include the Uniform Electronic Legal Materials Act, Mortgage and Deeds of Trust Recording, the Personal Information Protection Act and Surety Bond Liability
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CFPB Issues Notice of ATR/QM Assessment and Requests Comment
May 25, 2017, the Consumer Financial Protection Bureau released details of its plan to assess the 2014 Ability to Repay (ATR) and Qualified Mortgage (QM) Standards (ATR/QM Rule) and requested comments. Comments are due by July 31, 2017.
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Nevada Adopts Provisions on Fiduciary Access to Digital Assets
Nevada has enacted provisions regarding its Revised Uniform Fiduciary Access to Digital Assets Act. These provisions are effective as of October 1, 2017.
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Colorado Adopts Notarial Acts Provisions
Colorado has enacted several new provisions regarding its Revised Uniform Law on Notarial Acts. These provisions are effective as of August 9, 2017.
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Alabama Fiduciary Access to Digital Assets Act
Effective January 1, 2018, Alabama has enacted the Revised Uniform Fiduciary Access to Digital Assets Act as Chapter 1A of Title 19, Code of Alabama 1975.
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Washington State Enacts Provisions Regarding Notarial Acts
Washington has recently enacted the Revised Uniform Law on Notarial Acts, which applies to a notarial act performed on or after July 1, 2018, when the bill becomes effective.
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OCC Updates Examination Policies Regarding Violations of Laws and Regulations
May 23, 2017, the Office of the Comptroller of the Currency (OCC) issued Bulletin 2017-18: Violations of Laws and Regulations. The updated policy and procedures are effective on July 1, 2017 and apply to examinations of all national banks, federal savings associations, and federal branches and agencies.
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Iowa Modifies Consumer Credit Code Provisions
Iowa has modified several minor provisions under the Consumer Credit Code. These provisions are effective as of July 1, 2017.
