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Alerts

Alerts / 9 October 2019

Ohio Recording Fees to Increase Statewide - Effective October 17, 2019

Ohio's 2,602 page budget bill recently signed by the Governor, includes an increase in fees to be charged by Ohio's County Recorders, effective October 17, 2019, for recording real estate documents.
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Alerts / 3 October 2019

Illinois Governor Signs the Consumer Fairness Act - Taking Effect on January 1, 2020

Illinois Governor J.B. Pritzker signed House Bill 88, known as the Consumer Fairness Act, which reduces the applicable interest rate and shortens the period a judgment creditor can enforce its consumer debt judgment.
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Alerts / 5 April 2019

Now in Effect: New Requirements for Reporting Elder Abuse in Ohio

Ohio's Adult Protective Services statutes have long been on the books, however, few changes have been implemented as those that became effective March 20, 2019. Healthcare providers, creditors, lending institutions, and other individuals that regularly interact with elderly citizens will need to abide by newly expanded
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Alerts / 21 March 2019

No Joke: The Ohio Statutory Exemption is Increasing on April 1st - Is Your Organization Ready?

Starting April 1, 2019, the value of property exempt from execution, garnishment, attachment, or sale under Ohio Revised Code 2329.66 will increase. This is done every three years, and intended to increase alongside the cost of living.
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Alerts / 17 January 2019

An Analysis of Ohio's New Requirements for Private Selling Officers, Junior Lienholders, and Mortgage Servicers

Ohio House Bills 480 and 489 were among the 32 bills signed into law by Governor Kasich on December 19, 2018. The new laws will take effect 91 days thereafter. H.B. 480 amends certain provisions regarding foreclosure sales by court-authorized private selling officers.
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Alerts / 20 December 2018

Coming Soon in Ohio: Online Notarizations

The Ohio legislature has passed Sub. S.B. 263, the Notary Public Modernization Act, for the Governor's signature. The bill will allow a notary public to obtain an electronic seal and electronic signature, and allow document signers to appear before the notary by means of live two-way audio-video communication.
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Alerts / 25 May 2018

The Dodd-Frank Amendments and the Resurrection of the Protecting Tenants at Foreclosure Act

On May 24, 2018, President Trump signed into law the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Dodd-Frank Amendments), amending the Dodd-Frank Act. The most widely reported objective of the amendments was to make it easier for banks to lend to creditworthy customers...
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Alerts / 11 April 2018

The CFPB is About to Enact New Requirements for Mortgage Servicers - Is Your Organization Prepared?

On April 19th, changes made by the Consumer Financial Protection Bureau (CFPB) via the Mortgage Servicing Final Rule to Regulation Z will take effect, and mortgage servicers will be required to make changes to the periodic statements or coupon books that they send to borrowers who have filed bankruptcy.
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Alerts / 31 August 2017

Are You Prepared for Upcoming Changes to the Federal Rules of Bankruptcy Procedure?

Beginning on December 1, 2017, creditors and their counsel will be operating under many new rules governing the practice of consumer bankruptcy law.
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Alerts / 29 August 2017

Pattern of Inaccurate Filings in Bankruptcy Cases Results in $15 Million OCC Civil Penalty for Financial Institution

On April 25, 2017, in a proceeding before the Office of the Comptroller of the Currency (OCC), one of the largest financial institutions in the U.S. entered into a Consent Order for a Civil Money Penalty, which included a payment of $15 million to the Department of the Treasury...
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