South Dakota Enacts Data Breach Notification Law
South Dakota recently passed a data breach notification statute in response to a highly publicized 2017 data security breach involving a nationwide credit reporting agency. ... Read More
State Regulatory Developments
Florida Adds MBLA Provisions Regarding Business Purpose Loans and Licensing Exemptions
Florida recently enacted amendments to the Florida Mortgage Brokerage and Lending Act (MBLA) making it unlawful for any person to misrepresent a residential mortgage loan... Read More
Indiana Modifies Tax Sale Notice Requirements and High Cost Home Loan Limits
Indiana recently amended certain provisions of its state statutes and regulations relating to the state’s real property tax sale notice requirements and dollar amount threshold... Read More
Nebraska Amends Provisions Regarding Security Instruments
Nebraska recently enacted legislation clarifying the requirements for a lender to release its lien upon the satisfaction of the obligation secured thereby and receipt of... Read More
Arizona Amends Laws on Electronic Notarization
The state of Arizona has amended certain provisions of its state statutes relating to notaries, including major changes which apply the state’s general notary laws... Read More
Florida Enacts Four Bills to Make Various Changes to Consumer-Related Statutes
The Florida Legislature recently enacted four bills that created and modified certain provisions in the Florida Statutes related to consumer issues in connection with (1)... Read More
Utah Modifies Provisions Under Residential Mortgage Practices and Licensing Act
Utah has issued House Bill 243 relating to licensing, record requirements, and investigations. The updates are effective May 8, 2018. House Bill 243 includes a... Read More
Nebraska Enhances Consumer Protection Law
Nebraska strengthened its consumer protection law in response to a highly publicized 2017 data security breach involving a nationwide credit reporting agency. The Nebraska Senate... Read More
Texas Adopts Model Plain Language Contract Clauses for Consumer Installment Loans Not Secured by Real Property
The Finance Commission of Texas recently adopted amendments to its Rules implementing the Texas Finance Code’s plain language requirements, adding model plain language contract clauses... Read More
Virginia Amends Provisions Relating to Foreclosure under Landlord and Tenant Law
The state of Virginia recently enacted House Bill 857, pertaining to Landlord and Tenant Law. Some of the provisions are included in order to conform... Read More
Alabama Limits Foreclosure Redemption Period for Homestead Property
Alabama recently amended its real estate redemption law to limit the time period within which a borrower can redeem homestead property following foreclosure. The amendments... Read More
Texas Finance and Credit Union Commissions Adopt Interpretation Amendments to Implement Changes to Home Equity Loan Provisions
The Finance Commission of Texas and the Texas Credit Union Commission recently adopted amended regulations to implement changes to the home equity loan provisions of... Read More
Industry News, including Federal Regulatory Developments, State Regulatory Developments and Litigation Developments, is for general information purposes only and is not in any way intended, nor shall it be construed, as legal advice, legal opinion or any other advice on any specific facts or circumstances. No person or entity (“Person”) should act or refrain from acting upon this information without seeking professional advice. No Person may rely on this information or its applicability to any specific circumstances. The information in Industry News, including Federal Regulatory Developments, State Regulatory Developments and Litigation Developments, is in no instance to be taken as an indication of completeness, applicability to a particular situation, or an indication of future developments or results.