California student loan servicers will now need to become licensed and post a surety bond. Assembly Bill 2251—called the Student Loan Servicing Act—will take effect in full on July 1, 2018. The Commissioner of the…
With the passage of House Bill 12, some depository institutions in Alaska will need to adhere to new rules regarding mortgage loan originators contracted with the institutions. House Bill 12 takes effect on January 1, 2017….
The Nationwide Multistate Licensing System (NMLS) is getting rid of the paper surety bond that has traditionally been required and will go electronic. The electronic surety bond (ESB), which will be introduced on September 12, 2016, will…
Home inspectors in Arizona should be aware of changes to their surety bond requirement. Senate Bill 1422 is in effect as of August 1, 2016, and makes some adjustments to the mandated bond. SB 1422…
Maryland Senate Bill 734 was passed earlier this summer and will take effect on October 1, 2016. The bill amends procedures for the transfer of structured settlements in the state, adding a surety bond requirement for the…