Maryland Amends Statutory Power of Attorney Forms
October 17, 2023
Maryland passed a bill amending the content of the Statutory Form Personal Financial Power of Attorney and the Statutory Form Limited Power of Attorney under
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VA Amends COVID-19 Home Retention Waterfall and COVID-19 Refund Modification Requirements
October 16, 2023
VA issued Circular 26-23-12, Change 1, amending COVID-19 Home Retention Waterfall and COVID-19 Refund Modification requirements. Per the Circular, VA amended Section 7(a)(2) of the
Fannie Mae Issues Servicing Guide Announcement SVC-2023-05
October 16, 2023
Fannie Mae issued Servicing Guide Announcement SVC-2023-05 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: default-related legal services. Revisions related
Freddie Mac Issues Bulletin 2023-20: Servicing Updates
October 16, 2023
Freddie Mac issued Bulletin 2023-20 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to Resolve are effective October
Connecticut Amends Release of Lien Provisions
September 7, 2023
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
Florida Amends Estoppel Letter (Payoff Statement) Requirements
September 7, 2023
Florida passed a bill amending estoppel letter (payoff statement) requirements when a borrower requests an estoppel letter. The bill amends estoppel letter requirements with respect
Texas Enacts Release of Lien Requirements With Respect to Home Loans
September 5, 2023
Texas passed a bill enacting release of lien requirements with respect to home loans (loans secured by a 1-to 4- family dwelling occupied as the
Connecticut Authorizes Remote Notarizations
September 5, 2023
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
Texas Amends Security Breach Disclosure Requirements
August 29, 2023
Texas passed a bill amending security breach disclosure requirements. Under the bill, a lender, broker or servicer must notify the attorney general of a breach
Montana Increases Mortgage Lender and Servicer License Renewal Fees under the Montana Mortgage Act
August 28, 2023
Montana adopted rules increasing mortgage lender and servicer license renewal fees under the Montana Mortgage Act. Per the rule adoption, the renewal fee for a
