Sacramento Court Rules CPPA Must Delay Enforcement of New Regulations
On June 30, 2023, a Sacramento Superior Court ruled that the California Privacy Protection Agency (CPPA) must wait a full one-year period from a regulation... Read More
State Regulatory Developments
Texas Enacts Comprehensive Consumer Data Privacy Law
Texas recently enacted a comprehensive consumer state data privacy law, the Texas Data Privacy and Security Act (the Act), following multiple other states including: Virginia,... Read More
Florida Enacts Bill Permitting Loan Originators to Work from Remote Locations
Florida recently enacted House Bill 1185, which authorizes licensees under the Florida Mortgage Lenders, Mortgage Brokers, and Loan Originators Act to allow loan originators to... Read More
PA Enacts Insurance Data Security Law
Pennsylvania’s Governor recently signed into law the Pennsylvania Insurance Data Security Act (the Act), which requires insurance companies to safeguard consumer information. The Act goes... Read More
Colorado Amends Reverse Mortgage Principal Residence Requirements
Colorado recently passed House Bill 1266 (the “Bill”), adding an exception to the principal residence requirements for reverse mortgages when a “force majeure” renders the... Read More
NY DFS Proposes New Standards for Character and Fitness Assessments
The New York State Department of Financial Services (DFS) recently issued a proposal that would require covered institutions to review and assess the character and... Read More
Texas Adopts Release of a Deed of Trust Provision
Texas recently amended the Texas Finance Code to add a provision relating to the release of a lien after payoff by a mortgagor. The provision... Read More
Florida Amends Telephone Solicitation Law
Florida recently enacted House Bill 761 (the “Bill”), amending the telephone solicitation statute. The Bill is effective May 25, 2023. Among other changes, the Bill... Read More
Montana Enacts Comprehensive Consumer Data Privacy Law
Montana recently enacted a comprehensive data privacy law entitled the “Consumer Data Privacy Act” (the Act), following other states like Tennessee, Iowa, Virginia, California, Colorado,... Read More
Tennessee Enacts Comprehensive Consumer Data Privacy Law
Tennessee recently enacted a comprehensive state data privacy law, the Tennessee Information Protection Act (“TIPA”), following other states like Virginia, California, Colorado, Utah, Connecticut, Iowa,... Read More
Indiana Amends Mortgage Law and UCCC
Indiana recently amended provisions of its First Lien Mortgage Lending Act and its Uniform Consumer Credit Code. Among other things, the amendments allow for the... Read More
Maryland Amends Program for Historic Redlining Appraisal Gap
The Governor of Maryland recently signed House Bill 625 into law, amending the Appraisal Gap From Historic Redlining Financial Assistance Program (the Program), which provides... Read More
Industry News, including Federal Regulatory Developments, State Regulatory Developments and Litigation Developments, is for general information purposes only and is not in any way intended, nor shall it be construed, as legal advice, legal opinion or any other advice on any specific facts or circumstances. No person or entity (“Person”) should act or refrain from acting upon this information without seeking professional advice. No Person may rely on this information or its applicability to any specific circumstances. The information in Industry News, including Federal Regulatory Developments, State Regulatory Developments and Litigation Developments, is in no instance to be taken as an indication of completeness, applicability to a particular situation, or an indication of future developments or results.