News & Analysis as of September 23, 2024

Foreclosure › Legislative Agendas

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Foreclosure is a legal process whereby a lender seeks to force the sale of a mortgaged property in order to recover the balance of a delinquent loan. Recently, the foreclosure process has been the subject of greater legislative and judicial scrutiny after systemic abuses were uncovered during the widespread foreclosure crisis resulting from the Great Recession. less -

Promissory Notes - Banking & Finance Insights: V 3, Issue 6, June 2023

Spilman Thomas & Battle, PLLC on 7/3/2023

GOP Senator Backs Marijuana Banking Bill, but Doubts Democratic Leadership Will Advance It - “Sen. Tommy Tuberville (R-AL), said that he’d be a ‘yes’ vote on the Secure and Fair Enforcement (SAFE) Banking Act if it...more

Promissory Notes - Banking & Finance Insights, Volume 2, Issue 9

Spilman Thomas & Battle, PLLC on 10/5/2022

Is SAFE Banking Act Getting Closer to Passage? Senators Agree Public Safety Issues are at Play "Sen. Jeff Merkley (D-OR), the sponsor of the SAFE Banking Act, talked about violent crime targeting marijuana businesses and...more

The Future After Forbearance: What’s Next?

Moore & Van Allen PLLC on 11/18/2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) requires lenders on all government-backed loans to provide forbearance agreements on residential loan payments for a period of 180 days to any borrower that...more

New York Senate Bill Amends Expanded Forbearance Relief Granted by Previous Bill

Ballard Spahr LLP on 6/12/2020

As noted in our alert on June 9, 2020, New York Senate Bill S8243C was delivered to the Governor on June 5, 2020. The same day, New York Senate Bill S8428 was also delivered to Governor Andrew Cuomo....more

New York Senate Bill Grants Expanded Forbearance Relief for Some New York Homeowners

Ballard Spahr LLP on 6/9/2020

On June 5, 2020, New York Senate Bill S8243C was delivered to Governor Andrew Cuomo and, if signed, will be effective immediately. The bill provides for expanded COVID-19 forbearance relief options dating back to March 7,...more

Debt Collection During and After the Pandemic: Do Certain US Legislators and Agencies Seek a Debt Collection Ice Age?

Mayer Brown on 5/28/2020

As the COVID-19 pandemic rages on, state and federal lawmakers have taken aggressive measures to protect the health and economic security of their citizens, including legislative and regulatory measures limiting or proposing...more

Financial Services Committee Proposes Additional Relief Relating To Coronavirus Pandemic

Burr & Forman on 4/17/2020

On April 6, 2020, the Chairwoman of the House Financial Services Committee, Maxine Waters, issued a broad memo outlining additional Democratic priorities for any subsequent Coronavirus relief package....more

New York legislature moves to impose new requirements on reverse mortgage industry

Hogan Lovells on 6/27/2019

Originators and servicers of HECMs who do business in New York should take action now to prepare to comply with the new bill’s requirements. Ensuring compliance may require a thorough review of commercial advertisements and...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 5/23/2018

The US House included the revised Volcker Rule that we’ve discussed in a broader package of Dodd-Frank reforms that it passed with bipartisan support last night. The bill—ostensibly aimed at easing restrictions on small to...more

Is a Foreclosure Crisis Looming in Our Nation’s Capital?

Bradley Arant Boult Cummings LLP on 3/20/2018

The District of Columbia Court of Appeals recently sent a new set of shockwaves through the mortgage industry in the nation’s capital when it released its decision in Andrea Liu v. U.S. Bank National Association. Having held...more

Weekly Update from the SC State House - May 2014: The House addressed the Ethics Reform bill while the Senate worked through the...

Nexsen Pruet, PLLC on 5/27/2014

Details from Each Chamber: HOUSE - The House worked through the Calendar this week, giving third readings to many noncontroversial bills. On Wednesday, the House adjourned debate on all bills on their calendar...more

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Foreclosure › Legislative Agendas

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