Rhode Island passed a bill enacting lender-placed insurance provisions. The bill enacts lender-placed insurance provisions with respect to the term of the insurance policy, the calculation of coverage and payment premiums, prohibited practices, and evidence of coverage. The bill went into effect June 30, 2022.
Click to view the Rhode Island House Bill 7752: https://www.tenaco.com/wp-content/uploads/2022/07/RI-HB-7752-07-13-22.pdf
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RHS issued a SFH Guaranteed Servicing Notice (Notice) announcing updated Electronic Status Reporting codes for mortgage servicers. Per the Notice, Default Status Code 10 was
FHA adopted a rule amending housing counseling agency communication methods. Per the rule adoption, participating agencies may provide housing counseling services at a facility or
VA issued Circular 26-24-19, clarifying documentation requirements related to supporting itemized fees and charges to the borrower (or assumer). Per the Circular, reasonable and customary
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