Compliance Newshub
State News

Colorado Senate Bill 190 enacts the Colorado Privacy Act effective July 1, 2023.

Connecticut Senate Bill 848 implements the Department of Banking's recommended changes to the banking statutes concerning financial institutions and consumer credit licenses effective October 1, 2021.

Colorado House Bill 1282 enacts the Colorado Nonbank Mortgage Servicers Act subjecting mortgage servicers to regulation by an assistant attorney general, including the requirements of notification, record keeping, reporting, examinations, inspections, and enforcement effective January 1, 2022.

The Indiana Department of Financial Institutions published a list of authorized Consumer Credit Fees for the period July 1, 2021, to June 30, 2022.

Ohio House Bill 110, among other things, amends provisions regarding licensing requirements including application and renewal fees effective September 30, 2021.

Missouri Senate Bill 106 modifies provisions regarding reasonable and bona fide third-party fees incurred for remote or electronic filings or fees sustained through interest and penalties following a judgment effective August 28, 2021.

Florida House Bill 483 clarifies that supervising witnessing of an electronic record by an online notary public is a notarial act; specifies the applicability of online notarization procedures to the supervision of witnessing of electronic record; modifies witnessing procedures; revises statutory forms for an affidavit for acceptance of & reliance upon power of attorney, for notice of election relating to the descent of homestead property, for self-proof of will or codicil, for disposition of certain assets at death, & for petition of summary relief for sale or transfer of property owned by absentee, to reflect means of notarization effective July 6, 2022.

Texas House Bill 2533 permits licensed appraisers to perform evaluations rather than full appraisals for financial institutions where full appraisals are not required by federal guidelines and permits lenders to use both employee-conducted evaluations and automated valuation systems; effective June 15, 2021.

Maine House Paper 1033a/L.D. 1399 continues temporary modification of certain in-person notarization and acknowledgment requirements and develops the permanent implementation of remote and online notarization effective June 23, 2021.

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The Montana Division of Banking and Financial Institutions amended its rules that implement the Montana Mortgage Act (MMA) effective June 12, 2021.

Maine Senate Paper 205 enacts an Act to protect consumers against predatory lending practices effective September 28, 2021.

The Mississippi Secretary of State adopted provisions amending fees for notarial acts effective July 1, 2021.