Tag Archive: "Delaware"
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Delaware Modifies Provisions Regarding Licensing and Fees
The state of Delaware has recently modified its provisions relating to licensing and fees for mortgage brokers and licensed lenders. These provisions are effective immediately.
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Delaware Updates Requirements for Filing Mortgagee Change of Address
The State of Delaware has amended Title 25 § 2124 of the Delaware Code to require a statement of mortgagee address change be filed in the recorder of deeds office within 60 days of the change.
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Delaware Amends Provisions Regarding Satisfaction of Mortgage
The state of Delaware amended its provisions relating to the authorization to satisfy a mortgage. These provisions are effective immediately.
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Delaware Amends Recording Requirements for Mortgagee Changes of Notice Address
The Delaware state legislature has enacted Senate Bill No. 32 concerning the requirements for the recording of a mortgagee’s change of address for purposes of notice.
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Delaware Extends Foreclosure Mediation Program
Effective immediately, Delaware has extended the Delaware Automatic Residential Mortgage Foreclosure Mediation Program. Previously, the foreclosure mediation program was to sunset January 18, 2018. Through the extension, the program will continue to run until January 18, 2020.
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Delaware Updates Lender and Broker Licensing Requirements
Effective as of May 09, 2016, Delaware amended and repealed in part Title 5 Section 122 of the Delaware Code relating to financial institutions. I. The Commissioner’s Powers Due to recent amendments, the Commissioner’s powers have been expanded. Firstly, the Commissioner or the Commissioner’s lawful designee may examine the performance of financial institution services on behalf […]
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Delaware’s Bank Commissioner Adopts Mortgage Regulations
by: Louis DanastorgDelaware has adopted the amended regulations that had been published in the February 2014 edition of the Delaware Register of Regulations. The effective date of the amended regulations is April 11, 2014. Background Delaware’s Office of the State Bank Commissioner published notice of the proposed changes with all their text in the […]
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Delaware Real Estate Appraiser Council Amends Regulations
by: Louis DanastorgThe Delaware Real Estate Appraiser Council has adopted the amended regulations that had been published last November. This present order becomes effective 10 days from the Council’s March 2014 publication in the Register of Regulations.BackgroundOn February 18, 2014 Delaware’s Council of Real Estate Appraisers ordered the adoption of the regulations it had proposed […]
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Delaware Amends Laws Relating to Foreclosures
by: Louis DanastorgDelaware has recently amended titles 10 and 29 of the Delaware Code regarding its real estate foreclosure proceedings. Plaintiffs to a mortgage foreclosure involving an owner-occupied one-to-four family primary residence must wait 45 days before filing the action after sending a Notice of Intent to Foreclose to the borrower. Such notice may only […]
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Delaware Amends Clean Credit and Identity Theft Protection Act
by: Louis Danastorg An Act to Amend Title 6 of the Delaware Code Relating to the Clean Credit and Identity Theft Protection As of November 2007 the three major credit bureaus began offering to all consumers the ability to freeze, and otherwise lock, his or her credit report in every state, regardless of any applicable […]