Compliance Newshub
State News

Delaware House Bill 159 modifies the locations where sheriff's sales may be conducted to provide the sheriffs with needed flexibility and modernize the sheriffs' sale process effective September 15, 2021.

As announced on 06/16/2021, the state of Connecticut modified its provisions relating to its foreclosure mediation program as well as other alternatives to foreclosure effective on October 1, 2021.

Ballard Spahr, LLP--Stefanie Jackman

During D.C.’s declared State of Public Health Emergency, bills B24-0347 and B24-0348 impacting collection activities that relate to both third-party debt collectors and creditors collecting their own debts, the bills only temporarily amend various provisions of D.C. 28-3814 while awaiting the permanent bill, B24-0357.

New York enacted provisions for residential foreclosure protections specific to Part C, Subpart B of Senate Bill 50001.

Effective October 1, 2021, new regulations under the California Financing Law become operative: all new license applications under the California Financing Law must be submitted through NMLS on and after October 1, 2021; all licensees not yet on NMLS must transition onto NMLS by December 31, 2021; and PACE program administrators must comply with new regulatory provisions.

New Hampshire Senate Bill 134 adopts, among other things, the revised uniform law on notarial acts and the uniform real property electronic recording act effective 180 days after passage (February 12, 2022).

Ballard Spahr, LLP--Philip N. Yannella

After a little over a year of enforcing the California Consumer Privacy Act, the Office of the California Attorney General has announced updates on its CCPA enforcement efforts and new tools relating to California consumers’ right to opt out of the sale of their personal information.

Mortgage Professional America – Candyd Mendoza

Rocket Mortgage introduced a new program designed to increase homeownership in the city of Detroit.

New York Senate Bill 5785 amends the real property actions and proceedings law, in relation to foreclosure of mortgages, to remove references to make the affirmative allegation provisions for high-cost loans and subprime home loans applicable to foreclosures of residential mortgages covering one to four-family dwellings effective January 1, 2022.

New Jersey Assembly Bill 4250 Revises law concerning notaries and notarial acts and authorizes electronic signatures effective October 20, 2021.

Illinois has amended its provisions relating to its Notary Public Act that include remote notarial acts, and electronic notarial acts and forms and amendments to its Uniform Real Property Electronic Recording Act, effective on January 1, 2022 ; or (2) the date on which the Office of the Secretary of State files with the Index Department of the Office of the Secretary of State a notice that the Office of the Secretary of State has adopted the rules necessary for implementation; except that, the changes made to specified provisions of the Illinois Notary Public Act take effect July 1, 2022.

On July 23, 2021, Governor Gavin Newsom proclaimed a state of emergency in Plumas County due to the Dixie Fire and Fly Fire, in Butte and Lassen counties due to the Dixie Fire, and in Alpine County due to the Tamarack Fire; consequently, Acting Commissioner of Financial Protection and Innovation Christopher S. Shultz has determined that an extraordinary situation exists and has issued a proclamation authorizing state-chartered banks to close any or all of their offices in affected areas until the Commissioner determines the extraordinary condition has ended.