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Tennessee Amends Provisions Relating to the Licensing of Non-Depository Financial Institutions
The state of Tennessee has amended provisions of its Residential Lending, Brokerage and Servicing Act affecting the licensing of certain non-depository financial institutions.
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Utah Amends Provisions under Residential Mortgage Practices and Licensing Act
The state of Utah has recently revised its Residential Mortgage Practices and Licensing Act (House Bill 196), which specifies the reporting and licensing requirements under the jurisdiction of the Division of Real Estate. These changes are effective as of May 8, 2017.
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North Dakota Enacts Provisions Regarding Uniform Fiduciary Access to Digital Assets Act
North Dakota enacted several provisions of the Uniform Fiduciary Access to Digital Assets (UFDAA). The provisions enacted permit individuals serving in certain fiduciary roles to access digital information of a user; specifically fiduciaries acting under a will or power of attorney, a decedent’s personal representative, a guardianship, a trustee and a custodian.
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Utah Enacts Uniform Fiduciary Access to Digital Assets Act
The state of Utah has recently enacted the Uniform Fiduciary Access to Digital Assets Act, which clarifies the law regarding access to digital assets in the case of death or incapacitation. The Act will become a new chapter within the Uniform Probate Code, and will be effective as of May 8, 2017.
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OCC Issues Retail Lending Booklet
April 12, 2017, the Office of the Comptroller of the Currency (OCC) issued Bulletin 2017-15 “New Comptroller’s Handbook Booklet” announcing its issuance of a new “Retail Lending” booklet.
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Nebraska Amends Loan Broker Agreement Disclosure Requirements
Effective on September 1, 2017, Nebraska amended its provisions on the manner and process that a loan broker agreement must be given.
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Utah Updates Notaries Public Reform Act
The State of Utah has recently amended several provisions of the Notaries Public Reform Act, with an effective date of May 8, 2017.
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Arkansas Modifies Provisions Regarding Notary Publics
The General Assembly of the state of Arkansas has recently amended Arkansas Code § 21-6-309, which relates to notary publics. These updates are effective as of August 18, 2017.
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Idaho Enacts Provisions Regarding Notarial Acts
The state of Idaho has recently enacted the Revised Uniform Law on Notarial Acts, with various provisions becoming effective between July 1, 2017 and July 1, 2019.
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South Dakota Enacts Provisions Regarding Exemptions from Licensure for Nonresidential Mortgage Loans
The South Dakota legislature amended provisions for the licensure of nonresidential mortgage loans. These provisions will become effective on July 1, 2017.
