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Thought leader and industry expert, Jeanne, shares important information regarding the real estate and title industries.
E-notarization vs. Distance E-notarization
E-Notarization has been here for some time. Effective July 1, 2006, the Minnesota Legislature enacted electronic notary legislation pursuant to Minnesota Statutes 358 and 359, allowing electronic notarization to be applied to a document so that the document can be...
Acting Director Mulvaney Calls for Evidence and Public Comment on CFPB Functions
Seeks Public Input on Ways to Better Fulfill Statutory Obligations JAN 17, 2018 WASHINGTON, D.C. — The Consumer Financial Protection Bureau today announced that it is issuing a call for evidence to ensure the Bureau is fulfilling its proper and appropriate functions...
Carver County Requires Subsurface Sewage Treatment System Form
Effective January 1, 2018, Carver County requires on all sales a Subsurface Sewage System Treatment Form along with the certificate of real estate value, to be presented to the county auditor's office. While I think it's a good idea to handle such things at the time...
Don’t Believe Those Online e-Notarize Ads
In Minnesota and other states, electronic notarization (e-Notarization) is moving fast. But DO NOT BELIEVE THE ADS. It is complicated. Each state has its own laws, rules, and especially its own legal terminology. In Minnesota, a notary may perform electronic notarial...
eClosing and buying a home: Technology’s role in closing on a mortgage
CFPB POST Technology is transforming everything; it is changing the way we communicate, the way we access goods and services, and even the way we purchase homes. Soon, more and more consumers may increasingly find themselves being offered technology that allows them...
National Association of Realtors on the Tax Cuts and Jobs Act – What it means for Americans
The National Association of REALTORS® (NAR) worked throughout the tax reform process to preserve the existing tax benefits of homeownership and real estate investment, as well as to ensure real estate professionals would benefit from proposed tax cuts. Many of the...
CFPB Announces New HMDA Tool
CFPB Regulatory Implementation Team Consumer Financial Protection Bureau The Bureau is pleased to announce the launch of the HMDA Check Digit Tool and Rate Spread Calculator. The CFPB provides the new Rate Spread Calculator for use with data collected in or after...
HUD Releases Guide to Help Struggling Homeowners Avoid Foreclosure
Press Relelase December 20, 2017 The U.S. Department of Housing and Urban Development today released the Homeowners Guide to Success as part of a public-private partnership between federal agencies and industry partners. The guide provides homeowners with information...
Reimagining Land Records and GIS
An event, "Reimagine Land Records - Join the Conversation" orchestrated by the Legislative Committee of the Minnesota State Bar Association, Real Property Section, took place on October 20th. In attendance were an assortment of County Recorders and other County...
CFPB Announces Beta Launch of new HMDA Platform
The CFPB is pleased to announce the beta launch of the new HMDA Platform. The main objective of the beta release is to provide financial institutions an opportunity to become familiar with the HMDA Platform and, in particular, determine whether their sample LAR data...
CFPB Charges Title Company with $1.25 million Dollar Fine
The CFPB takes RESPA matters seriously. While many states, like Minnesota, require a disclosure form describing the relationship between lenders, real estate agents, title companies, appraisers, etc., those who do not disclose those relationships are up for serious...
CFPB Issues Summary of Changes and Clarifications to TRID
To support implementation of the recently issued 2017 TILA-RESPA Rule, the Bureau has issued a Detailed Summary of Changes and Clarifications. You can access the Detailed Summary of Changes and Clarifications here.