Vermont Enacts Uniform Power of Attorney Act
July 20, 2023
Vermont passed a bill enacting the Uniform Power of Attorney Act. The Uniform Power of Attorney Act is modeled upon the Uniform Power of Attorney
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Maine Increases Mortgage Loan Originator Initial Licensing and Renewal Fees under Secure and Fair Enforcement for Mortgage Licensing Act
July 20, 2023
Maine adopted rules increasing the initial licensing and renewal fees for mortgage loan originators licensed under the Secure and Fair Enforcement for Mortgage Licensing Act.
Nevada Authorizes Mortgage Employees to Work at Remote Locations
July 20, 2023
Nevada passed a bill authorizing mortgage employees to work at remote locations. Under the bill, a mortgage company licensed under the Mortgage Company and Loan
Rhode Island Repeals Sunset Date of Foreclosure Mediation Program
July 20, 2023
Rhode Island passed a bill repealing the sunset date of the Foreclosure Mediation Program. The sunset date was previously set for July 1, 2023. Click
New Hampshire Revises the Interest Rate Paid on Funds Held in Escrow
July 20, 2023
New Hampshire passed a bill revising the interest rate paid on funds held in escrow. Under the bill, lenders and servicers must pay interest on
Illinois Repeals Requirement that Notice of Foreclosure be Sent to Municipality or County in which the Foreclosed Property is Located
July 20, 2023
Illinois passed a bill repealing the requirement that the Notice of Foreclosure be sent to the municipality in which the foreclosed property is located, or
Maryland Amends Maryland Mortgage Lender Law
July 19, 2023
Maryland passed a bill amending the Maryland Mortgage Lender Law (MMLL). Under the bill, a mortgage lender, broker and servicer licensed under the MMLL must
Florida Permits Loan Originators to Work at Remote Locations
July 19, 2023
Florida passed a bill permitting loan originators to work at remote locations. Under the bill, a mortgage lender, broker, or servicer licensed under the Mortgage
Montana Revises Montana Mortgage Act
July 19, 2023
Montana passed a bill revising the Montana Mortgage Act (MMA). The bill revised the MMA to allow remote work for a mortgage business, clarify reporting
Washington Amends Foreclosure Laws
July 19, 2023
Washington passed a bill amending the state’s foreclosure laws. Under the bill, Washington’s foreclosure mediation program was amended to extend the time an attorney or
