Freddie Mac issued Bulletin 2017-14 (Bulletin), requiring lenders and servicers to temporarily suspend foreclosure activities with respect to borrowers affected by Hurricane Harvey. The temporary requirements announced in the Bulletin apply to Borrowers with mortgaged premises or places of employment impacted by Hurricane Harvey in an eligible disaster area. Pursuant to the Bulletin, lenders and servicers must suspend all foreclosure sales for 90 days (beginning on the date that FEMA declared the area to be an eligible disaster area).
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
