The Vermont Department of Financial Regulation recently entered an order to suspend the requirement to provide a “high-rate” mortgage loan disclosure under Regulation B-98-2. 

The South Carolina Department of Consumer Affairs recently announced changes in dollar amounts pursuant to Sections 37-1-109 and 37-6-104(1)(e) which provide that dollar amounts in the Consumer Protection Code are subject to change on July 1 of every even-numbered year based on changes in the Consumer Price Index  for Urban Wage Earners and Clerical Workers (“CPI”) for December of the preceding year.  The adjusted dollar amounts are effective July 1, 2022 through June 30, 2024.

New Freddie Mac rider. (Date of Release to Production: 06/23/22)

Updated address in first paragraph (page 1). (Date of Release to Production: 06/23/22)

On June 8, 2022, the U.S. Department of Agriculture (“USDA”) issued a Special Procedure Notice to announce increased 2022 income limits for the Rural Development Single Family Guaranteed Loan Program. The new income limits apply to loans submitted on or after June 8, 2022.

Updated to match model form (and updated expiration date). (Date of Release to Production: 06/16/22)

Updated to match model form. (Date of Release to Production: 06/16/22)

Removed "Trustor" and "Trustee" references in first paragraph on page 1. (Date of Release to Production: 06/16/22)

Removed "Trustor" and "Trustee" references in first paragraph on page 1. (Date of Release to Production: 06/16/22)

Updated legal citation in footer and address on page 2. (Date of Release to Production: 06/16/22)