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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

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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

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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.

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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

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Winter 2016-2017 States In Brief

Florida The Florida Department of Financial Services revised its regulations governing the licensing mortgage loan originators. Specifically, the regulations streamline the process for individuals applying for a loan originator license. Nevada The Nevada Commissioner of Mortgage Lending adopted regulations with

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Fall 2016 States In Brief

Colorado The Governor of Colorado signed into law House Bill 1306, amending, repealing and relocating several provisions in accordance with the Federal Secure and Fair Enforcement For Mortgage Licensing Act of 2008 certain disclosure requirements. The bill was effective August

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Summer 2016 States In Brief

Delaware The Governor of Delaware signed into law House Bill 353, which relates to foreclosure proceedings. The bill was effective June 28, 2016. Georgia The Georgia Department of Banking and Finance adopted final revisions to its rules making various changes

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Spring 2016 States In Brief

Colorado The Governor of Colorado signed into law Senate Bill 14, repealing certain disclosure requirements. The bill is currently effective. The Colorado Division of Real Estate adopted regulations revising the education and licensing requirements for mortgage loan originators. The revised

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Winter 2015-2016 States In Brief

California CFLL Regulations The California Department of Business Oversight adopted regulations clarifying the scope of the exemptions in the California Finance Lenders Law and the Residential Mortgage Lending Act for depository institutions. Connecticut Department of Banking Memorandum The Connecticut Department

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Fall 2015 States In Brief

California DBO Provides Translated Loan Estimates The California Department of Business Oversight prepared translated versions of the Loan Estimate required by the TILA/RESPA Integrated Disclosure Rule (“TRID”). California requires a lender who negotiates in Spanish, Chinese, Tagalog, Vietnamese, or Korean

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