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The Legal Description > LIBRARY > Legislation > By Year > 2012

2012

South Carolina HB 3134
Posted Date: Thursday, December 13, 2012
A bill prefiled in the legislature seeks to ensure that the mortgagee of record, the owner or holder of the debt instrument, the trustee or beneficiary of a deed of trust or the legal representative of attorney-in-fact of any of those parties may execute a mortgage satisfaction or deed of trust release. It also seeks to establish a new procedure and form for use in the execution of a mortgage satisfaction.
New Jersey AB 3497
Posted Date: Thursday, December 6, 2012
The New Jersey legislature will consider a bill that revises the state’s Fair Foreclosure Act by requiring servicers to document their right to foreclose and to offer consultations on alternatives to mortgage foreclosure, as well as provide an expedited process for foreclosing abandoned properties.
Montana LC0027
Posted Date: Friday, November 30, 2012
The Montana Legislature pre-filed a bill that puts forth several requriements for the mainteannce of residential real estate escrow accounts.
California AB 2303
Posted Date: Saturday, September 29, 2012
The California Land Title Association announced the passage of AB 2303, a bill in which it had sponsored amendments to add title insurers and underwritten title companies to a list of escrow service providers under Civil Code 1946.1, which governs notice to tenants prior to the termination of their tenancy.
California AB 2326
Posted Date: Monday, September 24, 2012
The General Assembly of California has adopted a new law adding requirements to the notarization of real estate documents.
Connecticut HB 5539
Posted Date: Thursday, September 20, 2012
The Connecticut General Assembly passed a bill that changes the fees town clerks may charge for copies of documents as well as a few other revisions.
California AB 407
Posted Date: Thursday, September 20, 2012
The California State Assembly is considering an increase in the amount a mortgagee or its assignee must pay if they do not provide a certificate of discharge within a certain amount of time after the mortgage has been satisfied.
Massachusetts HB 4323
Posted Date: Tuesday, August 21, 2012
The Massachusetts Supreme Judicial Court shook the real estate industry in the state after making a series of potentially troubling decisions in the wake of the foreclosure crisis. To address the issues that remained after the court’s decision, the Massachusetts legislature worked quickly to adopt a new law to provide clarity to the real estate market and address disquieting foreclosure practices.
California SB 1342
Posted Date: Tuesday, August 7, 2012
California adopted legislation that will, among other things, increase the fee for recording real estate instruments, as well as expanding the definition of those instruments.
North Carolina SB 42
Posted Date: Thursday, July 12, 2012
A bill has been introduced in the Rhode Island legislature that would make residential mortgage fraud a criminal offense under state law and establish a statute of limitations for it and related crimes.
Georgia SB 365
Posted Date: Thursday, June 28, 2012
On July 1, the definition of settlement agent in Georgia will change, eliminating anyone who is not a lender or lawyer to participate in the settlement process.
New Jersey AB 3052
Posted Date: Thursday, June 14, 2012
The New Jersey legislature is considering a residential mortgage satisfaction act, placing certain requirements on mortgage holders to issue pay-off letters to facilitate the payment of residential property mortgages, clarifying who may request a pay-off letter, and providing an additional process to discharge mortgages of record.
Maryland HB 866
Posted Date: Thursday, May 31, 2012
With the governor’s signature on legislation ordering a study on the topic, the Maryland Insurance Administration will now get to work examining closing protection practices in the state.
Maryland SB 591
Posted Date: Thursday, May 31, 2012
Maryland Gov. Martin O’Malley has signed a bill that establishes procedures for affixing manufactured homes to real property and severing the manufactured home from the property.
Tennessee SB 2890
Posted Date: Thursday, May 24, 2012
Tennessee Gov. Bill Haslam signed a bill that makes it a crime for someone to file a lien on property without reasonable basis for doing so.
Maryland HB 1374
Posted Date: Tuesday, May 22, 2012
Gov. Martin O’Malley has signed a bill that allows for the option of pre-file mediation between a foreclosing party and mortgagor.
Georgia HB 333
Posted Date: Tuesday, May 8, 2012
Georgia Gov. Nathan Deal signed a bill that would amend the requirements for providing notice of a foreclosure sale in the state.
