Nevada Amends Certain Licensing Regulations
Nevada’s amended regulations, which were adopted by the Division of Mortgage Lending, regarding, among other things, the requirements related to surrendering certain licenses, recently became... Read More
State Regulatory Developments
Wisconsin to Allow Mobile Bank Branches, Updates Collection Agency Rules
The Wisconsin Division of Financial Institutions has adopted various regulatory amendments affecting collection agencies and bank branches, effective April 1, 2024. The amendments broadly update... Read More
CA DFPI Proposes Debt Collector Licensing Annual Fee, Annual Reporting Regs
The California Department of Financial Protection and Innovation (DFPI) has issued proposed regulations under the Debt Collection Licensing Act (DCLA) regarding the annual fee calculation... Read More
NMLS Modernization News
Recently, CSBS launched a redesigned “NMLS Modernization” web page that will be updated with news about NMLS enhancements. The website offers the option of signing... Read More
11th Circuit Preliminarily Enjoins Florida Law Prohibiting Certain Property Sales to Foreigners
The Eleventh Circuit Court of Appeals issued a preliminary injunction against a Florida law which prohibits almost all real estate purchases in the state by... Read More
New Jersey Passes Consumer Data Privacy Law
New Jersey recently enacted a comprehensive consumer data privacy law that imposes many obligations on controllers of personal data. The law becomes effective on January... Read More
Kansas Amends Notary Public Regulations Affecting Remote Notarization
The Kansas Secretary of State recently amended its regulations affecting notaries public, including remote notarization regulations. The amendment notably establishes communication technology standards for notarial... Read More
CSBS Posts State-Specific Supplemental Form Requirements for MCR FV6
CSBS recently published a chart on NMLS that lists which states will require licensees to complete the State-Specific Supplemental Form (SSSF) portion of the new... Read More
Illinois Division of Professional Regulation Repeals Collection Agency Regulations
The Illinois Division of Professional Regulation recently repealed its regulations on collection agencies. As the authority for regulation of collection agencies was transferred to the... Read More
CSBS Issues FAQ on MCR Version 6, Information on Grace Periods
CSBS recently issued an FAQ on Form Version 6 (FV6) of the Mortgage Call Report, which goes into effect on January 1, 2024, and must... Read More
Minnesota Money Transmitter Changes Become Effective January 1, 2024
Certain provisions of the Minnesota Money Transmitter Modernization Act (MTMA) which conflict with current law or establish new requirements will become effective January 1, 2024,... Read More
DC Amends Regulations Implementing Remote Notarizations
The District of Columbia recently amended the District of Columbia Municipal Regulations to implement statutes related to remote online notarizations. The regulations became effective on... Read More
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