North Dakota passed a bill authorizing the online notarization of documents and establishing procedures for the performance of online notarizations. An online notarization is defined
North Dakota passed a bill amending “notice of default” requirements under the judicial foreclosure process. Under the bill, a lender or servicer is not required
Indiana passed a bill repealing and reenacting the Loan Brokers Act (LBA). Under the bill, loan processor companies must submit a “notice filing” to the
Indiana passed a bill increasing the permissible late fee that may be assessed under the Uniform Consumer Credit Code. Under the bill, a late fee
Delaware passed a bill extending the sunset date of the Automatic Residential Mortgage Foreclosure Mediation Program (Program) for an additional 5 years. Under the bill,
South Dakota passed a bill authorizing the online notarization of documents and establishing procedures for the performance of online notarizations. An online notarization is defined
Arkansas passed a bill amending security breach disclosure requirements. Under the bill, a person or business that owns or licenses (“owner or licensee”) personal information
New Jersey passed a bill requiring additional information to be provided with the foreclosure summons and complaint, and the “notice of the pendency of the
New Jersey passed a bill amending timing and content requirements with respect to the “notice of intention to foreclose” (Notice). Under the bill, a foreclosing
New Jersey passed a bill extending the timing requirement for a foreclosure sale involving vacant and abandoned property. Under the bill, a sheriff must now
Fannie Mae issued Servicing Guide Announcement SVC-2025-01 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae introduced new cybersecurity requirements for
Freddie Mac issued Bulletin 2025-2 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to the portfolio reconciliation requirement
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
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