Regulatory Compliance | News & Events

CFPB – Small Servicers, Published in MBA News

The September/October 2014 issue of MBA News published our following article:   In January of 2013, the Consumer Financial Protection Bureau (“CFPB”) issued new rules implementing various provisions of the Real Estate Settlement Procedures Act and the Truth in Lending Act… Read more »

The New CFPB Mortgage Rules: A Summary of What They Are and What They Mean

The Dodd-Frank Wall Street Reform Act and Consumer Protection Act (“Dodd-Frank Act”) amended both the Real Estate Settlement Procedures Act (“RESPA”), which is implemented by Regulation X, and the Truth in Lending Act (“TILA”), which is implemented by Regulation… Read more »

New Notice Requirements for Residential Contracts for Deed

During the recession of the last several years, the amount of financial institution-owned real property reached historically record levels. As the economy continues to improve we are seeing, for the first time in a long time, financial institutions selling more OREO property than they are acquiring.… Read more »

Important UCC Alert!

2010 Amendments to the Uniform Commercial Code go into effect Monday, July 1, 2013.   We are sending this as a follow-up to our The Advisor article sent on April 16, 2013, “What to Know about Filing UCC Financing Statements under the 2010 Amendments.” The full article can be… Read more »

What to Know about Filing UCC Financing Statements under the 2010 Amendments

In 2010, a review committee finalized several changes (“2010 Amendments”) to the Uniform Commercial Code’s Revised Article 9.  The 2010 Amendments have been enacted by the State of Minnesota, and will go into effect on July 1, 2013.  Although only eight other states have… Read more »