On March 13, 2018 Gov. Eric Holcomb (R-IN) signed into law Indiana S.B. 372 (2018), which amends various parts of Indiana’s law concerning notarial acts (see https://iga.in.gov/legislative/2018/bills/senate/372#document-50bed3d4). From the Bill’s digest:
“Notarial acts. Makes technical changes to standardize language concerning registration of trademarks and regulation related to notarial acts….
UPDATE – 03.13.18
The Finance Commission of Texas and the Texas Credit Union Commission (“commissions”) have finalized the amendments to 7 Tex. Admin. Code Pt. 153 that they previously proposed (copies of the finalized amendments can be downloaded here: http://occc.texas.gov/publications/rules)….
Last October, FNMA announced modifications to their Selling Guide in regards to inter vivos revocable trusts, including the addition of an optional signature block on the promissory notes for the trustees of such trusts to sign,…
In an email dated today, FNMA announced the following:
“Spanish translation forms updated to mirror Texas home equity legal document revisions:”
“We’ve updated Spanish translation forms 3044.1s, 3244.1s, and 3522.44s to reflect the English form updates made in January….
Last year, Gov. Jerry Brown (D-CA) signed into law 2017 Cal. Legis. Serv. ch. 828 (S.B. 173), which “remove[s] the [Bureau of Real Estate] from the Department of Consumer Affairs and . . . make[s] it a department within the Business,…
On February 1st, 2018, The Veterans Benefits Administration published Circular 26-18-1, Policy Guidance for VA Interest Rate Reduction Refinance Loans (IRRRL), which affects loans closing on or after April 1st, 2018.
We are currently reviewing this change to determine any impact to our document library and/or systems and evaluating any necessary changes….
**Please note that the information in this announcement concerning the 12-Day Notice timing requirements for Texas 50(f)(2) loans has been superseded by this announcement as of 3/13/2018.**
Recently passed amendments to Texas’ Constitution requires the following for a Texas 50(f)(2) loan:
“[T]he lender provides the owners the following written notice on a separate document not later than the third business day after the date the owner submits the loan application to the lender and at least 12 days before the date the refinance of the extension of credit is closed ….
On December 22, 2017 Gov. John Kasich (R-OH) signed into law OH HB 199 (2017), which creates “the Ohio Residential Mortgage Lending Act for the purpose of regulating all non-depository lending secured by residential real estate, to limit the application of the current Mortgage Loan Law to unsecured loans and loans secured by other than residential real estate,…
In 42 Tex. Reg. 7582 (December 29, 2017), the Texas Department of Savings and Mortgage Lending adopted proposed amendments to 7 Tex. Admin. Code § 80.200, which modifies the “Mortgage Company Disclosure” promulgated under such section, required to be provided to a loan originator sponsored by a mortgage loan company “to a residential mortgage loan applicant with an initial application for a residential mortgage loan” (proposed amendments can be found at 42 Tex….