Georgia adopted rules amending the Residential Mortgage Act (RMA). The rule adoption amended the RMA with respect to initial and renewal fee requirements, recordkeeping requirements,
Rhode Island passed a bill amending the General Laws Licensed Activities Act (GLLAA) and the Secure and Fair Enforcement Mortgage Licensing Act (SFEMLA). The bill
Rhode Island passed a bill authorizing the remote notarization of documents. Under the bill, a remote notarization is defined as a notarial act performed by
North Carolina passed a bill amending requirements with respect to the postponement of a foreclosure sale. Under the bill, a judicial foreclosure sale may now
Rhode Island passed a bill enacting lender-placed insurance provisions. The bill enacts lender-placed insurance provisions with respect to the term of the insurance policy, the
North Carolina passed a bill authorizing remote electronic notarizations and establishing requirements for the performance of remote electronic notarizations. A remote electronic notarization is defined
Minnesota issued a notice (Notice) increasing the amount of the state’s homestead exemption. Per the Notice, the homestead exemption is increased to $480,000 (rather than
Rhode Island adopted a rule allowing employees to work at remote locations. Under the rule, lenders, brokers, and servicers licensed under the Rhode Island General
Ohio passed a bill allowing mortgage business at remote locations. Under the bill, lender, brokers, and servicers licensed under the Residential Mortgage Lending Act (RMLA),
Hawaii passed a bill repealing mortgage loan recovery fund fees paid by mortgage loan originator companies under the Secure and Fair Enforcement for Mortgage Licensing
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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