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…
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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.…
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…
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