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Connecticut Amends Release of Lien Provisions
Connecticut passed a bill amending release of lien provisions. Under the bill, a lender or servicer must execute and deliver a release of lien to
Connecticut passed a bill amending release of lien provisions. Under the bill, a lender or servicer must execute and deliver a release of lien to
Connecticut passed a bill authorizing remote notarizations and establishing requirements for the performance of remote notarizations. A remote notarization is a notarial act performed using
Connecticut passed a bill imposing net worth requirements for large mortgage servicers. Under the bill, mortgage servicers that service (or subservice) at least 2,000 mortgage
Connecticut passed a bill extending the sunset date of the Foreclosure Mediation Program (Program) for an additional 4 years. Under the bill, the Program end
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
Connecticut passed a bill amending the Nondepository Mortgage Lenders and Brokers Act. Under the bill, licensed activity may only be conducted from an office located
Connecticut passed a bill requiring counseling in connection with reverse annuity mortgage loans. Under the bill, mortgage lenders and brokers (including state or federally chartered
Connecticut passed a bill amending the content of the statutory power of attorney forms under the Uniform power of Attorney Act. The bill becomes effective
VA increased the maximum allowable liquidation appraisal fee in 17 states. The appraisal fees increased for the following states: Arizona; California; Connecticut; Delaware; Indiana; Maine;
Connecticut passed a bill delaying the effective date of the Uniform Power of Attorney Act (UPAA). Under the bill, the effective date of the UPAA
Fannie Mae issued Servicing Guide Announcement SVC-2025-01 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae introduced new cybersecurity requirements for
Freddie Mac issued Bulletin 2025-2 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to the portfolio reconciliation requirement
New York passed a bill amending recently enacted flood insurance requirements and restrictions for mortgage lenders and servicers. In December, 2024, New York passed a
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