South Dakota passed a bill increasing the amount consumers may be charged for dishonored checks. Consumers may now be charged up to $60 for a dishonored check. The bill becomes effective July 1, 2024.
Click to view the South Dakota Senate Bill 38: https://www.tenaco.com/wp-content/uploads/2024/02/SD-SB-38-02-07-24.pdf
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Fannie Mae issued Servicing Guide Announcement SVC-2024-06 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified requirements related to eMortgages.
FHA issued Mortgagee Letter 2024-20 implementing Federal Flood Risk Management Standards for new construction properties located in Special Flood Hazard Areas. On April 23, 2024,
Fannie Mae issued Selling Guide Announcement SEL-2024-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to leasehold estates
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