Indiana passed a bill modifying timing requirements with respect to the notification of a data breach. Under the bill, persons that own or license computerized
Indiana passed a bill permitting electronic foreclosure sales. Under the bill, a sheriff may now conduct a foreclosure sale electronically (in addition to conducting a
Indiana adopted a rule increasing the amount of the state’s homestead exemption. Per the rule adoption, the homestead exemption was increased to $22,750 (rather than
Indiana passed a bill repealing and reenacting the Loan Brokers Act (LBA). Under the bill, loan processor companies must submit a “notice filing” to the
Indiana passed a bill increasing the permissible late fee that may be assessed under the Uniform Consumer Credit Code. Under the bill, a late fee
Indiana passed a bill permitting electronic powers of attorney. Under the bill, a principal, or person acting at the principal’s direction, may create a valid
Indiana passed a bill allowing expedited payment service fees under the Uniform Consumer Credit Code. Under the bill, lenders and servicers may charge borrowers a
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;
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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