The 2011 State Senate has authored a bill that would require, as a pre-condition to conducting a non-judicial foreclosure via a trustee’s sale, that where the beneficiary as of the sale date is not the same as the beneficiary on the origination date (i.e., the date the deed of trust was issued), a separate summary…Read More
HB2626 proposes to amend the law pertaining to trustee’s sale to include, as an additional requirement, that the Notice state that the trustee has the right to postpone the sale one or more times and that upon request the trustee shall advise interested parties of the rescheduled date and time of the trust sale. See…Read More
Even if you do not practice or regularly deal with trusts and estates, some of the proposed changes could have an impact upon you. The changes include exemptions of certain trustee communications from the attorney/client privilege; allowing a truste to appoint all of the trust estate by restating the trust; removing notice requirements for transfer…Read More
One of the bills circulating the legislature this year seeks to repeal the Escrow Recovery Fund. Upon repeal the Department of Financial Institutions would not longer be required to conduct semiannual suveys of escrow agents. All monies already in the Escrow Recovery Fund would be transferred to the general fund. No telling what will happen…Read More
A new bill that recently passed in the House would require persons seeking a business license, permit, or fingerprint clearance to provide proof of citizenship or lawful alien status. To see the complete text, click here.Read More
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