Legislative Developments

Maryland Gov. Larry Hogan signed legislation establishing an expedited foreclosure process for property that has been vacant and abandoned. Read on for more details.

The Florida Legislature has passed legislation that, among other things, amends the state’s property information report statutes. The bill awaits the governor’s signature. Read on for more details.

South Carolina Gov. recently signed a bill regarding time share reselling in the state. Among other things, the new law includes escrow requirements industry members should be aware of. Read on for more details.

Colorado passed a bill that would provide an exemption from applicable requirements for financing from the Colorado New Energy Improvement District if a residential property owner is not seeking to subordinate the priority of existing mortgages. Read on for more details.

The Nevada Legislature has passed legislation that would revise provisions governing the auction of property pursuant to the power of sale under a deed of trust, as well as provisions requiring mortgagees and beneficiaries of deeds of trust to provide certain contact info to the Division of Financial Institutions of the Department of Business and Industry. Read on for more details.

The New York Assembly is considering a bill that would require notaries and commissioners of deeds who are involved in executing documents of conveyance to file notarial record of the notarial act. Read on for more details.

The Texas Legislature is considering a bill relating to punishment for the offense of forgery and the fee imposed on those who commit the crime. Read on for more details.

The Rhode Island General Assembly is considering a bill that would criminalize residential mortgage fraud in the state. Read on for more details.

Arizona Gov. Doug Ducey, signed legislation that amends the state’s law on the prohibition on real estate transfer fees. Read on for more details.

Maryland Gov. Larry Hogan signed legislation that will require mortgages and deeds of trust to include certification that the document was prepared by a licensed attorney or one of the parties to the transaction. Read on for more details.