For those entities currently conducting business as mortgage servicers and not otherwise exempt, the New Jersey Department of Banking and Insurance provides a deadline of April 13, 2020.
The Supervisor for the Alabama State Banking Department Bureau of Loans issued a statement to licensees extending the annual report, mortgage call report, and financial statement deadlines to July 15.
The changes amend the definition of a mortgage loan originator with respect to manufactured home retailers and the adjusts allowable final installment payment on a mortgage loan.
The amendment modifies provisions related to consumer lending in the state, including registration, reporting, and operational requirements for deferred deposit lenders.
Sellers and servicers are expected to maintain and follow business continuity plans during the Covid-19 pandemic. The guidance also summarized the relief that servicers should provide to impacted borrowers.
The Office of the State Bank Commissioner issued a directive that, beginning on April 15, certain MSBs should use the system for applications, renewals, surrenders and amendments.
The DBO issued the guidance to finance lenders, PACE administrators, deferred deposit originators, and premium finance companies.
The Division of Financial Institutions issued guidance permitting licensees reduce hours or close offices during Hawaii’s Covid-19 Emergency Period.
The guidance extends the deadlines to file annual reports originally due March 1 or March 15, 2020 to April 30, 2020, for a number of consumer credit-related licensees
The program allows participants to temporarily test innovative financial products or services on a restricted basis without requiring a license under West Virginia law.
House Enrolled Act No. 1353 amends various provisions concerning financial institutions and consumer credit, including those related to first lien mortgage lenders, credit unions, and surety bond requirements, among others.
On March 18, the Washington governor signed Substitute HB 2476, which clarifies the definition of a debt buyer and outlines prohibited activities.
On March 30, Maryland Governor Larry Hogan issued an executive order permitting remote notarization under certain circumstances and strongly encouraging this flexibility be used to conduct loan closings remotely.
The Division of Banking extended the due date for debt collectors, small loan lenders, and debt management companies to submit 2020 Rhode Island Annual Reports to April 30, 2020.
The March 30 guidance from the Illinois DFPR affects mortgage, consumer finance, debt, and money services businesses, among others.
The Idaho Department of Finance issued a memorandum to money transmitter licensees and applicants regarding agency operations and communications due to Covid-19.
Nebraska Department of Banking and Finance announced it will temporarily halt all regular examinations unless the examination is critical to safety and soundness, consumer protection, or is necessary to address an urgent or immediate need.
The Illinois Department of Financial and Professional Regulation, Division of Professional Regulation and Division of Real Estate, is extending deadlines by 21 days from the current deadlines set.
Instead of the original 60-day deadline extension, the NMLS Policy Committee encourages regulators to be lenient if reports are filed within 30 days of the placement of the license item (based on the standard due date).
The North Carolina Department of Insurance issued guidance clarifying certain debt collection obligations for insurance companies and related entities.