News & Analysis as of

Mortgage Lenders Lenders Proposed Legislation

Davis Wright Tremaine LLP

Navigating HB 3746 A: New Repose Periods, Moisture Testing, and HOA Rules in Oregon

Oregon's condominium sector has seen a significant decline in new construction over the past decade, prompting renewed legislative interest in how these projects are regulated and managed. House Bill 3746 A proposes several...more

Ballard Spahr LLP

Legislation to prohibit ‘trigger leads’ in mortgage industry reintroduced in House, Senate

Ballard Spahr LLP on

Legislation to prohibit so-called “trigger leads” in the homebuying process once again has been reintroduced in the House and Senate....more

Ballard Spahr LLP

FinCEN Expands CTA FAQs

Ballard Spahr LLP on

On November 16, the Financial Crimes Enforcement Network (“FinCEN”) issued – again –expanded FAQs pertaining to beneficial ownership information (“BOI”) reportable under the Corporate Transparency Act (“CTA”).  These expanded...more

Harris Beach Murtha PLLC

Lenders: The Corporate Transparency Act is Headed Your Way in January 2024

The Corporate Transparency Act (CTA), which was passed by Congress in 2021 and is administered by the Financial Crimes Enforcement Network (FinCEN) at the U.S. Department of the Treasury, will become effective on January 1,...more

BCLP

New fair banking CRA legislation: House committee on financial services (HR 8833)

BCLP on

US House of Representatives Committee on Financial Services Chairwoman, Maxine Waters (D-CA), has introduced new legislation H.R. 8833 “Making Communities Stronger through the Community Reinvestment Act.” The proposed...more

McGlinchey Stafford

Pandemic speeds remote online notarization

McGlinchey Stafford on

Given the increase in virtual working environments due to COVID-19, many lenders are exploring electronic notarization, remote online notarization (RON), and even electronic signatures. While the pandemic may have spurred...more

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