North Dakota Enacts Residential Mortgage Lenders Act
August 25, 2023
North Dakota passed a bill enacting the Residential Mortgage Lenders Act (RMLA). Under the bill, a person may not engage in the business of residential
Fannie Mae Revises District of Columbia Security Instrument
August 25, 2023
Fannie Mae revised the District of Columbia Security Instrument Form (Form 3009). The revision to the District of Columbia Security Instrument provides further clarity and
North Dakota Enacts Residential Mortgage Loan Servicers Act
August 25, 2023
North Dakota passed a bill enacting the Residential Mortgage Loan Servicers Act. Under the bill, a person may not engage in the business of residential
VA Announces Special Relief Following Maui Wildfires
August 21, 2023
VA issued Circular 26-23-16 (Circular), describing measures mortgagees may employ to provide relief to Hawaii home loan borrowers affected by wildfires. The measures include: the
RHS Outlines Relief Measures for Borrowers Affected by Maui Wildfires
August 21, 2023
RHS issued an announcement outlining the relief measures loan holders and loan servicers should employ to assist borrowers affected by the Maui wildfires. The measures
North Dakota Amends Escrow Requirements with respect to Surplus Escrow Funds
August 14, 2023
North Dakota passed a bill amending escrow requirements with respect to surplus escrow funds. Under the bill, a servicer that maintains an escrow account in
Maine Enacts Private Mortgage Insurance Disclosure Requirement under Consumer Credit Code
August 14, 2023
Maine passed a bill enacting a private mortgage insurance disclosure requirement under the Maine Consumer Credit Code. Under the bill, a supervised lender or servicer
Minnesota Imposes Net Worth Requirements for Large Mortgage Servicers
August 14, 2023
Minnesota passed a bill imposing Net Worth requirements for large mortgage servicers licensed under the Minnesota Residential Mortgage Originator and Servicer Licensing Act. Under the
Louisiana Permits Online Foreclosure Auctions
August 14, 2023
Louisiana passed a bill permitting online foreclosure auctions. Under the bill, a sheriff may conduct a foreclosure sale via an online auction. In addition, the
Colorado Amends Renewal Deadline Date for Supervised Lender License under Uniform Consumer Credit Code
August 14, 2023
Colorado passed a bill amending the renewal deadline date for a supervised lender license under the Uniform Consumer Credit Code. Under the bill, the renewal
