Texas Amends Secondary Mortgage Loan Act Rules
September 8, 2016
Texas adopted rules amending the Secondary Mortgage Loan Act. The adopted rules: require applicants for a lender or broker license to pay a fee for
Alaska Amends Power of Attorney Provisions
August 25, 2016
Alaska passed a bill amending the state’s power of attorney provisions. The amended provisions are modeled upon the Uniform Power of Attorney Act drafted and
Alaska Permits Federal Savings Banks to Voluntarily Register with the Department of Commerce, Community, and Economic Development for Purposes of Sponsoring Mortgage Loan Originators
August 25, 2016
Alaska passed a bill permitting depository institutions to voluntarily register with the Department of Commerce, Community, and Economic Development (Department) for purposes of sponsoring mortgage
New Hampshire Repeals Mortgage Servicing Companies Act and Repeals and Reenacts Nondepository Mortgage Bankers and Brokers Act
August 22, 2016
New Hampshire passed a bill repealing the Mortgage Servicing Companies Act (MSCA) and repealing and reenacting the Nondepository Mortgage Bankers and Brokers Act (NMBBA). Under
Maine Repeals and Readopts Alternative Mortgage Transaction Joint Rule
August 15, 2016
The Maine Bureau of Consumer Credit Protection and the Bureau of Financial Institutions have repealed and readopted a joint rule regulating alternative mortgage transactions. The
Hawaii Amends Secure and Fair Enforcement for Mortgage Licensing Act and Mortgage Servicers Act
July 7, 2016
Hawaii Amends Secure and Fair Enforcement for Mortgage Licensing Act and Mortgage Servicers Act Hawaii passed a bill amending the Secure and Fair Enforcement for
Georgia Repeals Mortgage Broker Experience and Education Requirements
June 30, 2016
Georgia adopted rules repealing the mortgage broker experience and education requirements under the Residential Mortgage Act (RMA). Under the adopted rules, an applicant for a
Colorado Enacts Release of Lien Requirements with respect to Lines of Credit
June 30, 2016
Colorado passed a bill enacting release of lien requirements with respect to lines of credit. Under the bill, if a line of credit is secured
South Carolina Enacts Uniform Power of Attorney Act
June 16, 2016
South Carolina passed a bill enacting the Uniform Power of Attorney Act. The Uniform Power of Attorney Act is modeled upon the Uniform Power of
Maryland Reduces License Investigation Fees and Foreclosure Mediation Fees
June 2, 2016
Maryland adopted rules reducing the investigation fee required for licensing and the fee for participating in pre-file foreclosure mediation. Under the adopted rules, a mortgage
