Recent Updates:

Update Date: 2/8/2010
Oregon Notary Fees
160-100-0400: Maximum Amount of Notary Fees Permitted to be Charged

Oregon has established maximum fees for notaries. Oregon also requires notaries to post their fees, or provide a notice to any person to be read before the notarial act is performed.

Link to full document »

Update Date: 2/5/2010
Arkansas Issues the Revised Rules under the Fair Mortgage Lending Act
Rule 5001: Title

The Arkansas Securities Department adopts rules for implementation of the Fair Mortgage Lending Act for licensees in keeping with SAFE Act requirements.

Link to full document »

Update Date: 2/5/2010
Rhode Island Division of Banking Promulgates Mortgage Foreclosure Disclosure Requirements and Form
Banking Regulation 5: Mortgage Foreclosure Disclosure

In keeping with the requirements of R.I. Gen. Laws § 34-27-3.1, the state of Rhode Island Department of Banking issued an emergency regulation to provide the promulgated form and requirements for the Mortgage Foreclosure Disclosure. The notice implemented by this Regulation informs individual consumer mortgagors of their default, of the mortgagee’s right to foreclose, and the availability of counseling for mortgagors through HUD-approved counseling agencies in Rhode Island. R.I. Gen. Laws § 34-27-3.1 and this Regulation applies to all entities and individuals subject to regulation and supervision by the Rhode Island Division of Banking (“Division”) as well as to any mortgagee holding a loan secured by residential real estate located in Rhode Island. The effective date of the new disclosure is March 6, 2010.

Link to full document »

Update Date: 2/4/2010
MPF Announces Guide Enhancements
PFI Notice 2010-1 (02/04/10)

The MPF Program announces the following enhancements to their Origination, Underwriting and Servicing Guides:

Condominium Project Eligibility Determination

PFI Annual Eligibility Certification Requirements

Automated Loss Mitigation Systems

Other Miscellaneous Revisions

Link to full document »

Update Date: 2/4/2010
Ginnie Mae Reminds Issuers of Increased Net Worth
Memo 10-02: Increased Net Worth Reminder (02/02/10)

Reminds Issuers that pursuant to APM 08-17 dated September 12, 2008, all Issuers must comply with the increased minimum net worth requirements.

Link to full document »

Update Date: 2/4/2010
Ginnie Mae Clarifies Loan Modification Guidelines
Memo 10-01: Clarification of Ginnie Mae’s Role Regarding Loan Modifications (02/02/10)

Ginnie Mae clarifies Ginnie Mae’s role regarding loan modifications and requests that Issuers appropriately instruct their servicing representatives in order to avoid the dissemination of misinformation.

Link to full document »

Update Date: 2/4/2010
VA Extends Rescission Date of Circular 26-08-3
CIRC. 26-08-3, CHANGE 1: PROCESSING TRANSFERS OF OWNERSHIP UNDER VALERI (02/03/10)

VA extends the rescission date of Circular 26-08-3 from January 1, 2010 to January 1, 2012.

Link to full document »

Update Date: 2/4/2010
Freddie Mac Announces Guide Bulletin 2010-3 (Home Affordable Modification Program)
Bulletin 2010-3: Home Affordable Modification Program (02/04/10)

With Single-Family Seller/Servicer Guide Bulletin 2010-3 (Home Affordable Modification Program), Freddie Mac is providing additional guidance with respect to U.S. Department of the Treasury HAMP Supplemental Directive 10-01 (Program Update and Resolution of Active Trial Modifications)

Link to full document »

Update Date: 2/4/2010
Fannie Mae Provides Guidance on HAMP
Ann. SVC-2010-03: Home Affordable Modification Program – Program Update and Resolution of Active Trial Modifications (02/04/10)

Fannie Mae provides guidance to assist servicers in making Home Affordable Modification Program (HAMP) eligibility determinations for borrowers currently in active trial period plans, including those borrowers subject to the temporary review period of Supplemental Directive 09-10.

Link to full document »

Update Date: 2/4/2010
HUD Addresses Mortgage Limits for Multifamily Housing Programs
75 FR 5800: ANNUAL INDEXING OF BASIC STATUTORY MORTGAGE LIMITS FOR MULTIFAMILY HOUSING PROGRAMS (02/04/10)

HUD addresses the adjustment of the basic statutory mortgage limits for multifamily housing programs for calendar year 2010.

