Tag Archive: "Idaho"
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Idaho Modifies its Uniform Law on Notarial Acts
Idaho has passed Senate Bill 1111, an act modifying the Uniform Law on Notarial Acts. New provisions in the act are effective January 1, 2020 and allow for a notarial act to be performed by a remotely located individual.
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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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Idaho Updates the Residential Mortgage Practices Act
By Julio Suarez, J.D.Effective as of March 25, 2016 Idaho adopted provisions updating its Residential Mortgage Practices Act (the Act). These updates include federal law reincorporation and streamlined processes for lenders as well as brokers. Provided InformationThe amendments incorporated into the Act allow for temporal requirements to shift along with the regulations and laws. Previously, […]
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Idaho Amends Foreclosure Sale Provisions
Effective July 1, 2016 Idaho adopted requirements amending Idaho Code Section 45-1506 on the duties of the purchaser of a trust deed foreclosure sale in regards to untitled property. Commencing the Process Under the amendment the purchaser has a four step procedure to follow: (1) determination of occupancy; (2) storage; (3) notice; and (4) satisfaction […]
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Idaho Amends Trustee Definition
Effective July 1, 2016, the Idaho House of Representatives House Bill No. 503 amends Section 45-1502 of An Act Relating to Trust Deeds to revise the definition of “Trustee.” Idaho has expanded the definition of Trustee. The State of Idaho maintains the previous definition as a person who has received real property by way of […]
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Recent Changes to Mortgage Laws in Kansas and Idaho
by: Nicole Legere, Esq.Kansas Revisions to Mortgage Interest Rates Kansas Senate Bill 52 was recently passed to increase the maximum annual interest rate, from its previous limitation of no more than 1.5 percentage points, to no more than 3.5 percentage points above the specified monthly floating cap set by the Federal Home Loan Mortgaging Corporation. […]