Blog Archives

Spring 2020 States In Brief

Colorado Colorado adopted Regulation Text 15632, related to permanent rules on temporary authority. The permanent rules were effective on March 19, 2020, upon the expiration of the emergency rules. Georgia The Supreme Court of Georgia issued an Order regarding the

Posted in Newsletters, States In Brief

Winter 2019-2020 States In Brief

Alaska Alaska adopted amendments to its mortgage loan originator regulations, which, among other things, clarify that prelicensing education courses expire. The regulation was adopted on January 7, 2020 and was effective February 6, 2020. Colorado Colorado adopted Regulation Text 15592,

Posted in Newsletters, States In Brief

Fall 2019 States In Brief

California The Governor of California signed into law Assembly Bill 539, the Fair Access to Credit Act, concerning California’s Financing Law. The Bill authorizes a finance lender with respect to a loan of a bona fide principal amount of $2,500

Posted in Newsletters, States In Brief

Summer 2019 States In Brief

Arkansas The Governor of Arkansas signed into law Senate Bill 188 which revises Arkansas’ Fair Mortgage Lending Act. The revisions amend certain provisions of the FMLA to comply with recent developments in federal law; revises the definition of exempt person;

Posted in Newsletters, States In Brief

Spring 2019 States In Brief

District of Columbia The mayor of the District of Columbia signed into law The District of Columbia Federal Worker Housing Relief Emergency Act. It was effective February 6, 2019. As an emergency act, these provisions will expire on May 7,

Posted in Newsletters, States In Brief

Fall 2018-Winter 2019 States In Brief

California The Governor of California signed into law Senate Bill 818 and Senate Bill 1201, which reinstates the Homeowner Bill of Rights. The legislation was effective January 1, 2019. Colorado The Colorado Division of Real Estate revised and amended several

Posted in Newsletters, States In Brief

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

Winter 2017-2018 States In Brief

California The Governor of California signed into law Senate Bill 2, which enacts the Building Homes and Jobs Act. The Act imposes an additional recording fee that will be made available to local governments and the Department of Housing and

Posted in Newsletters, States In Brief

Fall 2017 States In Brief

Hawaii The Hawaii State Legislature passed Senate Bill 950. The amendments define the term executive officer, add new sections regarding a change in control, and clarify and update licensing requirements of mortgage servicers. The Bill was effective September 1, 2017.

Posted in Newsletters, States In Brief

Spring/Summer 2017 States In Brief

Arkansas The Governor of Arkansas signed into law HB 1801, which revises Arkansas’ Fair Mortgage Lending Act (FMLA). The revisions relate to the FMLA’s rules concerning licensing requirements for loan officers and mortgage brokers, surety bond requirements, and the duties

Posted in Newsletters, States In Brief

Archives