South Dakota Increases Permissible NSF Fees
February 7, 2024
South Dakota passed a bill increasing the amount consumers may be charged for dishonored checks. Consumers may now be charged up to $60 for a
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New Jersey Amends Foreclosure Provisions for Residential Properties
January 29, 2024
New Jersey passed a bill amending foreclosure provisions with respect to residential properties (1-to 4-family property used as a primary residence). Under the bill, a
California Authorizes Online Notarizations
October 19, 2023
California passed a bill authorizing online notarizations and establishing requirements for the performance of online notarizations. An online notarization is a notarial act performed by
Illinois Allows Mortgage Loan Originators to Work from a Remote Location
October 18, 2023
Illinois passed a bill allowing mortgage loan originators to work from a remote location. Under the bill, a mortgage lender, broker, servicer, or purchaser licensed
Maryland Amends Statutory Power of Attorney Forms
October 17, 2023
Maryland passed a bill amending the content of the Statutory Form Personal Financial Power of Attorney and the Statutory Form Limited Power of Attorney under
Connecticut Amends Release of Lien Provisions
September 7, 2023
Connecticut passed a bill amending release of lien provisions. Under the bill, a lender or servicer must execute and deliver a release of lien to
Florida Amends Estoppel Letter (Payoff Statement) Requirements
September 7, 2023
Florida passed a bill amending estoppel letter (payoff statement) requirements when a borrower requests an estoppel letter. The bill amends estoppel letter requirements with respect
Texas Enacts Release of Lien Requirements With Respect to Home Loans
September 5, 2023
Texas passed a bill enacting release of lien requirements with respect to home loans (loans secured by a 1-to 4- family dwelling occupied as the
Connecticut Authorizes Remote Notarizations
September 5, 2023
Connecticut passed a bill authorizing remote notarizations and establishing requirements for the performance of remote notarizations. A remote notarization is a notarial act performed using
Utah Amends Utah Residential Mortgage Practices and Licensing Act
August 29, 2023
Utah adopted rules amending the Utah Residential Mortgage Practices and Licensing Act (URMPLA). Under the adopted rules, a mortgage entity licensed under the URMPLA must