Georgia SB 331
Posted Date: Tuesday, May 8, 2012
Title insurers in Georgia can now issue closing protection letters for real estate transactions they insure and charge a fee for the service. Gov. Nathan Deal signed a bill approving legislation governing CPLs, which went into effect immediately.
Washington SB 6218
Posted Date: Tuesday, April 10, 2012
Washington Gov. Christine Gregoire signed a bill that provides additional exemptions from the requirement that all persons who engage in escrow business be licensed escrow agents.
Maryland SB 724
Posted Date: Tuesday, April 10, 2012
The Maryland General Assembly has done away with its original plan to adopt additional closing protection regulations, seeking instead a study on closing protection practices in the state.
Alabama HB 460
Posted Date: Thursday, April 5, 2012
Under a bill recently introduced in Alabama, title agents would be required to be licensed and be subject to certain education requirements.
Indiana SB 298
Posted Date: Tuesday, April 3, 2012
The Indiana legislature has passed a bill that will allow interested parties to adjudicate the rights of an omitted party in a foreclosure action and provides for the expiration of a mortgage lien if it is not enforced within a certain amount of time.
California AB 1745
Posted Date: Tuesday, April 3, 2012
The California General Assembly is considering a bill that would require lenders to follow new procedures when filing a notice of default in nonjudicial foreclosure cases.
Wyoming HB 25
Posted Date: Thursday, March 29, 2012
Wyoming has become the latest state to ban private transfer fees.
Washington, DC B19-0489
Posted Date: Tuesday, March 27, 2012
A bill amending Washington, D.C.’s current mechanic’s lien law to permit a contract to file a notice of mechanic’s lien during the construction of a project and make other changes, has passed through the D.C. Council and awaits the mayor’s signature
Alabama SB 216
Posted Date: Tuesday, March 27, 2012
This bill would provide that a person presenting a real property or personal property instrument to the judge of probate for recording shall present proof of the actual purchase price of property or actual value of the property, and that if proof is not presented, the privilege or license tax will be based upon the assessed value of the property and the person failing to submit the required proof shall be subject to monetary penalties for failure to comply with the law.
Maine LD 1881
Posted Date: Thursday, March 22, 2012
The Maine legislature introduced a bill that would prohibit any entity from reselling abstracts and deeds in digital form.
Mississippi SB 2734
Posted Date: Tuesday, March 20, 2012
The Mississippi Senate passed a bill that clarifies that public access to a public record will not be diminished because components of data are stored in a certain manner.
Missouri HB 2070
Posted Date: Tuesday, March 20, 2012
The Missouri legislature is considering several amendments to its mechanic’s lien laws, changing requirements regarding notices required under the law.
Minnesota SF 2340
Posted Date: Thursday, March 15, 2012
The Minnesota legislature is considering a bill that, if passed, would exempt certain people from the state’s closing agent licensure requirements.
Minnesota HB 1595
Posted Date: Thursday, March 15, 2012
The Minnesota legislature is considering a bill that would provide a process for unaffixing manufactured homes from real property.
South Carolina SB 1319
Posted Date: Tuesday, March 13, 2012
The South Carolina General Assembly ratified legislation that allows title insurers in the state to issue closing or settlement insurance and establish procedures for getting the premium charged for this new protection approved by the governor.
Virginia HB 1082
Posted Date: Thursday, March 8, 2012
The General Assembly of Virginia is considering a bill that would amend the amount of recordation tax a person would have to pay when recording a deed of trust on a refinance.
Iowa HF 2351
Posted Date: Thursday, March 8, 2012
The Iowa legislature is considering a bill that would adopt the Uniform Law Commission’s Revised Uniform Law on Notarial Acts.
Oklahoma SB 1299
Posted Date: Tuesday, March 6, 2012
The New Mexico legislature is considering a proposal to amend Article II of the state constitution to place the regulation of insurance companies into the hands of an elected superintendent of insurance.
New Jersey AB 1866
Posted Date: Thursday, March 1, 2012
The New Jersey legislature is considering a bill that would require mortgage holders to issue pay-off letters to facilitate the payment of residential property mortgages as well as additional processes to discharge them of record.
