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
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
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