Arizona Strengthens Data Breach Notification Laws
On April 11, 2018, the Arizona governor signed into law House Bill 2154 (HB 2154) which amends Arizona’s data breach notification laws by creating a... Read More
State Regulatory Developments
New York DFS Reaches 17 Million Settlement with Large Mortgage Servicer
The New York Department of Financial Services (NYDFS) announced April 11 that it had reached a settlement in excess of seventeen million dollars with a... Read More
NY Regulator Issues Consumer Alert on Rent-to-Own and Land Installment Contracts
The New York Department of Financial Services (NYDFS) recently issued an alert, warning consumers to use caution before entering into any rent-to-own, land installment contracts,... Read More
South Carolina Issues Biennial Change in Dollar Amounts Under Consumer Protection Code
The South Carolina Department of Consumer Affairs recently announced this year’s changes in dollar amounts used in the Consumer Protection Code. Effective July 1, 2018.... Read More
Virginia Amends Provisions Regarding the Surrender of Notary Fees to Employers
Virginia recently passed House Bill 1343, which permits an employer to require that its notary employees surrender any fees charged for a notarial act to... Read More
Alabama Passes Data Security and Data Breach Notification Statute
Alabama recently became the 50th state to pass a data breach notification statute, joining South Dakota as the last two states to enact such legislation. ... Read More
Iowa Amends Provisions Regarding Mortgage Releases
The state of Iowa has amended several of its provisions relating to mortgage releases. These provisions take effect on July 1, 2018. Major changes to... Read More
Mississippi Amends its Debt Management Services Act
Mississippi recently amended its Debt Management Services Act to exclude certain for-profit debt management service providers from the definition of “debt management service provider.” The... Read More
New Jersey Names New Director for State-Level CFPB
The New Jersey Office of the Attorney General recently announced that New Jersey Governor Phil Murphy will nominate Paul Rodriguez to serve as the Director... Read More
Washington Amends and Adds Provisions Regarding Defaulted, Abandoned, or Foreclosed Residential Real Property
The State of Washington adopted House Bill 2057 related to the services and processes that are available to and required of mortgage servicers and trustees... Read More
Washington Enacts a Student Loan Bill of Rights
Washington recently enacted Senate Bill 6029 which establishes a student loan bill of rights (SBOR). The Washington SBOR, among other things: (1) requires student education... Read More
Ohio Publishes Guidance for Recent Statutory Changes to Residential Mortgage Lending Licensing Laws
The Ohio Department of Commerce’s Division of Financial Institutions recently published guidance to assist mortgage licensees and registrants with implementing the newly-effective Ohio House Bill... Read More
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