California DBO Provides Translated Loan Estimates The California Department of Business Oversight prepared translated versions of the Loan Estimate required by the TILA/RESPA Integrated Disclosure Rule (“TRID”). California requires a lender who negotiates in Spanish, Chinese, Tagalog, Vietnamese, or Korean…

Arizona Department of Financial Institutions Regulation                The Arizona Department of Financial Institutions adopted the Nationwide Mortgage Licensing System & Registry’s Uniform State Test for licensing of mortgage loan originators effective July 15, 2015.  California AB 661     The Governor of California…

Arizona SB 1218 The Governor of Arizona signed into law SB 1218 relating to recording fees. The bill is effective July 3, 2015. Arizona SB 1448 The Governor of Arizona signed into law SB 1448 relating to the notice of…

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…

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…

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. …

Arkansas Amendments to Fair Lending Act The Arkansas Securities Department revised its rules regarding Qualifications for Licensure; Licensee Duties; Recordkeeping; Prohibited Activities and Practice and Procedure.  The amendments were effective February 9, 2014. Georgia HB 750 The Governor of Georgia…

California AB 370 The Governor of California signed into law AB 370, which requires any operator of a website or online service that collects personally identifiable information on state residents to include new do-not-track disclosures in its privacy policy. This…

Arkansas Senate Bill 1137 The Governor of Arkansas signed into law SB 1137, which relates to documents concerning real property and allowing scrivener’s affidavits to correct errors in instruments affecting real property.  This legislation was effective August 16, 2013. California…

Alabama House Bill 529  The Governor of Alabama signed into law HB 529 which clarifies the Alabama Banking Department’s authority to examine subsidiaries and affiliates of state banks and bank holding companies.  California Reorganization  The California Department of Corporations (“DOC”)…