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Washington adopts Uniform Electronic Legal Material Act
The state of Washington has adopted an act which adds a new chapter to Title 1 RCW, which may be known and cited as the Uniform Electronic Legal Material Act (“the Act”).
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Kansas Modifies Licensing Provisions under Mortgage Business Act
Kansas amended multiple provisions under its Mortgage Business Act that includes application for a mortgage license, surety bond, and reporting requirements. These provisions are effective on July 1, 2017.
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Kansas Enacts Provisions Concerning Revised Uniform Fiduciary Access to Digital Asserts Act
Kansas enacted provisions concerning its Revised Uniform Fiduciary Access to Digital Assets Act. These provisions are effective on July 1, 2017.
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Arkansas Amends Provisions Regarding Recordation of Deeds
The General Assembly of the state of Arkansas has recently amended Arkansas Code section 26-60-110, which relates to the recordation of deeds for purposes of the real property transfer tax.
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Tennessee Amends Several Residential Mortgage Related Provisions
Tennessee amended its provisions for the rules pertaining to home equity conversion mortgages, rate of interest charged by certain industrial loan and thrift registrants and time of manner of foreclosure sales.
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Indiana Amends Notary Provisions
Indiana has amended its provisions regarding notaries. These amendments are effective as of July 1, 2018.
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Iowa Enacts Provisions Regarding its Uniform Fiduciary Access to Digital Assets Act
The state of Iowa enacted provisions regarding its Uniform Fiduciary Access to Digital Assets Act. 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.
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Arkansas Modifies Licensing Provisions under the Fair Mortgage Lending Act
The state of Arkansas has recently enacted House Bill 1801 to amend the Fair Mortgage Lending Act (FMLA). This provision is effective on August 18, 2017 (or 91 days after adjournment of the current legislative session).
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Maryland Enacts Two Provisions Regarding Notice of Foreclosure Sale
Maryland has enacted House Bill 1048, which requires filing of a notice of foreclosure sale with the Department of Labor, Licensing, and Regulation, and House Bill 26 which provides that a person authorized to make a foreclosure sale give notice of the sale and any postponements or cancellations to the record owner of the property and to condominium or homeowners associations.
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Fannie Mae Updates Selling Guide
April 25, 2017, Fannie Mae released Announcement SEL-2017-04, describing updates to the Selling Guide on a number of topics.
