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Compliance Newshub
State News
This topic consolidates legislative summaries of new and revised state laws pertaining to licensing, originating, and servicing mortgage loans.
This topic consolidates legislative summaries of new and revised state laws pertaining to licensing, originating, and servicing mortgage loans.
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Click the link to read the full article.
Search our Compliance Calendar for current regulatory changes & updates.
Click below to read through Senate Bill 24-205.
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Click the link to read the full bill text.
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ACES ENGAGE 2025 registration now open!
Join us at the Broadmoor in Colorado Springs on May 18-20, 2025.
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The State of New Jersey immediately amends provisions regarding foreclosure procedure and the Community Wealth Preservation Program.
On Tuesday, December 26th, 2023, the Ohio Department of Commerce announced the annually adjusted loan limit amount for assessing penalties for prepayment or refinancing of mortgage loans to no less than $110,223, effective on January 1st, 2024.
The Declared Rate for determining high-interest/high-point home loans in Vermont will be eight percent in 2024.
"ACES has made my life so much easier from a QC perspective. It's life-changing"
- Kelly Cooper Spencer, QC & Business Intelligence Data Manager at Thrive Mortgage
Effective November 1, 2023, Oklahoma county clerks will require an affidavit regarding compliance with state laws on foreign property ownership to be included with every deed filed.
On October 13, 2023, California Senate Bill 455 was signed into law, requiring transferor mortgage servicers to provide any material written records between the borrower and servicer relating to the borrower's election to repair or replace property damaged in a disaster for which a state of emergency was proclaimed using insurance proceeds, and requiring the transferee servicer to honor any written agreements made prior to the transfer relating to such repairs.
On September 22, 2023, the Governor of New York signed into law changes to section 462 of the real property law related to the property disclosure statement, effective March 20, 2024.
Effective September 1st, 2023, Texas House Bill 219 has amended provisions related to the timing requirements for lien releases after mortgagor payoff.