Link to full document »

Update Date: 2/4/2010
HUD Reopens Federal Housing Administration: Insurance for Manufactured Housing Public Comment Period
75 FR 5706: FEDERAL HOUSING ADMINISTRATION: INSURANCE FOR MANUFACTURED HOUSING: REOPENING OF PUBLIC COMMENT PERIOD (02/04/10)

HUD reopens the comment period for the proposed rule entitled Federal Housing Administration: Insurance for Manufactured Housing to present an additional issue for consideration in relation to the September 2008 proposed rule and to solicit public comment only on this additional issue. Comment Due Date: March 8, 2010.

Link to full document »

Update Date: 2/4/2010
Florida Electronic Notary Requirements
1N-5.001: Definitions

The Florida Division of Corporations updated notary guidelines for acceptance of electronic notarizations.

Link to full document »

Update Date: 2/3/2010
Ohio Enacts Changes to Implementation Dates for Licensing under the SAFE Act
Senate Bill 124

Ohio enacted Senate Bill 124 which revises implementation dates relative to provisions regarding compliance with licensing of mortgage brokers, mortgage lenders and loan originators in keeping with the SAFE Act. The bill makes additional changes to language enacted under House Bill 1. The bill was enacted as an emergency measure and has an immediate effective date.

Link to full document »

Update Date: 2/3/2010
CalPERS Provides Guidance on Loan Modification
Bulletin 10-02: Modification of Non-Agency Mortgage Loans (02-02-10)

In anticipation of upcoming changes, CalPERS provides additional guidance on the Member Home Loan Program (MHLP) related to the modification of Non-Agency mortgage loans.

Link to full document »

Update Date: 2/2/2010
Fannie Mae introduces Imminent Default Guidance
Ann. SVC-2010-02: Update to Imminent Default Guidance for Mortgage Loans Evaluated for the Home Affordable Modification Program (02/01/10)

Introduces the use of Freddie Mac's Imminent Default Indicator^TM (IDI) through Fannie Mae’s HomeSaver Solutions^® Network (HSSN) which requires the use of verified income documentation before entering the borrower into a trial period plan, and changes the amount of maximum cash reserves that are allowed in the imminent default screen as outlined in Announcement 09-05R, Reissuance of the Introduction of the Home Affordable Modification Program, HomeSaver Forbearance^TM, and New Workout Hierarchy.

Link to full document »

Update Date: 2/2/2010
HUD Announces Debenture Interest Rate Changes
75 FR 5339: MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER THE NATIONAL HOUSING ACT—DEBENTURE INTEREST RATES (02/02/10)

Announces changes in interest rates to be paid on debentures issued with respect to a loan or mortgage insured by the Federal Housing Administration under the provisions of the National Housing Act (the Act).

Link to full document »

Update Date: 2/2/2010
Agencies Amend General Risk-based and Advanced Risk-based Capital Guidelines
75 FR 4636: Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance: Regulatory Capital; Impact of Modifications to Generally Accepted Accounting Principles; Consolidation of Asset-Backed Commercial Paper Programs; and Other Related Issues (01/28/10)

The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Fed), Federal Deposit Insurance Corporation (FDIC), and the Office of Thrift Supervision (OTS) (collectively, the agencies) are amending their general risk-based and advanced risk-based capital adequacy frameworks. This rule is effective March 29, 2010. Banking organizations may elect to comply with this final rule as of the beginning of their first annual reporting period that begins after November 15, 2009.

Link to full document »

Update Date: 2/1/2010
HUD Issues New FAQ for RESPA Final Rule
New RESPA Rule FAQs (01/28/10)

HUD issues a new Frequently Asked Questions (FAQ) report regarding the implementation of the RESPA Final Rule.

Link to full document »

Update Date: 2/1/2010
Single Family Mortgagee Letter Synopsis from AllRegs
ML 2010-05: FHA Announces Nonprofit Data Management System

This synopsis is intended as a "snap-shot" of Mortgagee Letter 2010-05.

Link to full document »

Update Date: 2/1/2010
Fannie Mae Multifamily Updates Contractual Relationship and Base Underwriting Requirements
DUS Guide Update 10-01: Update to Multifamily Guide Contractual Relationship and Base Underwriting Requirements (01/29/10)

Updates Multifamily Underwriting Standards; changes to the Acceptable Collateral for Restricted Liquidity, Reserve Permitted Investments and Reserve Investment Guidelines for Acceptable Collateral, and Letters of Credit Sections of the Multifamily Guide.

