California Enacts Mortgage Forbearance Act
October 2, 2025
California passed a bill enacting the Mortgage Forbearance Act (MFA). The MFA was enacted to allow a borrower to request forbearance on the borrower’s residential
California passed a bill enacting the Mortgage Forbearance Act (MFA). The MFA was enacted to allow a borrower to request forbearance on the borrower’s residential
California passed a bill requiring payment of interest on funds in a loss draft account. Under the bill, a servicer must pay at least 2%
Ohio adopted rules enacting and amending provisions under the Residential Mortgage Lending Act. The adopted rule adds mortgage servicer requirements related to registration, letters of
Minnesota passed a bill amending loss mitigation requirements for servicers of first lien mortgage loans and the state’s foreclosure laws. Under the bill, the mandatory
Colorado adopted rules amending requirements under the Mortgage Loan Originator Licensing and Mortgage Company Registration Act (MLOLMCRA). Under the adopted rules, a mortgage loan originator
Nevada passed a bill imposing net worth requirements for covered institutions licensed under the Mortgage Servicers Act. Under the bill, covered institutions that service (or
Rhode Island passed a bill requiring mortgage lenders, brokers, originators, processors and underwriters who are independent contractors, and 3rd-Party servicers licensed under the Rhode Island
California passed a bill amending state foreclosure laws under the nonjudicial foreclosure process involving a subordinate mortgage. Under the bill, a mortgage servicer, mortgagee, trustee,
California passed a bill increasing an assessment under the Residential Mortgage Lending Act (RMLA). Under the bill, the assessment mortgage lenders and servicers bankers must
Minnesota passed a bill amending the maximum interest rate for conventional junior lien loans and amending the delivery for the Notice of Default. Under the
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