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North Carolina passes emergency video notarization bill
Posted Date: Wednesday, May 6, 2020
Emergency video notarizations now are authorized temporarily under North Carolina law for most notarial acts until Aug. 1, 2020, as a result of the State of Emergency related to the COVID-19 pandemic. Read on for more details.
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MISMO issues standard closing instructions
Posted Date: Wednesday, May 6, 2020
MISMO announced the issuance of standardized closing instructions, templates creating a common format for closing instructions. They are intended to improve communication between lenders and settlement agents. Read on for more details.
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Senators introduce data protection act
Posted Date: Wednesday, May 6, 2020
Several senators announced plans to introduce the COVID-19 Consumer Data Protection Act. The legislation would provide all Americans with more transparency, choice, and control over the collection and use of their personal health, geolocation, and proximity data. The bill also would hold businesses accountable to consumers if they use personal data to fight the COVID-19 pandemic. Read on for more details.
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CFPB issues interpretive TRID rule, easing credit access
Posted Date: Wednesday, May 6, 2020
As part of its plan to help consumers facing financial emergencies to obtain access to mortgage credit quickly in the middle of the COVID-19 pandemic, the bureau issued an interpretive rule clarifying that consumers can exercise their rights to modify or waive certain required waiting periods under TRID and the Regulation Z rule. Read on for more details.
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DOJ issues first charges of PPP fraud
Posted Date: Wednesday, May 6, 2020
Two businessmen have been charged in the District of Rhode Island with allegedly filing bank loan applications fraudulently seeking more than a half-million dollars in forgivable loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. These are the first charges of Paycheck Protection Program Fraud. Read on for more details.
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Maryland gets new insurance commissioner
Posted Date: Wednesday, May 6, 2020
Maryland Gov. Larry Hogan announced the appointment of a new insurance commissioner to replace the outgoing insurance commissioner, who was appointed executive director of the Maryland Auto Insurance Fund. Read on for more details.
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Realtor sentenced for fraud scheme
Posted Date: Wednesday, May 6, 2020
A Realtor from Bronx, N.Y., was sentenced after being convicted of conspiracy to commit wire and mail fraud affecting a financial institution. Read on for more details.
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West Virginia governor signs URPERA
Posted Date: Wednesday, April 29, 2020
West Virginia Gov. Jim Justice signed into law the Uniform Real Property Electronic Recording Act. Read on for more details.
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Washington adopts emergency license extension
Posted Date: Wednesday, April 29, 2020
Washington Insurance Commissioner Mike Kreidler filed emergency rules that will help insurance producers during the state of Washington’s Stay Home, Stay Healthy order. Insurance producers are people who are licensed to sell insurance in Washington state. Read on for more details.
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Tennessee launches temporary insurance license program
Posted Date: Wednesday, April 29, 2020
In an effort to aid the state of Tennessee’s economic recovery, the Tennessee Department of Commerce and Insurance (TDCI) announces a new program to provide temporary insurance producer licenses to qualified individuals who have been unable to complete their licensing tests. Read on for more details.
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Delaware forms COVID-19 Anti-Fraud Coalition
Posted Date: Wednesday, April 29, 2020
U.S. Attorney David C. Weiss and Delaware Attorney General Kathleen Jennings announced the formation of a new Coronavirus (COVID-19) Anti-Fraud Coalition, aimed at better protecting the citizens of Delaware from criminal and civil fraud arising from the pandemic. Read on for more details.
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CFPB enhances consumer complaint database
Posted Date: Wednesday, April 29, 2020
The Consumer Financial Protection Bureau (CFPB) announced the addition of a geospatial view to the Consumer Complaint Database. With this addition, consumers now will be able to view complaints by state with a U.S. map visualization. Read on for more details.
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NYSDFS appoints new general counsel
Posted Date: Wednesday, April 29, 2020
New York Superintendent of Financial Services Linda A. Lacewell announced the appointment of a new general counsel of the New York State Department of Financial Services. Read on for more about the new hire.
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Michigan DIFS to issue temporary producer licenses
Posted Date: Monday, April 27, 2020
Because its licensing vendor suspended operations, the Michigan Department of Insurance and Financial Services will offer new producer license applicants temporary licenses. Read on for the requirements for these temporary licenses.
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New Mexico seeks updated compliance contact info
Posted Date: Monday, April 27, 2020
The New Mexico Office of the Superintendent of Insurance is asking all insurers authorized to transact business in New Mexico to update its regulatory compliance/government relations contact information to ensure the distribution of regulatory directives. Read on for more details.
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Wisconsin authorizes online licensing exams
Posted Date: Monday, April 27, 2020
Wisconsin Insurance Commissioner Mark Afable announced that insurance agent licensing exams now can be taken online using a platform called ProProctor from Prometric. Read on for more details.
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Pennsylvania outlines temporary producer process
Posted Date: Monday, April 27, 2020
Pennsylvania Insurance Commissioner Jessica Altman announced that the insurance department submitted to the Pennsylvania Bulletin a notice which outlines the process for the issuance of temporary producer licenses to those qualifying individuals desiring to become Pennsylvania resident insurance producers during the COVID-19 pandemic.
Temporary licenses will be permitted only for individuals who are sponsored by an insurance company holding an active certificate of authority in Pennsylvania and authorized to write the lines of insurance for which the individual is applying.
Read on for more details from the announcement.
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