On April 26, 2023, the Federal Housing Finance Agency (“FHFA”) published a Notice of Proposed Rulemaking in the Federal Register, seeking comments on a proposed rule that would codify into regulations some of the agency’s existing practices related to fair lending, fair housing and Equitable Housing Finance Plans.
The Social Security Administration (“SSA”) allows financial entities to register and enroll as users of the electronic Consent Based Social Security Number Verification Service (“eCBSV”). This fee -based service allows enrolled users to electronically submit a verification of an individual’s social security record.
On April 28, 2023, the CFPB issued an Interim Final Rule related to the sunsetting of all London-Interbank Offered Rates (“LIBOR”), that updates its prior Final Rule issued in December 2021. The update to the rule reflects passage of the federal “LIBOR Act”, formally known
Georgia Amendment to Recording Requirements
Georgia House Bill 974 , which was signed into law on May 2, 2022, mandates new requirements for recording of all security instruments listed in Georgia Code Chapter 2 of Title 44.
As of the July 1, 2023 effective date, a deed to secure debt will no longer be recorded unless the first page includes the following information:
Update to Agency Addresses for ECOA and Adverse Action Notices
Uniform Electronic Transactions Act - a uniform law published by the Uniform Laws Commission that authorizes electronic transactions commonly adopted by state legislatures.
On April 4, 2023, New Mexico Governor Luhan Grisham signed Senate Bill 246 into law. The bill, which becomes effective on June 16, 2023, revises the Revised Uniform Law of Notarial Acts, under Chapter 14, Article 14a of New Mexico statutes.
Where can you find us this month? Check out DocMagic’s May event lineup:
The New Jersey Department of Banking and Insurance recently issued Bulletin No.
Revised Document: A Summary of Your Rights Under the Fair Credit Reporting Act
SYRUFCRA.MSC
Updated based on CFPB Final Rule to make non-substantive corrections and updates to agency contact information. (Date of Release to Production: 04/20/23)
