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State News

This topic consolidates legislative summaries of new and revised state laws pertaining to licensing, originating, and servicing mortgage loans. 

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June 23, 2021

Maine Amends Provisions Regarding Mortgage Servicer

Maine LD 1066 (SP 334) is an act to clarify the definition of a "mortgage servicer" in the laws governing mortgage foreclosures, effective September 28, 2021.

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June 23, 2021

Texas Amends Provisions Regarding Maintenance and Location of Offices

Texas Senate Bill 1900 amends provisions regarding requirements for maintenance and location of offices under its Residential Mortgage Loan Company Licensing and Registration Act effective September 1, 2021.

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June 17, 2021

Connecticut Amends Provisions Regarding Security Breach

Connecticut House Bill 5310 expands the data privacy breach notification statute to protect consumers effective October 1, 2021.

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June 17, 2021

Oregon Amends Provisions Regarding Notaries

Oregon Senate Bill 765 makes permanent provisions allowing notary public to perform notarial act using communication technology for remotely located individual under certain circumstances effective June 15, 2021.

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June 16, 2021

Nevada Modifies Provisions Regarding Foreclosure Sale

Nevada Assembly Bill 237, among other things, requires that in the case of a foreclosure sale, which is the sale by foreclosure of any real property, notice must be given to each person who has recorded a request for a copy of a notice of default or notice of sale with respect to the mortgage or other lien being foreclosed, each other person with an interest in the real property whose interest or claimed interest is subordinate to the mortgage or other lien being foreclosed, and an association that has recorded a request for a copy of a deed upon a foreclosure sale; effective January 1, 2022.

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June 16, 2021

Connecticut Modifies Provisions Regarding Foreclosure

Connecticut Senate Bill 891 makes the Ezequiel Santiago Foreclosure Mediation Program permanent and requires that certain alternatives to foreclosure be made available to certain mortgagors; effective October 1, 2021.

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Lender slashes review times by 75%

Lender slashes review times by 75%

Consumer Lender Exceeds Expectations with ACES

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June 16, 2021

Connecticut Amends Provisions Regarding Uniform Trust Code

Connecticut Senate Bill 986 makes revisions to the Connecticut Uniform Trust Code, Rule Against Perpetuities, Connecticut Uniform Power of Attorney Act, Connecticut Business Corporation Act, and Revised Nonstock Corporation Act.

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June 15, 2021

Hawaii Enacts Provisions Regarding Uniform Trust Code

Hawaii Senate Bill 385 enacts the 2018 Uniform Trust Code which is intended to consolidate statutes relating to trusts under one comprehensive umbrella; repeals the Uniform Trustees' Powers Act, Uniform Prudent Investor Act, and laws regarding trust administration under the Uniform Probate Code effective January 1, 2022.

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June 10, 2021

Maryland Enacts Provisions Regarding Powers of Attorney

Maryland House Bill 1261 alters certain provisions of law related to the execution of wills, powers of attorney, and advance directives to authorize the electronic execution and remote witnessing of those documents under certain circumstances, provides that a will, a power of attorney, notarization of a power of attorney, or an advance directive executed in conformance with the provisions of certain executive orders shall be deemed to satisfy certain requirements under the Act, and applies the Act retroactively; effective October 1, 2021.

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June 08, 2021

Hawaii's eviction moratorium extended

Mortgage Professional America-The Associated Press

Hawaii Governor David Ige has extended the coronavirus pandemic eviction moratorium by 60 days, through August 6, 2021.

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June 03, 2021

Nevada Amends Provisions Regarding Notaries Public Fees

Nevada Assembly Bill 245 increases fees that may be charged by a notary public effective July 1, 2021.

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June 02, 2021

Oregon Amends Provisions Regarding Temporary Limitations on Lenders’ Default Remedies

Oregon House Bill 2009 extends temporary limitations on lenders' remedies for borrowers' failures to make payments on obligations secured by mortgages, trust deeds, or land sale contracts for certain real property from December 31, 2020 to June 30, 2021.

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June 02, 2021

State Legislation: How Texas is Aiming to Regulate Reverse Mortgages

Reverse Mortgage Daily--Chris Clow

Texas has active legislation affecting reverse mortgage lending, two current bills are, Texas House Bill 1129: False, misleading, or deceptive advertising in a reverse mortgage and SB 362: satisfaction of a reverse mortgage after the death of the ‘last surviving’ borrower.


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June 01, 2021

Colorado Amends Provisions Regarding Foreclosure Sales

Colorado has amended its provisions relating to foreclosure sales of real property effective immediately.

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