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The Compliance NewsHub delivers mortgage, credit and compliance headlines and breaking news to help compliance and quality control professionals easily find relevant news and important regulatory dates.
Minnesota amended its Residential Mortgage Originator and Servicer Licensing Act (MRMOSLA). New servicer standards under Minn. Stat. § 58.131 cover account statements, escrow, payment crediting, servicing transfers, and borrower notifications, while expanded recordkeeping under § 58.14 adds retention rules for written information requests and certain borrower phone calls. Effective August 1, 2026.
Click the link below to read the full text of H. F. No. 4188
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Search our Compliance Calendar for current regulatory changes & updates.
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ACES allows The Loan Store to:
A new disclosure requirement related to flood damage and insurance coverage must be provided in writing to mortgage loan applicants no later than ten days prior to the date of the closing in a mortgage loan transaction. Effective July 1, 2026.
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