Virginia Allows Employees to Work at Remote Locations
April 25, 2023
Virginia passed a bill allowing employees to work at remote locations. Under the bill, a mortgage lender or broker licensed under the Mortgage Lender and
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Oklahoma Amends Permissible Finance Charge under Uniform Consumer Credit Code
April 25, 2023
Oklahoma passed a bill amending the permissible finance charge under the Uniform Consumer Credit Code. Under the bill, the permissible finance charge a lender may
New Mexico Amends Revised Uniform Law on Notarial Acts
April 24, 2023
New Mexico passed a bill amending the Revised Uniform Law on Notarial Acts. Under the bill, a notarial act performed under the authority of a
Utah Revises Reverse Mortgage Act
April 20, 2023
Utah passed a bill revising the Reverse Mortgage Act. Under the bill, the minimum borrower age requirement and the timing requirement with respect to borrower
Massachusetts Authorizes Remote Online Notarizations
April 20, 2023
Massachusetts passed a bill authorizing remote online notarizations and establishing requirements for the performance of remote online notarizations. A remote online notarization is a notarial
District of Columbia Enacts Uniform Power of Attorney Act
April 18, 2023
District of Columbia passed a bill enacting the Uniform Power of Attorney Act. The Uniform Power of Attorney Act is modeled upon the Uniform Power
Maryland Amends Foreclosure Procedures for Residential Property
February 27, 2023
Maryland adopted rules amending foreclosure procedures for residential property. Under the adopted rules, a Notice of Intent to Foreclose expires and must be reissued in
New York Requires “Availability of Loan Counseling Disclosure” for Loans Guaranteed under the Servicemen’s Readjustment Act of 1944
February 13, 2023
New York passed a bill requiring an “availability of loan counseling disclosure” (Disclosure) be provided for loans guaranteed under the Servicemen’s Readjustment Act of 1944.
New York Prohibits Discrimination Based on Citizenship or Immigration Status
December 28, 2022
New York passed a bill prohibiting discrimination based on citizenship or immigration status. Under the bill, a lender may not discriminate against an applicant or
New York Issues Guidance Regarding Discontinued Publication of Primary Mortgage Market Survey Rate for 5/1 Adjustable Rate Mortgage Loans
December 28, 2022
New York issued guidance regarding discontinued publication of Primary Mortgage Market Survey (PMMS) rate for 5/1 adjustable rate mortgage loans (ARMS). Under New York Banking
