Fannie Mae issued Lender Letter LL-2019-1 (Lender Letter), providing guidance related to the federal government shutdown. The Lender Letter clarifies Fannie Mae’s expectations and requirements with respect to credit reporting in connection with mortgages made to government employees and other workers impacted by the federal government shutdown. The guidance is effective immediately and automatically expires when the government resumes full operations.
State Compliance Summary
Tennessee Increases Permissible Interest Rate for Closed-end Loans under Industrial Loan and Thrift Companies Act
Tennessee passed a bill increasing the permissible interest rate for closed-end loans under the Industrial Loan and Thrift Companies Act (ILTCA). Under the bill, the
April 1, 2025
