Idaho Amends Residential Mortgage Practices Act
March 18, 2025
Idaho passed a bill amending the Residential Mortgage Practices Act (RMPA). Under the bill, a mortgage lender, broker, loan officer, or servicer licensed under the
Arkansas Amends Fair Mortgage Lending Act
March 17, 2025
Arkansas passed 2 bills (HB 1184 and HB 1466) amending the Fair Mortgage Lending Act (FMLA). Under HB 1184, a mortgage lender, broker or loan
Arizona Permits Employees to Work at Remote Locations
February 24, 2025
Arizona adopted a rule permitting employees (including loan originators) to work at remote locations. Under the adopted rule, a mortgage banker licensed under the Mortgage
New York Amends Recently Enacted Flood Insurance Requirements and Restrictions for Mortgage Lenders and Servicers
February 17, 2025
New York passed a bill amending recently enacted flood insurance requirements and restrictions for mortgage lenders and servicers. In December, 2024, New York passed a
New York Amends Breach of Security Notification Timing Requirements
January 2, 2025
New York passed a bill amending breach of security notification timing requirements. Under the bill, notice of a breach of security must be provided to
New York Amends Debt Collection Provisions
January 2, 2025
New York passed a bill amending the state’s debt collection provisions. Under the bill, a debt collector may not use a social media platform for
New York Requires Mortgage Lenders to Provide “What Mortgage Applicants Need to Know” Pamphlet to Applicants
December 19, 2024
New York passed a bill requiring mortgage lenders and other banking organizations offering residential mortgage services to provide a “What Mortgage Applicants Need to Know”
New York Enacts Flood Insurance Requirements and Restrictions on Mortgage Lenders and Servicers
December 19, 2024
New York passed a bill enacting flood insurance requirements and restrictions on mortgage lenders and servicers. Under the bill, a mortgage lender or servicer may
Illinois Modifies Examination Fees under Community Reinvestment Act
December 11, 2024
Illinois adopted rules modifying examination fees under the Community Reinvestment Act (CRA). Per the rule adoption, entities licensed under the Residential Mortgage License Act that
California Amends Foreclosure Laws Under Nonjudical Foreclosure Process
December 9, 2024
California passed a bill amending state foreclosure laws under the nonjudicial foreclosure process. Under the bill, a foreclosure sale may now be postponed if an
