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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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Summer 2015 States In Brief

Arizona Department of Financial Institutions Regulation                The Arizona Department of Financial Institutions adopted the Nationwide Mortgage Licensing System & Registry’s Uniform State Test for licensing of mortgage loan originators effective July 15, 2015.  California AB 661     The Governor of California

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Spring 2015 States In Brief

Arizona SB 1218 The Governor of Arizona signed into law SB 1218 relating to recording fees. The bill is effective July 3, 2015. Arizona SB 1448 The Governor of Arizona signed into law SB 1448 relating to the notice of

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Winter 2015 States In Brief

Connecticut Department of Banking Memo  On October 1, 2014, the Commissioner of the Connecticut Department of Banking clarified its mortgage servicer licensing requirements. Both purchasers of mortgage servicing rights and purchasers of mortgage loans who hire licensed mortgage servicers to

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Fall 2014 States In Brief

California AB 1770 The Governor of California signed into law Assembly Bill 1770, which implements new requirements regarding the payoff of home equity lines of credit. This bill is effective    July 1, 2015 and will remain in effect until July

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