Blog Archives

Summer 2022 States In Brief

Arizona Arizona passed House Bill 2612, which updates verbiage in the Arizona Mortgage Brokers, Mortgage Bankers, and Loan Originators Act. House Bill 2612 is effective September 23, 2022. Florida Florida amended its regulation implementing Florida’s statute on excise tax. The

Posted in Newsletters, States In Brief

Spring 2022 States In Brief

California The Governor of California signed into law Assembly Bill 948, the Fair Appraisal Act (“Act”). While most provisions apply to appraisers licensed under the Real Estate Appraisers’ Licensing and Certification Law, the Act also amends the Civil Code to

Posted in Newsletters, States In Brief

Winter 2021-2022 States In Brief

Colorado The Governor of Colorado signed House Bill 1282, which enacts the Nonbank Mortgage Servicer Act. The Act took effect January 1, 2022. Illinois The Governor of Illinois signed into law Senate Bill 595, which amends the legal procedures for

Posted in Newsletters, States In Brief

Fall 2021 States In Brief

Connecticut Connecticut passed Senate Bill 848 (Public Act 21-138), which updates certain provisions affecting mortgage lenders. The bill was effective October 1, 2021. Illinois Illinois adopted new rules for hearings before the Division of Banking and Division of Financial Intuition.

Posted in Newsletters, States In Brief

Summer 2021 States In Brief

Connecticut Pursuant to the authority found in Section 205 of Senate Bill 1202, the Commissioner of Connecticut Department of Banking signed an Order that allows individuals engaged in licensable activity to conduct the activity from a remote office location. The

Posted in Newsletters, States In Brief

Spring 2021 States In Brief

Arkansas The governor of Arkansas signed into law Senate Bill 149, amending the Arkansas’s Fair Mortgage Lending Act, which governs the licensing of mortgage bankers, brokers, servicers, and loan officers in Arkansas. The bill is effective on July 30, 2021.

Posted in Newsletters, States In Brief, Uncategorized

Winter 2020-2021 States In Brief

Colorado Colorado revised regulations governing mortgage loan originators and mortgage companies. The amendments to the regulations were effective January 1, 2021. Florida Florida recently adopted a regulation related to loan originator, mortgage broker, and mortgage lender licenses. The regulation was

Posted in Newsletters, States In Brief

Summer-Fall 2020 States In Brief

California California’s Governor signed Assembly Bill 1864, which, among other things, amends the name of the Department of Business Oversight. Effective immediately, the Department of Business Oversight is the “Department of Financial Protection and Innovation.” California passed Senate Bill 1148,

Posted in Newsletters, States In Brief

Summer-Fall 2020 Multi-State Legislation

Additional states are taking action to address Remote Online Notarization (RON) in response to COVID-19. RON is the use of audio and visual technology to complete notarization when the notary is not physically located in the same place as the

Posted in Multi-State Legislation, Newsletters, States In Brief

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

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