Tennessee passed a bill amending the annual expiration date for registrations issued under the Industrial Loan and Thrift Companies Act (ILTCA). Under the bill, a
Utah passed a bill clarifying the timing requirement under the Utah Residential Mortgage Practices and Licensing Act for submitting a quarterly report of condition. Under
Arkansas passed a bill requiring mortgage servicers licensed under the Fair Mortgage Lending Act (FMLA) to provide notice to a borrower upon accepting assignment of
Idaho passed a bill enacting the Revised Uniform Law on Notarial Acts. The Revised Uniform Law on Notarial Acts is modeled upon the Revised Uniform
Wyoming passed a bill enacting the Uniform Power of Attorney Act. The Uniform Power of Attorney Act is modeled upon the Uniform Power of Attorney
The Wyoming Division of Banking adopted rules amending license fees under the Uniform Consumer Credit Code. Under the adopted rules, the initial processing fee for
Virginia passed a bill amending provisions regarding foreclosed residential rental property. Under the bill, the foreclosure of residential rental property terminates the tenant’s rental agreement.
The New York Department of Financial Services (DFS) adopted rules requiring financial services institutions regulated by the DFS to maintain a cybersecurity program. Under the
Nevada adopted rules amending requirements under the Mortgage Broker Act. Under the adopted rules, mortgage brokers that service Nevada mortgage loans made or arranged by
Nevada adopted rules amending requirements under the Mortgage Banker Act. Under the adopted rules, mortgage bankers that service Nevada mortgage loans made or arranged by
Fannie Mae issued Servicing Guide Announcement SVC-2024-06 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified requirements related to eMortgages.
FHA issued Mortgagee Letter 2024-20 implementing Federal Flood Risk Management Standards for new construction properties located in Special Flood Hazard Areas. On April 23, 2024,
Fannie Mae issued Selling Guide Announcement SEL-2024-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to leasehold estates
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