Utah Enacts Uniform Mortgage Modification Act
April 3, 2025
Utah passed a bill enacting the Uniform Mortgage Modification Act (UMMA). Per the bill, the UMMA was enacted to set forth the effect of a
Tennessee Increases Permissible Interest Rate for Closed-end Loans under Industrial Loan and Thrift Companies Act
April 1, 2025
Tennessee passed a bill increasing the permissible interest rate for closed-end loans under the Industrial Loan and Thrift Companies Act (ILTCA). Under the bill, the
Utah Amends Utah Residential Mortgage Practices and Licensing Act with Respect to Prescreened Trigger Lead Information
April 1, 2025
Utah passed a bill amending the Residential Mortgage Practices and Licensing Act (RMPLA) with respect to the use of prescreened trigger lead information. Under the
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”
