Idaho adopted rules amending disclosure requirements under the Residential Mortgage Practices Act (RMPA). The adopted rules eliminate disclosure requirements duplicative to federal law. The following
Wisconsin passed a bill amending the foreclosure redemption period with respect to 1- to 4- family owner occupied residences. Under the bill, the foreclosure redemption
Washington adopted rules amending the Mortgage Broker Practices Act. Under the adopted rules: licensing requirements for companies providing loan processing or underwriting services are clarified;
Washington adopted rules amending the Consumer Lending Act. Under the adopted rules: licensing requirements for branch managers and companies providing loan processing or underwriting services
Kentucky passed a bill repealing the registration requirement for mortgage loan processors under the Mortgage Licensing and Regulation Act (MLRA). Under the bill, a mortgage
Mississippi passed a bill amending the S.A.F.E. Mortgage Act (SMA). Under the bill: annual continuing education requirements for mortgage loan originators and qualifying individuals are
Washington passed a bill requiring lenders and servicers to quarterly report to the Department of Commerce (Department) the number of Notices of Sale that have
Utah passed a bill enacting protections for tenants of rental property in foreclosure. Under the bill, a purchaser of residential rental property at a foreclosure
Nebraska passed a bill amending the Financial Data Protection and Consumer Notification of Data Security Breach Act (Act). Under the bill, a person that is
Utah passed a bill requiring mortgage lenders licensed under the Utah Residential Mortgage Practices and Licensing Act (URMPLA) to file a Residential First Mortgage Notification
Tennessee passed a bill increasing the permissible interest rate for closed-end loans under the Industrial Loan and Thrift Companies Act (ILTCA). Under the bill, the
Utah passed a bill amending the Residential Mortgage Practices and Licensing Act (RMPLA) with respect to the use of prescreened trigger lead information. Under the
FHA issued Mortgagee Letter (ML) 2025-09 and Title I Letter (TIL) TIL-490 removing loan eligibility for non-permanent residents. Per the ML and TIL, FHA eliminated
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