This topic consolidates legislative summaries of new and revised state laws pertaining to licensing, originating, and servicing mortgage loans.
This bill limits mortgage prepayment rules for mortgages on owner-occupied properties with 1 to 4 dwelling units. Click on the link to read the full text of the bill.
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
Search our Compliance Calendar for current regulatory changes & updates.
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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.
West Virginia's Senate Bill 573, effective June 10, 2026, amended requirements relating to the closing statement under its Residential Mortgage Lender, Broker and Servicer Act. The complete text of Senate Bill 573 is available on the West Virginia Legislature’s website at: https://www.wvlegislature.gov/...
Nebraska's LB 717, effective July 18, 2026, introduces a new net tangible benefit disclosure requirement for certain installment or mortgage loan refinances. A copy of the prescribed disclosure form is available on the Nebraska Department of Banking and Finance's website at https://ndbf.nebraska.gov/industries/consumer-lenders. The complete text of LB 717 is available on the Nebraska Legislature’s website at: https://nebraskalegislature.gov/FloorDocs/109/PDF/Slip/LB717.pdf.
ACES Q4 and CY 2025 Mortgage QC Industry Trends Report shows critical defect rate falls to annual low
Click the link to read CO SB 26-189
Click the link below to read the bulletin.
Click the link to read the Rule Update.
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ACES allows The Loan Store to:
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