The State Bar of Georgia recently revised their Title Standard related to the Waiver of Borrower Rights that is typically included with a Georgia Security Deed.  The revision to the Title Standard notes that the absence of a Waiver of Borrower Rights “shall not invalidate the security deed nor prevent the exercise of an otherwise proper power of sale.”

Updated second sentence of third paragraph on page 3. (Date of Release to Production: 08/03/23)

As previously discussed here,  New York passed State Assembly Bill 9433 (AB-9493) this year, which contains amendments to New York’s banking law, executive law, and veterans’ services law.  The bill added new section 6-p to the New York Banking Law, which includes a disclosure requirement for mortgage lending institutions and mortgage bankers that originate residential loans guaranteed under the Servicemen’s Readj

Earlier this year, North Dakota enacted Senate Bill 2090 (“SB 2090”) which added Chapter 13-12  Residential Mortgage Lenders to the North Dakota Century Code. Beginning on August 1, 2023, residential mortgage lenders will be regulated under Chapter 13-12 and be required to hold a residential mortgage lender license instead of being regulated under the North Dakota Money Broker Act. 

New translated mortgage document. (Date of Release to Production: 08/10/23)

New translated mortgage document. (Date of Release to Production: 08/10/23)

New translated mortgage document. (Date of Release to Production: 08/10/23)

New translated mortgage document. (Date of Release to Production: 08/10/23)

Updated body of form with new language. (Date of Release to Production: 08/10/23)

New ND form. (Date of Release to Production: 07/31/23)