This topic consolidates legislative summaries of new and revised state laws pertaining to licensing, originating, and servicing mortgage loans.
Florida Governor Ron DeSantis extended the statewide moratorium on evictions and foreclosures under Executive Orders 20-94 and 20-121 until July 1, 2020.
insideARM—Katie Grzechnik Neil
The governor of Nevada issued a declaration outlining “Phase Two” of the state’s COVID-19 reopening guidelines that states that any prior directive not expressly discussed in the declaration is extended to June 30, 2020.
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DSnews—Mike Albanese
According to Quad-City Times, Iowa governor Kim Reynolds said that home foreclosure and rent evictions moratorium would not be extended.
MBA Newslink--Mike Sorohan
The Property Assessed Clean Energy (PACE) loan program, which allows financing for energy efficiency upgrades, has been terminated in Los Angeles County, California.
ARC 5041C adopted and filed May 20, 2020 implements, in whole or in part, Iowa Code chapter 9B establishing procedures for electronic and remote notarial acts effective July 1, 2020.
Minnesota has published revised Consumer Credit Code Adjustments for dollar amounts indexed in the Regulated Loan Act, Minnesota Statutes, Chapter 56, and the Minnesota Consumer Credit Code, Minnesota Statutes, Section 47.59, effective July 1, 2020.
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Troutman Sanders LLP; Pepper Hamilton LLP
Provides alert that a new privacy law, the California Privacy Rights Act of 2020 (CPRA), known as "CCPA 2.0", will appear on the November 2020 ballot for approval.
Ballard Spahr LLP--Stefanie Jackman
A Massachusetts federal district court has issued a temporary restraining order blocking the MA Attorney General from imposing the prohibitions on instigating lawsuits and collection calls in the emergency debt collection regulation announced on March 26.
Ballard Spahr LLP--Alan S. Kaplinsky
The American Financial Services Association has filed an amicus brief in a Maine federal court in support of a judgment that two amendments to Maine’s credit reporting law in 2019, preempted by the FCRA.
House Bill 124 enacts provisions for electronic recording of documents and remote notarizations effective January 1, 2021.
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Housingwire--Julia Falcon
The Pennsylvania House passed House Bill 2412 ito allow real estate services to be conducted across the state including in-home showings and inspections.
Buckley LLP--InfoBytes Blog
Nine states announced a multi-state initiative to provide student loan relief options for borrowers with commercially-owned Federal Family Education Loan Program loans and privately held student loans not covered by the CARES Act.
The South Carolina Department of Consumer Affairs published changes to its Consumer Protection Code dollar amounts effective July 1, 2020 to June 30, 2022.
Ballard Spahr LLP--John L. Culhane, Jr.
Massachusetts, New Jersey, Connecticut, Illinois, and Vermont will be joining a multi-state initiative providing relief to borrowers with student loans that are not covered by the CARES Act.
