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 passed a bill enacting the Uniform Power of Attorney Act. The Uniform Power of Attorney Act is modeled upon the Uniform Power
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 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 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 issued guidance regarding discontinued publication of Primary Mortgage Market Survey (PMMS) rate for 5/1 adjustable rate mortgage loans (ARMS). Under New York Banking
Washington adopted rules allowing loan originators to work at remote locations. Under the rule, a mortgage lender or broker licensed under the Consumer Loan Act
Pennsylvania passed a bill amending breach of security requirements. The bill provides an alternate method of providing notice of a breach of security in the
California passed a bill amending the state’s foreclosure laws. Under the bill, if 1-to 4- family residential property is purchased at a foreclosure sale by
Delaware passed a bill enacting the Revised Uniform Law on Notarial Acts. The Revised Uniform Law on Notarial Acts is modeled upon the Revised Uniform
Fannie Mae issued Selling Guide Announcement SEL-2025-02 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae is integrating Condo Project Manager
Fannie Mae revised the West Virginia Security Instrument Form (Form 3049). The revision updates paragraph 1 (pertaining to payment of principal, interest, escrow items, prepayment
Freddie Mac issued Bulletin 2025-4 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac introduced the Freddie Mac Income Calculator, designed
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