Yearly Archives: 2018

Spring-Summer 2018 Announcements

Please welcome Alicia McCraw to the firm! Alicia McCraw is an attorney with Franzén & Salzano, P.C., and practices in the firm’s consumer lending regulatory compliance area. She received her B.A. in Biological Science from Virginia Tech in 2012 and

Posted in Announcements, Newsletters

Spring-Summer 2018 Hot Topics – Georgia Minimum Wage Law

Are you complying with Georgia’s minimum wage law? Georgia’s minimum wage law requires employers to pay covered employees a minimum wage of not less than $5.15 for each hour worked. There is an exception for employers and employees subject to

Posted in Hot Topics, Newsletters

Spring-Summer 2018 Hot Topics – South Carolina Is “On The Prowl” Regarding Adherence To The Attorney-Insurance Preference Requirement!

Last year, the South Carolina Board of Financial Institutions, Consumer Finance Division issued guidance on the attorney-insurance preference disclosure. Creditors need to beware that the Department is “on the prowl” looking to enforce the requirement! For consumer purpose mortgage loans,

Posted in Hot Topics, Newsletters

Spring-Summer 2018 Hot Topics – Georgia’s Foreclosure Disclosure

Georgia licensees and registrants are required to provide to each applicant a foreclosure disclosure which explains that failure to meet conditions and terms of the loan may result in foreclosure. Georgia regulations provide that this disclosure requirement may be satisfied

Posted in Hot Topics, Newsletters

Spring-Summer 2018 Federal Highlights

CFPB Issues Final Rule to Address the “Black Hole” and Resetting Fee Tolerances Using Closing Disclosures The CFPB issued its long-anticipated final rule to address the “black hole” under TRID and when fee tolerances may be reset using a Closing

Posted in Federal Highlights, Newsletters

Spring-Summer 2018 States In Brief

Alabama The Governor of Alabama signed into law House Bill 90, which amends the Alabama Code relating to the right of redemption on residential property and notice requirements regarding foreclosure. The Bill was effective February 22, 2018. Colorado The Governor

Posted in Newsletters, States In Brief

Spring-Summer 2018 “Talking The Talk”

Loretta Salzano will be speaking on a variety of hot topics at key conferences throughout the country. Conference attendance is a great way to stay informed on the latest happenings in the industry – and it provides a fabulous opportunity

Posted in "Talking The Talk"/Conferences, Newsletters


• “Reviewing Marketing for Compliance Professionals,” Loretta Salzano and Rob Clark, MBA Certified Mortgage Compliance Professional Curriculum, March 2018. • “Building and Maintaining a Residential Closing Practice in the Wake of PHH and Prospect,” Loretta Salzano, GRECCA Summer 2017 Newsletter,

Posted in Articles & Publications

Winter 2017-2018 Hot Topics

Court Rules in Favor of Mulvaney at CFPB The U.S. District Court for the District of Columbia denied a preliminary injunction for Leandra English in her attempt to unseat President Trump’s OMB Director Mick Mulvaney as CFPB Acting Director. The

Posted in Hot Topics, Newsletters

Winter 2017-2018 Federal Highlights

CFPB Issues Final Rule Amending Regulation B The Consumer Financial Protection Bureau issued a final rule to amend Regulation B (the Equal Credit Opportunity Act) which will provide additional flexibility for mortgage lenders in the collection of consumer ethnicity and

Posted in Federal Highlights, Newsletters


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