Utah Enacts Uniform Mortgage Modification Act
April 3, 2025
Utah passed a bill enacting the Uniform Mortgage Modification Act (UMMA). Per the bill, the UMMA was enacted to set forth the effect of a
Utah passed a bill enacting the Uniform Mortgage Modification Act (UMMA). Per the bill, the UMMA was enacted to set forth the effect of a
Tennessee passed a bill increasing the permissible interest rate for closed-end loans under the Industrial Loan and Thrift Companies Act (ILTCA). Under the bill, the
Utah passed a bill amending the Residential Mortgage Practices and Licensing Act (RMPLA) with respect to the use of prescreened trigger lead information. Under the
Idaho passed a bill amending the Residential Mortgage Practices Act (RMPA). Under the bill, a mortgage lender, broker, loan officer, or servicer licensed under the
Arkansas passed 2 bills (HB 1184 and HB 1466) amending the Fair Mortgage Lending Act (FMLA). Under HB 1184, a mortgage lender, broker or loan
Arizona adopted a rule permitting employees (including loan originators) to work at remote locations. Under the adopted rule, a mortgage banker licensed under the Mortgage
New York passed a bill amending recently enacted flood insurance requirements and restrictions for mortgage lenders and servicers. In December, 2024, New York passed a
New York passed a bill amending breach of security notification timing requirements. Under the bill, notice of a breach of security must be provided to
New York passed a bill amending the state’s debt collection provisions. Under the bill, a debt collector may not use a social media platform for
New York passed a bill requiring mortgage lenders and other banking organizations offering residential mortgage services to provide a “What Mortgage Applicants Need to Know”
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