Link to full document »

Update Date: 1/29/2010
HUD Issues Proposed Rule to the Hospital Mortgage Insurance Program
75 FR 4964: FEDERAL HOUSING ADMINISTRATION (FHA): HOSPITAL MORTGAGE INSURANCE PROGRAM — REFINANCING HOSPITAL LOANS (01/29/10)

HUD proposes to revise refinance requirements for FHA’s Section 242 Hospital Mortgage Insurance Program (Section 242 program). Comments are due March 30, 2010.

Link to full document »

Update Date: 1/28/2010
FHA Single Family Implements Nonprofit Data Management System
ML 2010-05: Announcement of the FHA Nonprofit Data Management System (01/28/10)

FHA implements the Nonprofit Data Management System (NPDMS), an automated web-based program management tool. NPDMS is designed to improve the application, recertification, and reporting process for organizations that participate in the Office of Single Family Housing (OSFH) activities and to assist HUD staff with the daily administration of FHA’s Nonprofit Program activities.

Link to full document »

Update Date: 1/28/2010
Freddie Mac Announces Guide Bulletin 2010-2 (FHA Condominium Project Approvals)
Bulletin 2010-2: FHA Condominium Project Approvals (01/28/10)

With Single-Family Seller/Servicer Guide Bulletin 2010-02, (FHA Condominium Project Approvals), Freddie Mac is revising the Guide to provide that Sellers may only use FHA Condominium Project approval to determine that Mortgages secured by units in Condominium Projects are eligible for sale to Freddie Mac for the following Mortgage types:

FHA Mortgages

VA Mortgages

Section 502 Guaranteed Rural Housing (GRH) Mortgages

U.S. Department of Housing and Urban Development (HUD) Guaranteed Section 184 Native American Mortgages

Link to full document »

Update Date: 1/26/2010
Single Family Mortgagee Letter Synopsis from AllRegs
ML 2010-04: FHA Provides Loss Mitigation Guidance for Borrowers Facing Imminent Default

This synopsis is intended as a "snap-shot" of Mortgagee Letter 2010-04.

Link to full document »

Update Date: 1/26/2010
Freddie Mac Announces Guide Bulletin 2010-1 (Home Affordable Modification Program)
Bulletin 2010-1: Home Affordable Modification Program (01/26/10)

With Single-Family Seller/Servicer Guide Bulletin 2010-1, Freddie Mac announces information on the Home Affordable Modification Program (HAMP), which includes Freddie Mac’s new Imminent Default Indicator^TM, important imminent default requirements and recent U.S. Department of the Treasury announcements.

Link to full document »

Update Date: 1/26/2010
CalPERS Announces Updates
Bulletin 10-01: Multiple Subjects (01-22-10)

CalPERS announces updates and clarifications in regards to GSE Loan Numbers, Reporting Requirements, MHA Audits and Fannie Mae Announcements 09-35, 09-36, and 09-38.

Link to full document »

Update Date: 1/25/2010
FHA Single Family Provides Guidance to FHA-Approved Servicers
ML 2010-04: Loss Mitigation for Imminent Default (1/22/10)

FHA defines imminent default and provides guidance to FHA-Approved servicers on how to assist defaulted FHA borrowers avoid foreclosure.

Link to full document »

Update Date: 1/25/2010
Single Family Mortgagee Letter Synopsis from AllRegs
ML 2010-03: FHA Extends Procedures for Terminating Underwriting Authority

This synopsis is intended as a "snap-shot" of Mortgagee Letter 2010-03.

Link to full document »

Update Date: 1/25/2010
Single Family Mortgagee Letter Synopsis from AllRegs
ML 2010-02: FHA Increases Upfront Mortgage Insurance Premiums

This synopsis is intended as a "snap-shot" of Mortgagee Letter 2010-02.

Link to full document »

Update Date: 1/25/2010
FHA Multifamily Revises Protocol for Placing Flags in APPS
H 10-04: Revised Protocol for Placing a Flag in the Active Partners Performance System (APPS) When a Property Receives a Physical Inspection Score Below 60 but Above 30 (01/22/10)

FHA Multifamily revises the current protocol for placing flags in the Active Partners Performance System (APPS) when a property receives a physical inspection score that is below 60 but above 30.

Link to full document »

Update Date: 1/25/2010
HUD Requests Public Comment on Multifamily Rental Project Closing Documents
75 FR 3544: HUD MULTIFAMILY RENTAL PROJECT CLOSING DOCUMENTS: PROPOSED REVISIONS AND UPDATES AND NOTICE OF INFORMATION COLLECTION (01/21/10)

HUD issues for public comment a comprehensive set of revised closing documents for use in Federal Housing Administration (FHA) multifamily rental projects. Comment Due Date: March 22, 2010.

