The Washington Department of Financial Institutions (Department) issued a Department Letter temporarily waiving certain fees under the Consumer Loan Act. Per the Department Letter, the
The Washington Department of Financial Institutions issued a Department Letter temporarily reducing the mortgage loan originator license renewal fee under the Mortgage Broker Practices Act.
Colorado passed a bill amending certain foreclosure provisions with respect to deeds of trust. The bill: modified the procedure for restarting a foreclosure when the
North Carolina passed a bill amending requirements regarding postponement of nonjudicial foreclosure sale. Under the bill, if a nonjudicial foreclosure sale is postponed, the foreclosing
Georgia adopted rules amending certain mortgage servicer standards for mortgage servicers licensed under the Residential Mortgage Act. Under the adopted rules, the mortgage servicer standards
Rhode Island passed a bill enacting the Uniform Law on Notarial Acts. The Uniform Law on Notarial Acts is modeled upon the Revised Uniform Law
Washington passed a bill amending the state’s foreclosure laws. Under the bill, a process is established that lenders and servicers may use to enter and
Arizona passed a bill amending security breach disclosure requirements. Under the bill, persons that own, maintain or license personal information must provide a security breach
Rhode Island passed a bill allowing documents to be electronically recorded pursuant to the Uniform Real Property Electronic Recording Act. The bill becomes effective July
Minnesota passed a bill enacting the Revised Uniform Law on Notarial Acts. The Revised Uniform Law on Notarial Acts is modeled upon the Revised Uniform
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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