Ohio Requires Registration of Mortgage Servicers
March 21, 2019
Ohio passed a bill requiring the registration of mortgage servicers. Under the bill, a person may not act as a mortgage servicer in Ohio without
Pennsylvania Increases Principal Amount Threshold under Loan Interest and Protection Law
January 10, 2019
The Pennsylvania Department of Banking and Securities issued a bulletin increasing the residential mortgage threshold under the Loan Interest and Protection Law (LIPL). Under the
California Amends Consumer Protections for Servicemembers
December 26, 2018
California passed a bill amending consumer protections for servicemembers. Current law prohibits a lender from initiating a foreclosure against a servicemember within the 9 month
California Reenacts Homeowner Bill of Rights Foreclosure Prevention Provisions
December 26, 2018
California passed a bill reenacting foreclosure prevention provisions under the Homeowner Bill of Rights. The Homeowner Bill of Rights was enacted in 2012 and established
District of Columbia Enacts Uniform Law on Notarial Acts
December 26, 2018
District of Columbia passed a bill enacting the Uniform Law on Notarial Acts. The Uniform Law on Notarial Acts is modeled upon the Revised Uniform
New Jersey Amends Residential Mortgage Lending Act
December 18, 2018
New Jersey passed a bill amending the Residential Mortgage Lending Act (RMLA). The bill: adds several definitions to the RMLA; permits depository institutions to register
Pennsylvania Enacts Vacant and Abandoned Real Estate Foreclosure Act
December 18, 2018
Pennsylvania passed a bill enacting the Vacant and Abandoned Real Estate Foreclosure Act (Act). The Act permits lenders and servicers to utilize an expedited foreclosure
Connecticut Amends Mortgage Servicers Act
October 9, 2018
Connecticut passed a bill amending the Mortgage Servicers Act. Under the bill, licensed activity may only be conducted from an office located in a state
Connecticut Amends Nondepository Mortgage Lenders and Brokers Act
October 9, 2018
Connecticut passed a bill amending the Nondepository Mortgage Lenders and Brokers Act. Under the bill, licensed activity may only be conducted from an office located
Connecticut Requires Counseling in Connection with Reverse Annuity Mortgage Loans
October 2, 2018
Connecticut passed a bill requiring counseling in connection with reverse annuity mortgage loans. Under the bill, mortgage lenders and brokers (including state or federally chartered
