Connecticut Department of Banking Memo On October 1, 2014, the Commissioner of the Connecticut Department of Banking clarified its mortgage servicer licensing requirements. Both purchasers of mortgage servicing rights and purchasers of mortgage loans who hire licensed mortgage servicers to…
Blog Archives
Winter 2015 “Talking The Talk”
Terry Franzén will be speaking at the following events: January 29-30, ACI’s Consumer Finance Class Actions and Litigation Conference, New York City; Topic: Student and Auto Loans, the Rise in Enforcement and Litigation by the CFPB, Disparate Impact Claims, and…
Posted in "Talking The Talk"/Conferences, Newsletters
Fall 2014 Announcements
Congratulations to Loretta Salzano for being named a Top Compliance Lawyer of 2014 by Mortgage Compliance Magazine. Click here: http://www.mcmag-digital.com/mcmag/september_2014#pg1 The Law of Truth in Lending Is Now Available! The much anticipated The Law of Truth in Lending has been…
Posted in Announcements, Newsletters
Terry Franzén: Lending A Helping Hand
For as long as she can remember, Terry Franzén has always been committed to lending a helping hand. “I have been involved in various nonprofit organizations probably my whole life,” Franzén said. “I am a strong believer in giving back…
Posted in Articles & Publications, Newsletters
Fall 2014 Federal Highlights
CFPB Revises Dollar Amount and Thresholds Under Federal High-Cost and Qualified Mortgage Provisions The CFPB has issued a final rule revising certain dollar amount thresholds under the federal high-cost and qualified mortgage provisions which are subject to revision each year.…
Posted in Federal Highlights, Newsletters
Fall 2014 States In Brief
California AB 1770 The Governor of California signed into law Assembly Bill 1770, which implements new requirements regarding the payoff of home equity lines of credit. This bill is effective July 1, 2015 and will remain in effect until July…
Posted in Newsletters, States In Brief
Fall 2014 “Talking The Talk”
Terry Franzén will speak on New HMDA Fields: How Will They Impact CRA? at the CRA and Fair Lending Colloquium in November. Also in November, Terry will speak on UDAAP and Discriminatory Practices/Disparate Impact in the Mortgage Servicing Context at…
Posted in "Talking The Talk"/Conferences, Newsletters
Summer 2014 Announcements
The firm’s employees and their families gathered together for a time of fun and relaxation at the annual retreat held this year at the Evergreen Marriott Resort in Stone Mountain, Georgia. Activities included golf, swimming, spa treatments, a spectacular laser…
Posted in Announcements, Newsletters
Summer 2014 Federal Highlights
The Department of Veterans Affairs (VA) issued an interim final rule defining the types of VA loans that are “qualified mortgages” for purposes of the ability to repay requirements of TILA and Regulation Z. The interim final rule is effective…
Posted in Federal Highlights, Newsletters
Summer 2014 States In Brief
Arizona HB 2018 The Governor of Arizona signed into law HB 2018 relating to Arizona’s anti-deficiency statutes. This legislation is effective July 24, 2014. Arizona HB 2098 The Governor of Arizona signed into law HB 2098 relating to loan originators. …
Posted in Newsletters, States In Brief