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
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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
North Dakota Enacts Residential Mortgage Loan Servicers Act
August 25, 2023
North Dakota passed a bill enacting the Residential Mortgage Loan Servicers Act. Under the bill, a person may not engage in the business of residential
VA Announces Special Relief Following Maui Wildfires
August 21, 2023
VA issued Circular 26-23-16 (Circular), describing measures mortgagees may employ to provide relief to Hawaii home loan borrowers affected by wildfires. The measures include: the
RHS Outlines Relief Measures for Borrowers Affected by Maui Wildfires
August 21, 2023
RHS issued an announcement outlining the relief measures loan holders and loan servicers should employ to assist borrowers affected by the Maui wildfires. The measures
North Dakota Amends Escrow Requirements with respect to Surplus Escrow Funds
August 14, 2023
North Dakota passed a bill amending escrow requirements with respect to surplus escrow funds. Under the bill, a servicer that maintains an escrow account in
