Catch up on key 2025 industry trends and takeaways as heard at the 2025 Fair Lending Forum in Washington D.C. with this short webinar recording on demand.
The Connecticut legislature has amended its laws regarding real estate closings, while the North Carolina legislature has updated the charge for a returned check. Both bills discussed here are effective October 1, 2019.
The law has been amended to provide that real estate closings may only be conducted by an attorney licensed to practice law in Connecticut.
A “real estate closing” means the closing for a mortgage loan transaction to be secured by real property, other than a home equity line of credit transaction or any other loan transaction that does not involve the issuance of a lender’s or mortgagee’s policy of title insurance in connection with such transaction; or any transaction where consideration is paid to a party to the transaction to effect a change in the ownership of real property in Connecticut.
The North Carolina legislature has increased the processing fee that a person may collect for a check that has been refused by the payor bank because of insufficient funds from $25 to $35, effective October 1, 2019.
Catch up on key 2025 industry trends and takeaways as heard at the 2025 Fair Lending Forum in Washington D.C. with this short webinar recording on demand.
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