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Montana Amends Provisions Concerning Erroneous References and Digital Assets Act
Montana amended its provisions to correct erroneous references in material that include updates regarding notaries, taxation, and mortgage servicer prohibitions. These provisions are effective on October 1, 2017. Other updates include provisions regarding disabled veterans, invoices of distributors and aviation fuel dealers, accreditation of schools, language programs, firearms, and license plates. Additionally, Montana enacted provisions concerning its Revised Uniform Fiduciary Access to Digital Assets Act. These provisions are effective on October 1, 2017.
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North Carolina Modifies Fee Notice Requirements for Loan Servicers
The General Assembly of North Carolina has enacted Senate Law 2017-10, which streamlines mortgage notice requirements, effective immediately.
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Nebraska Amends Provisions Regarding Recording and Filing Document Fees
The state of Nebraska amended its provisions relating to fees for recording and the filing of certain documents through House Bill 152.
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Freddie Mac “No Credit Score” Underwriting Now in Effect
To expand homeownership opportunities to more borrowers, Freddie Mac has updated its Loan Product Advisor® to allow lenders to assess mortgages for borrowers without credit scores. The new program is effective for mortgages originally submitted on or after May 14, 2017, with settlement dates on or after June 26, 2017. Loan Quality Advisor® will also […]
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Nevada Modifies Notary Provisions
Nevada has updated several provisions regarding notaries to include reference to electronic notaries public. These provisions are effective as of July 1, 2017.
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Vermont Amendments to Provisions Regarding Licensed Lenders and Loan Servicers
The state of Vermont modified multiple provisions through House Bill 182 that includes amendments regarding licensed lenders and loan servicers. Provisions in this bill range from effective immediately to effective on July 1, 2017; unless noted otherwise, the amendments discussed in this article are effective immediately.
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Vermont Enacts Provisions Regarding Uniform Voidable Transactions Act
The state of Vermont enacted provisions through House Bill 35 regarding its Uniform Voidable Transactions Act. These provisions are effective on July 1, 2017.
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Vermont Enacts Provisions Regarding Revised Uniform Fiduciary Access to Digital Assets Act
Vermont House Bill 152 revises the Vermont Revised Uniform Fiduciary Access to Digital Assets Act by adding Sec. 1. 14 V.S.A. chapter 125. The act clarifies the law regarding access to digital assets in the case of death or incapacitation and grants fiduciaries access to a user’s online accounts, correspondences, and other computer files, if specified in his or her will, trust, or similar agreement. These provisions are effective on July 1, 2017.
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Missouri Adopts Notary Provisions
Missouri has adopted final provisions regarding electronic notary definitions and electronic signatures and seals. These provisions are effective as of June 30, 2017.
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Indiana Enacts Provisions Regarding County Recording Matters
The state of Indiana enacted provisions regarding miscellaneous county recording matters. Many minor amendments have been made to the Indiana Code through Senate Bill 505, for the purposes of this article we will focus on some of the new provisions added to the code.
