Current State Status for Remote Online Notarizations
States continue to pass laws that support conducting a Remote Online Notarization ("RON"), and in response to the pandemic situation, additional states have allowed RONs under Emergency Orders. Learn More
On April 16, 2020, the Consumer Financial Protection Bureau (“CFPB”) issued a final Home Mortgage Disclosure Act (“HMDA”) rule which amends Regulation C to raise the loan-volume coverage thresholds... Read More
In the state of Oklahoma, the late fee dollar amount in Okla. Stat. Title 14A, 3-203 is subject to change on July 1 of each year... Read More
Compliance Term of the Month
DocMagic introduces AutoPrep, a new technology that leverages artificial intelligence and machine learning to change standard documents into e-enabled documents in less than 10 seconds. AutoPrep scans and parses documents, locates all areas required for a signature, then tags them for eClosing.
Federal agencies, along with Fannie Mae and Freddie Mac (the “GSEs”) have issued temporary guidance urging that additional due diligence be taken in verifying borrower income and employment information... Read More