Link to full document »

Update Date: 1/21/2010
FHA Single Family Addresses Extended Procedures for Terminating Underwriting Authority
ML 2010-03: Mortgagee Approval for Single Family Programs – Extended Procedures for Terminating Underwriting Authority (01/21/10)

FHA advises that the Department of Housing and Urban Development (HUD) will be using its regulatory authority to terminate a mortgagee’s authorization to underwrite single family loans in geographic areas where the lender has a high rate of early defaults and claims.

Link to full document »

Update Date: 1/21/2010
FHA Single Family Announces Increase in Upfront Premiums
ML 2010-02: Increase in Upfront Premiums for FHA Mortgage Insurance (01/21/10)

FHA announces an increase in upfront mortgage insurance premiums for purchase money and refinance transactions, including FHA-to-FHA credit-qualifying and non-credit qualifying streamlined refinance transactions.

Link to full document »

Update Date: 1/21/2010
Massachusetts Division of Banks Revises Regulations Applicable to Mortgage Lender, Mortgage Broker and Mortgage Loan Originator Licensing
209 CMR 41.00: The Licensing of Mortgage Loan Originators

The Massachusetts Division of Banks adopted an emergency rule to amend regulations 209 CMR 41 and 209 CMR 42 in keeping with MA Gen Laws 255F, for licensing provisions regarding mortgage loan originators, mortgage lenders and mortgage brokers. AllRegs has updated the Massachusetts regulations to reflect these changes.

AllRegs has updated a number of sections in the regulation as a result of these changes. Follow the link below to view the changed chapter:

Link to full document »

Update Date: 1/20/2010
Fannie Mae Multifamily Announces Modification and Form Revisions
LM 10-03: Creditors’ Rights Endorsement, Certificate of Borrower and Underwriting Certificate (01/20/10)

Announces a change to the requirement to obtain a Creditors’ Rights Endorsement to the Title Policy in certain states and, separately, the publication of a revised Certificate of Borrower (Form 4518, Form 4518-MHC and Form 4518-IDOT), Certificate of Guarantor (Form 4534) and Underwriting Certificate (Borrower) (Form 4667.Borrower).

Link to full document »

Update Date: 1/20/2010
Agencies Issue Final Rules on Fair Credit Reporting Risk-Based Pricing Regulations
75 FR 2724: Fair Credit Reporting Risk-Based Pricing Regulations (01/15/10)

The Board of Governors of the Federal Reserve System and Federal Trade Commission issue joint final rules implementing the risk-based pricing provisions of the FACT Act. The final rules require creditors to provide a risk based-pricing notice to consumers when the creditor uses a consumer report to grant or extend credit on material terms that are less than favorable than the most favorable terms available to a substantial portion of consumers from or through that creditor. These rules are effective on January 1, 2011.

Link to full document »

Update Date: 1/19/2010
Illinois Public Act 96-0856 includes revisions to Notice of Foreclosure and Report of Sale procedures, and expansion of the Predatory Lending Database Program.
Senate Bill 1894: Real Estate License Act

Illinois now requires the notice of foreclosure to be mailed to the appropriate municipality or county office. The confirmation order of sale of the property must also be provided to the appropriate municipality or county office. The predatory lending database program currently in effect in Cook County will expand to include Kane, Peoria and Will Counties. The date of expansion of the program to Kane, Peoria, and Will counties will be July 1, 2010.

Link to full document »

Update Date: 1/19/2010
Rhode Island Adds Required Notice Prior to Initiating Foreclosure Proceedings
Senate Bill 1002: Foreclosure Notice

Effective March 4, 2010, the state of Rhode Island requires foreclosing mortgagees to provide notice of default and the mortgagee's right to foreclose by mail; provides for foreclosure counseling and for written notice of availability to be mailed to the mortgagor prior to initiating foreclosure proceedings; relates to HUD-approved mortgage counseling agencies; provides that failure to provide such information shall render the foreclosure void.

Link to full document »

Update Date: 1/15/2010
Washington Adds Fee Restrictions for Junior Lien Loans Under the Consumer Loan Act
WAC 208-620-515

On December 22, 2009, The Washington Department of Financial Institutions adopted an emergency rule regarding unreasonable fees under the Consumer Loan Act. The rule primarily was passed regarding payday loans, but has provisions changing fee restrictions for junior lien loans, specifically open-end loans, made under the Consumer Loan Act.

