Connecticut Amends Mortgage Servicers Act

Connecticut passed a bill amending the Mortgage Servicers Act. Under the bill, licensed activity may only be conducted from an office located in a state or territory of the U.S. The bill also mandates that servicers file a quarterly mortgage call report with the NMLS. In addition, the bill amended requirements with respect to notifications, advertisements, recordkeeping, qualified individuals and branch managers. The bill went into effect October 1, 2018.

See Connecticut General Assembly website for the full text of the Statutes:
https://www.cga.ct.gov/2018/ACT/pa/pdf/2018PA-00173-R00HB-05490-PA.pdf

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