StateLink® Compliance Topics

StateLink offers convenient and quick access to information on a variety of topics pertaining to first and closed-end second mortgages, including:

• Advertising Regulations:  Includes all regulations—state, federal, and consumer—regarding advertising by mortgage lenders, brokers, bankers, or banks.
  
  
• Brokers:  Features laws and regulations specific to mortgage brokers. This section also provides contact information for the state's regulatory agency.
  
  
• Disclosures:  Provides detailed information on disclosures required by the state for origination, processing, closing, and post-closing.
  
  
• Escrow:  Outlines regulations relating to the creation and maintenance of an impound/escrow account and items such as mortgage insurance, taxes, flood insurance, property insurance, and condominium insurance.
  
  
• Fees:  Includes guidelines for the collection of allowable fees, minimums/maximums and required disclosures of fees.
  
  
• Foreclosure:  Identifies the state's type of foreclosure and related laws and procedures.
  
  
• Late Charges:  Outlines the state's late charge regulations and applicable minimum/maximum amounts.
  
  
• Loan Servicing:  Describes regulations regarding assignments, reconveyances, discharges, releases, transfer of servicing and payoffs.
  
  
• Notary Requirements:  Lists requirements for seals, stamps, acknowledgments, and duties.
  
  
• Predatory Lending:  Provides the current regulations concerning high-cost and covered loans.
  
  
• Record Retention:  Covers proper retention methodology, such as length of time and location.
  
  
• Recording Requirements:  Lists document requirements such as format, margins, addresses, parcel identification numbers, and witness requirements.
  
  
• State License:  Specifies rules concerning exemptions, filing, trust accounts, prohibitions, examinations, annual reports, bonds, and fees.
  
  
• Trustees:  Presents requirements such as fees, residency requirements, and number.
  
  
• Updates:  Displays revisions and updates by state and date.
  
  
• Transaction Specific Notice:  Provides various state-specific notices that may be required on notes, mortgages, or deed of trust documents and suggests placement of the text.