Link to full document »

Update Date: 1/15/2010
llinois amends Mortgage Escrow Account Act requirements
Senate Bill 253

The Mortgage Escrow Account Act is amended with the addition of definitions for the terms “Homeownership Preservation Program” and “Subprime Mortgage Lender” and by establishing certain guidelines for mortgage loans made by a subprime mortgage lender in compliance with the requirements for higher-priced mortgage loans and for the termination of escrow accounts upon a borrower's request. It also provides guidelines relative to a refinance or modification made by a subprime mortgage lender under a homeownership preservation program, and the circumstances under which the escrow account can be terminated.

Link to full document »

Update Date: 1/15/2010
Fannie Mae Updates Reverse Mortgage Requirements
Ann. SVC-2010-01: Trial Balance Reconciliation Requirements for Reverse Mortgage Loans (01/15/10)

Fannie Mae announces updates to reverse mortgage reporting and reconciliation requirements. The following will be updated:

Reporting Requirements

New Assessments for Non-Compliance of Reporting

Reconciliation Requirements

Link to full document »

Update Date: 1/14/2010
FHA Multifamily Extends Processing for Pre-Application Firm Invitations and Commitments
ML 2010-01: Extension of Authority for Processing Pre-application Firm Invitation and Firm Commitment Extension Requests (01/11/10)

FHA Multifamily extends the special authority for processing Pre-application Firm Invitation and Firm Commitment extension requests established by Mortgagee Letter 2009-20 for a period of one year from the publication date of this Mortgagee Letter.

Link to full document »

Update Date: 1/13/2010
HUD Issues Interim Rule on H4H Program
75 FR 1686: HOPE FOR HOMEOWNERS PROGRAM; STATUTORY TRANSFER OF PROGRAM AUTHORITY TO HUD AND CONFORMING AMENDMENTS TO ADOPT RECENTLY ENACTED STATUTORY CHANGES (01/12/10)

Issues interim rule that implements changes made to the HOPE for Homeowners (H4H) program by the recently enacted Helping Family Save Their Homes Act of 2009 and transfers program responsibility for the H4H program to the Secretary of HUD. Effective March 15, 2010. Comments due March 15, 2010.

Link to full document »

Update Date: 1/12/2010
Wyoming Department of Audit Revises Residential Mortgage Practices Regulation and Uniform Consumer Credit Code Regulation
WY - 5142: Rulemaking for Mortgage Lending

For those individuals licensed as mortgage loan originators and brokers under the Residential Mortgage Practices Act and the Uniform Consumer Credit Code, the regulations have been revised regarding; surety bond requirements, license renewal fees, consequences and procedures for late renewal of license.

Link to full document »

Update Date: 1/12/2010
Fannie Mae Multifamily Announces Changes to Forward Executions
LM 10-02: Forward Executions (01/12/10)

Fannie Mae announces Unfunded Forward Commitments Without Rate Lock will no longer be offered as a financing method, Standby MBS execution must be used instead; changes to the delivery deadline for submissions requesting approval of Forward conversions; and reminds lenders that all Forward Commitments require Fannie Mae pre-review.

Link to full document »

Update Date: 1/12/2010
Fannie Mae Multifamily Issues Reminder of Updates to the HCD IE Portal
LM 10-01: Updates to HCD IE Portal for Operating Statements and advance 30 day notification (01/06/10)

Fannie Mae reminds servicers of the upcoming changes to the HCD IE Portal for Operating Statements effective for February 19, 2010 and provides a list of frequently asked questions.

Link to full document »

Update Date: 1/12/2010
FHA Multifamily Provides FY 2009 Annual Operations Cost Standards
H 10-03: Fiscal Year 2009 Annual Operating Cost Standards – Section 202 Supportive Housing for the Elderly and Section 811 Supportive Housing for Persons with Disabilities Programs (01/11/10)

FHA Multifamily provides Operating Cost Standards (OCS) for Fiscal Year 2009 for Section 202 Supportive Housing for the Elderly and Section 811 Supportive Housing for Persons with Disabilities Programs.

Link to full document »

Update Date: 1/12/2010
FHA Multifamily Provides Requirements for the EIV and You Brochure
H 10-02: Enterprise Income Verification (EIV) & You Brochure - Requirements for Distribution and Use (01/11/10)

FHA Multifamily provides requirements to owners and management agents on the Enterprise Income Verification (EIV) & You brochure. The EIV & You brochure is used to inform tenants and potential tenants about the EIV system, the data that is available about them in EIV, how the information will be used, and their responsibilities as a tenant.

