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
North Carolina passed a bill modernizing the Secure and Fair Enforcement Mortgage Licensing Act (NCSFEMLA). Under the bill, the NCSFEMLA: In addition, the bill required
Washington passed Senate Bill 5686 adding a foreclosure prevention fee and notice requirement under the Mortgage Broker Practices Act and Consumer Loan Act which had
Connecticut passed a bill requiring mortgage lenders, correspondent lenders, brokers, loan originators, loan processors or underwriters, and exempt registrants to provide a “notice of shared
Connecticut passed a bill amending the state’s action to foreclose mortgage provisions. Under the bill, an action to foreclose a mortgage on a 1-to-4 family dwelling,
Connecticut passed a bill requiring mortgage lenders, correspondent lenders, and brokers to provide a notice of flood insurance (notice) to borrowers. Under the bill, a
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