Arkansas House Bill 1907 The Governor of Arkansas signed into law HB 1907, which repeals or amends sections of the Arkansas Code relating to real estate forms which failed to provide constructive notice due to defective certificates of acknowledgment.  The…

Illinois House Bill 5019 On January 29, 2013, the Illinois Governor signed HB 5019, which amends sections of Public Act 097-0849 (SB 1692) relative to high-risk home loans.  HB 5019 was effective January 29, 2013 for loans made, refinanced, renewed,…

Georgia The Georgia Department of Banking and Finance recently adopted final revisions to its regulations under the Georgia Residential Mortgage Act.  These changes are currently effective. Notably, the rules reduce the fine for failure to timely file an NMLS call…

Colorado House Bill 1110 The Governor of Colorado signed into law HB 1110, which establishes a new registration requirement for appraisal management companies.  The legislation is effective July 1, 2013. Under the legislation, “appraisal management company” means, in connection with…

Georgia Senate Bill 331 The Georgia legislature has passed SB 331, which amends Georgia’s insurance laws to provide specifically for the issuance of closing protection letters.  The legislation will be effective upon signature by the Governor.  The legislation broadens the…