Recording of Electronic Documents
- The state of Minnesota
modified its provisions
(HF 48) regarding the
validity and time of the recording
of electronic documents. Provisions
in this bill range from effective immediately to
effective on August 1, 2017.
Changes in Dollar
Amounts - The
of Consumer Credit published (REG:
Title 160, Ch. 20, Appendix I) its annual changes in
dollar amounts for 2017. The dollar amounts, unless
otherwise noted, were effective on July 1, 2017.
Access to Digital
Assets Act - The state
of Mississippi enacted provisions (HB 849)
regarding its Revised Uniform Fiduciary
Access to Digital Assets Act. These
provisions were effective on July 1, 2017.
Proceeds of Sale - The state of
Oregon amended its provisions
(HB 2920) relating to proceeds of
sale. These provisions are effective
on January 1, 2018.
Mailing Notices - The state of Oregon modified its
provisions (SB 381) relating to the mailing of notices.
These provisions are effective on January 1, 2018.
Notaries - The Missouri
Secretary of State adopted
final provisions ( 15 CRS
30-110.010) regarding notaries that
include electronic notary definitions
as well as electronic signatures and seals. These
provisions were effective on June 30, 2017.
Mortgage Foreclosure and Sale -
The state of Rhode Island amended
its provisions (HB 5397) relating to
mortgage foreclosure and sale by
increasing the penalty for financial
institutions that fail to record foreclosure
deeds and pay outstanding taxes within
a timely manner. These provisions are
Mortgage Fraud - The state of Rhode Island
enacted provisions (HB 5695) relating to residential
mortgage fraud and false dealing. These provisions
are effective immediately.
Disclosure at Closing - The Ohio
Office of Attorney General, Consumer
Protection, adopted provisions (REG:
109:4-3-23) relating to the required
disclosure at closing. These provisions
were effective on July 20, 2017.
Licensing Provisions - The
Montana Department of
its rules (REG: ARM 2.59.1706,
.1708, .1728, .1739, .1743, 1750)
relating to surety bond, table funding, application
of financial standards and reporting forms for
mortgage servicers as well as repealing other
non-substantive rules. These provisions were
effective on July 8, 2017.
Conveying or Mortgaging
Real Estate - The state
of Michigan modified
its provisions (HB 4532) to
provide certain requirements
in written instruments conveying or mortgaging real
estate. These provisions are effective immediately.