Alaska SB 122
Posted Date: Thursday, March 1, 2012
A bill that would require all title insurance producers working in the state to be residents of the state, as well as ban the use of private transfer fees, has been put before Alaska Gov. Sean Parnell.
Washington SB 6235
Posted Date: Wednesday, February 15, 2012
The legislature of Washington state could be amending its escrow licensing law, adding to the definition of escrow as well as exempting licensees from the Consumer Loan Act.
Illinois SB 2953
Posted Date: Wednesday, February 15, 2012
The Illinois General Assembly is considering a bill that would amend the state’s Conveyancing Act.
Illinois SB 3712
Posted Date: Tuesday, February 14, 2012
Title agents in one state may have additional registration requirements, including submitting an affidavit affirming that the applicant has never been convicted of a crime of theft or dishonesty.
New Mexico HJR 13
Posted Date: Thursday, February 9, 2012
The New Mexico legislature is considering a proposal to amend Article II of the state constitution to place the regulation of insurance companies into the hands of an elected superintendent of insurance.
Illinois SB 3180
Posted Date: Thursday, February 9, 2012
The Illinois General Assembly is considering a bill that would add an exception to the prohibition against a title insurance company making disbursement in connection with any escrows, settlements or closings out of a fiduciary trust account.
South Carolina HB 4678
Posted Date: Thursday, February 2, 2012
The General Assembly of South Carolina is considering a bill that, if passed, would allow additional parties to execute mortgage satisfactions or deed of trust releases.
Arizona HB 2682
Posted Date: Thursday, February 2, 2012
The Arizona legislature has introduced a bill that, if passed, would create additional requirements for mortgage servicers involved in foreclosure proceedings.
West Virginia HB 4250
Posted Date: Tuesday, January 31, 2012
The West Virginia legislature has introduced its version of the Uniform Real Property Electronic Recording Act, which, if passed, would allow electronic documents to be recorded in county recorders’ offices across the state.
New Jersey SB 128
Posted Date: Thursday, January 26, 2012
The New Jersey legislature has introduced a bill that, if passed, would establish residential mortgage fraud as a separate crime in the state.
Virginia HB 280
Posted Date: Tuesday, January 24, 2012
The Virginia General Assembly is considering a bill that, if passed, would allow attorneys, settlement agents and title insurance companies to file corrective affidavits if obvious description errors are found in a recorded deed.
Rhode Island HB 7059
Posted Date: Thursday, January 19, 2012
A bill has been introduced in the Rhode Island legislature that would make residential mortgage fraud a criminal offense under state law and establish a statute of limitations for it and related crimes.
Hawaii HB 1704
Posted Date: Tuesday, January 17, 2012
The Hawaii Legislature is considering a bill that will add new requirements for the title reports the title industry prepares, as well as additional penalties for not complying with these new requirements.
Va. HB 28
Posted Date: Thursday, January 12, 2012
When the Virginia General Assembly comes back in session on Jan. 11, it will be considering a recently prefiled bill regarding foreclosure sales.
Wash. HB 2163
Posted Date: Thursday, January 12, 2012
The Legislature of the State of Washington is considering a bill that would modify its foreclosure fairness act to ensure mediators’ participation.
Ill. SB 2534
Posted Date: Thursday, January 12, 2012
The Illinois General Assembly has introduced a bill that would modify the state’s mortgage foreclosure laws by adding a definition of abandoned residential property, as well as requirements and procedures for an expedited judgment and sale of abandoned residential property.
Calif. AB 407
Posted Date: Thursday, January 12, 2012
The California State Assembly is considering an increase in the amount a mortgagee or its assignee must pay if they do not provide a certificate of discharge within a certain amount of time after the mortgage has been satisfied.
Ind. SB 298
Posted Date: Thursday, January 12, 2012
A bill has been introduced in the Indiana General Assembly that would add a new section of the state’s foreclosure statutes that would protect interested and omitted parties when property gets sold at foreclosure. It also shortens the time mortgages can stay in the public record after the last installment of the secured debt before becoming expired.
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