Virginia provides protections from lien enforcement against primary residences
Effective July 1, HB 880 bars real estate lien enforcement on primary residences under $25K and mandates recordkeeping for common interest community associations.
Utah amends provisions on notifications and definitions of commercial financing transactions
Among other things, the changes remove certain disclosures for commercial financing transactions, including those for open-end credit plans after disbursing funds.
Utah amends its Consumer Sales Practices Act
The changes amend class action lawsuits and clarify provisions related to “targeted solicitations” involving financial information.
Utah amends credit report disclosures to protect consumers
The changes go into effect May 1 and add a disclosure requirement when a credit services organization provides a credit report to a consumer.
Mortgage Business-Specific Requirements Response to Public Comments Now Available [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
New Items Added to the NMLS Modernization Web Page [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.