Maine Amends Notice of Right to Cure Delivery Requirements
September 12, 2019
Maine passed a bill amending “notice of right to cure” (Notice) delivery requirements. Under the bill, a Notice must now be sent to the borrower
Ohio Authorizes Online Notarizations
September 12, 2019
Ohio passed a bill authorizing the online notarization of documents. Under the bill, an online notarization is defined as a notarial act performed by means
RHS Permanently Adopts Single-Close Construction Pilot Program on Nationwide Basis
September 6, 2019
RHS permanently adopted the Single-Close Construction Pilot Program (previously in effect in 27 states) on a nationwide basis, with modifications. The Single-Close Construction Program (Program)
VA Updated Requirements with respect to Loss Mitigation Letters
September 6, 2019
VA issued Circular 26-19-24, updating requirements with respect to loss mitigation letters sent to borrowers. Per the Circular, VA updated language that must be included
Montana Enacts Mortgage Lender and Servicer Net Worth Requirements
September 6, 2019
Montana passed a bill enacting net worth requirements for mortgage lenders and servicers licensed under the Mortgage Act (Act). Under the bill, mortgage lenders must
Maryland Amends Net Worth Requirements under Mortgage Lender Law
September 6, 2019
Maryland passed a bill amending net worth requirements for mortgage lenders, brokers and servicers licensed under the Mortgage Lender Law (MLL). Under the bill, mortgage
VA Establishes New Mandatory Stacking Order for Files Selected for VA Full File Loan Review
August 2, 2019
VA issued Circular 26-19-19, establishing a new mandatory stacking order for files selected for a VA full file loan review. Per the Circular, VA established
VA Issues Circular 26-19-21: Special Relief Following Hurricane Barry
August 2, 2019
VA issued Circular 26-19-21, describing measures mortgagees may employ to provide relief to home loan borrowers affected by Hurricane Barry. The measures include: the forbearance
RHS Amends Income Limits under Single Family Housing Guaranteed Loan Program
July 30, 2019
RHS amended the income limits under the Single Family Housing Guaranteed Loan Program. Appendix 5 of the Single Family Housing Guaranteed Loan Program Technical Handbook
New Jersey Requires Licensing of Mortgage Servicers
July 30, 2019
New Jersey passed a bill requiring the licensing of mortgage servicers. Under the bill, a person may not act as a mortgage servicer in New
