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Relevant Information—For You, By You
Tom Wolfe, Attorney with Moore Brewer Wolfe Jones Tyler and North

NEW CALIFORNIA MORTGAGE LAWS
updated 03/04/13 07:42 PM
Legislation May Affect Your CU
A series of bills, known as the California Homeowner’s Bill of Rights, was signed by Gov. Jerry Brown in 2012. These new laws impact mortgage lending practices in California, and credit unions operating in the state should be aware of their provisions.

The bills include the following provisions:

  • Dual tracking prohibition
  • Robo-signing prohibition
  • Single point of contact
  • Borrower remedies
  • Foreclosure property buyer maintenance
  • Notice of sale to tenants
  • Mortgage modification pre-payment fees
  • Limited statewide grand jury investigations

Click here to read New California Mortgage Laws on Page 17 within the February/March edition of Credit Union Digest.

 
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STORY ON CONGRESSMAN ISSA CLARIFIED updated 07/22/14 11:53 AM
'Misrepresents Facts,' Dykstra Says
Some within the credit union industry may have read the recently published Credit Union Times article regarding remarks from Rep. Darrell Issa, R-CA, in relation to the credit union movement.

GIGI HYLAND TALKS PHILOSOPHY AT WCMS updated 07/21/14 04:11 PM
Foundation Leader Addresses Colloquium
The foundational philosophy of credit unions isn’t dead. But keeping true to the movement’s ideology means staying nimble in how it’s executed and harboring an open mind to change.

NCUA TO INCORPORATE 'RBC' COMMENTS updated 07/21/14 01:22 PM
All Audio Sessions Posted Soon
The National Credit Union Administration’s (NCUA) three listening sessions in Los Angeles, Chicago, and Alexandria, VA are finished—and the agency said it’s “incorporating comments and ideas from the sessions into its work, including the ongoing review of the agency’s proposed risk-based capital rule.”

HEARING: ROYCE ADDRESSES RBC CONCERN updated 07/18/14 11:59 AM
CU CEOs Comment on Record
Rep. Ed Royce, R-CA and a senior member of the House Financial Services Committee, recently questioned a witness on the National Credit Union Administration's risk-based capital proposal during a committee legislative hearing.