West Virginia passed a bill amending the Residential Mortgage Lender, Broker and Servicer Act (RMLBSA). The bill amended requirements under the RMLBSA with respect to
Utah passed a bill amending the Utah Consumer Credit Code Act (UCCC) with respect to a prepayment penalty. Under the bill, a prepayment penalty may
Washington passed a bill amending language related to the foreclosure prevention fee requirement under the Mortgage Broker Practices Act and Consumer Loan Act. A foreclosure
Mississippi passed a bill amending the S.A.F.E. Mortgage Act. Under the bill, a mortgage lender and broker must now maintain an individual borrower file that
Wyoming passed a bill enacting the Uniform Mortgage Modification Act (UMMA). Per the bill, the UMMA was enacted to set forth the effect of a
Nebraska passed a bill amending the Residential Mortgage Licensing Act (RMLA). Under the bill, a mortgage banker, loan originator, and loan processor and underwriter who
Massachusetts passed a bill requiring lenders and servicers to make a good faith effort to avoid foreclosure due to a federal government shutdown with respect
California passed a bill amending state foreclosure laws under the nonjudicial foreclosure process. Under the bill, the state’s “foreclosure prevention alternative” exemption requirement was amended
California passed a bill amending the state’s notice requirements with respect to a breach of security. Under existing law, a person that conducts business in
Massachusetts adopted rules set forth in 209 CMR (Division of Banks) by removing and re-organizing regulations set forth in 209 CMR 18.00 (Conduct of the
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