Compliance Newshub
State News

Texas Senate Bill 1900 amends provisions regarding requirements for maintenance and location of offices under its Residential Mortgage Loan Company Licensing and Registration Act effective September 1, 2021.

Connecticut House Bill 5310 expands the data privacy breach notification statute to protect consumers effective October 1, 2021.

Oregon Senate Bill 765 makes permanent provisions allowing notary public to perform notarial act using communication technology for remotely located individual under certain circumstances effective June 15, 2021.

Nevada Assembly Bill 237, among other things, requires that in the case of a foreclosure sale, which is the sale by foreclosure of any real property, notice must be given to each person who has recorded a request for a copy of a notice of default or notice of sale with respect to the mortgage or other lien being foreclosed, each other person with an interest in the real property whose interest or claimed interest is subordinate to the mortgage or other lien being foreclosed, and an association that has recorded a request for a copy of a deed upon a foreclosure sale; effective January 1, 2022.

Connecticut Senate Bill 891 makes the Ezequiel Santiago Foreclosure Mediation Program permanent and requires that certain alternatives to foreclosure be made available to certain mortgagors; effective October 1, 2021.

Connecticut Senate Bill 986 makes revisions to the Connecticut Uniform Trust Code, Rule Against Perpetuities, Connecticut Uniform Power of Attorney Act, Connecticut Business Corporation Act, and Revised Nonstock Corporation Act.

Hawaii Senate Bill 385 enacts the 2018 Uniform Trust Code which is intended to consolidate statutes relating to trusts under one comprehensive umbrella; repeals the Uniform Trustees' Powers Act, Uniform Prudent Investor Act, and laws regarding trust administration under the Uniform Probate Code effective January 1, 2022.

Maryland House Bill 1261 alters certain provisions of law related to the execution of wills, powers of attorney, and advance directives to authorize the electronic execution and remote witnessing of those documents under certain circumstances, provides that a will, a power of attorney, notarization of a power of attorney, or an advance directive executed in conformance with the provisions of certain executive orders shall be deemed to satisfy certain requirements under the Act, and applies the Act retroactively; effective October 1, 2021.

Mortgage Professional America-The Associated Press

Hawaii Governor David Ige has extended the coronavirus pandemic eviction moratorium by 60 days, through August 6, 2021.

Nevada Assembly Bill 245 increases fees that may be charged by a notary public effective July 1, 2021.

Oregon House Bill 2009 extends temporary limitations on lenders' remedies for borrowers' failures to make payments on obligations secured by mortgages, trust deeds, or land sale contracts for certain real property from December 31, 2020 to June 30, 2021.

Reverse Mortgage Daily--Chris Clow

Texas has active legislation affecting reverse mortgage lending, two current bills are, Texas House Bill 1129: False, misleading, or deceptive advertising in a reverse mortgage and SB 362: satisfaction of a reverse mortgage after the death of the ‘last surviving’ borrower.