West Virginia Amends SAFE Mortgage Licensing Act
April 2, 2018
West Virginia passed a bill amending the SAFE Mortgage Licensing Act. Under the bill, the license application fee increased from $50 to $200. The bill
Menu
South Dakota Establishes Security Breach Disclosure Requirements
March 28, 2018
South Dakota passed a bill establishing disclosure requirements in the event of a security breach. Under the bill, an “information holder” must disclose a security
Texas Amends Home Equity Lending Rules in Light of Recent Amendments to the Texas Constitution
March 28, 2018
Texas adopted rules relating to home equity lending in light of recent amendments to the Texas Constitution. The adopted rules: update references to the fees
Ohio Consolidates Residential Mortgage Loan Licensing under the Residential Mortgage Lending Act
March 28, 2018
Ohio passed a bill consolidating all residential mortgage loan licensing under the Residential Mortgage Lending Act. Ohio previously regulated the residential mortgage industry under Chapter
Texas Amends Constitutional Provisions with respect to Home Equity Loans
January 8, 2018
Texas amended the state constitution with respect to “home equity loans.” The constitutional amendment: lowers the 3% home equity loan fee cap to 2% (of
Oregon Enacts Mortgage Loan Servicer Practices Act
January 8, 2018
Oregon passed a bill enacting the Mortgage Loan Servicer Practices Act (MLSPA). Under the bill, a person may not service a residential mortgage loan in
Pennsylvania Increases Principal Amount Threshold under Loan Interest and Protection Law
December 28, 2017
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
New Jersey Amends High-Cost Home Loan Limit
December 28, 2017
The New Jersey Department of Banking and Insurance issued a bulletin amending the high-cost home loan limit under the Home Ownership Security Act of 2002
Maryland Amends Personal Information Protection Act
December 8, 2017
Maryland passed a bill amending the Personal Information Protection Act (PIPA). Under the bill, the definition of personal information is expanded to include passport numbers
Maryland Requires Lenders and Servicers to Provide Notice of Foreclosure to Department of Labor, Licensing, and Regulation
December 8, 2017
Maryland passed a bill requiring lenders and servicers to provide a “notice of foreclosure” (Notice) to the Department of Labor, Licensing, and Regulation (Department). Under