Link to full document »

Update Date: 1/12/2010
FHA Multifamily Extends Authority for Processing Pre-Application Firm Invitations and Commitments
H 10-01: Extension of Authority for Processing Pre-application Firm Invitation and Firm Commitment Extension Requests (01/11/10)

Link to full document »

Update Date: 1/12/2010
VA Extends Rescission Date of Circular 26-09-17
CIRC. 26-09-17, CHANGE 1: INTERIM PROCESS FOR PRE-APPROVAL OF LOAN MODIFICATIONS ON CURRENT LOANS (01/11/10)

VA extends the rescission date of Circular 26-09-17 from January 1, 2012 to January 1, 2014. Circular 26-09-17 provides information regarding an interim process for the pre-approval of modifications on current loans while developing an automated solution.

Link to full document »

Update Date: 1/12/2010
CalPERS Announces Updates
Bulletin 09-13: Multiple Subjects (12-18-09)

CalPERS announces updates to DU and LP versions, appraiser eligibility, requests for the return of recorded documents and a new registration fax number.

Link to full document »

Update Date: 1/11/2010
VA Provides Instructions for the Making Home Affordable Program
CIRC. 26-10-02: VA MAKING HOME AFFORDABLE PROGRAM (01/08/10)

Provides authority and instructions for modifying VA-guaranteed home loans in accordance with the President’s Making Home Affordable (MHA) program. These new procedures will be effective February 1, 2010.

Link to full document »

AllRegs - Privacy Statement

Mortgage Resource Center, Inc. d/b/a AllRegs (“AllRegs”) respects the privacy of its customers and users of this web site (the “Site”). This Privacy Statement discloses how we collect and use information on the Site, and the choices that you can make about the way your information is collected and used.

1. INFORMATION COLLECTION AND USE

Some portions of the Site request that you affirmatively provide information, sometimes personally identifiable information. In general, AllRegs uses the information you provide for the purposes stated at the point of collection. For example, if you register for e-Alerts, the information that you provide will primarily be used to provide e-mail e-Alerts to you, or if you provide information to sign up for an audio conference, that information is primarily used to provide you with access to that audio conference. AllRegs may also use information that you provide to contact you with opportunities to receive information from AllRegs, suppliers, or other third parties which may be of interest to you, including information relating to new products or services offered on the Site or otherwise by AllRegs, or suppliers or third parties. You may opt out of receiving such information under the procedures described in Section 2 below.

Sale of Information / Assets

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Cookies/IP Addresses

You may access certain areas of the Site without affirmatively providing any information to AllRegs. AllRegs may, however, collect non-personal information about you via “cookies”.
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AllRegs may collect and use users’ Internet Protocol or “IP” Addresses and other site usage data to gather broad demographic information. This data helps AllRegs serve you by allowing AllRegs to understand how visitors use the Site. AllRegs generally does not use IP addresses to identify a user. AllRegs, however, may use IP addresses to identify a user when we feel it is necessary to enforce compliance with the Site’s Terms of Use (or other agreements with AllRegs to which such a user is a party) or to protect our services, the Site, our customers or others, or in response to requests or subpoenas by law-enforcement authorities.

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The Site provides users who have requested information from AllRegs the opportunity to opt-out of receiving future communications from us. If you do not wish to receive future communications from us, please e-mail your request to help@allregs.com.

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Often, AllRegs will not retain personal data it has collected from its users via the Site. Nevertheless, you may request access to any data about you that AllRegs has collected and stored by sending a request to the following email address: help@allregs.com. If you believe that an error has been made in the accuracy of the data collected from you, you may request that the information be corrected by sending a request to the addresses below. AllRegs will correct the error upon adequate verification of the error and the identity of the person seeking the correction. In order to protect your privacy and security, we may need to take reasonable steps to verify your identity before granting access or making corrections.

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Children and Privacy

The Site is not intended for use by children. AllRegs encourages parents and guardians to be familiar with the web sites that their children visit. The Federal Trade Commission (“FTC”) regulates the means by which web site operators collect and use personal information from children under 13, pursuant to the Children’s Online Privacy Protection Act of 1998 (the “Act”). For more information about the Act and children’s on-line privacy in general, visit the FTC’s web site at http://www.ftc.gov.

Forums

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Links to Other Sites

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Disclaimer of Liability

Under no circumstances shall AllRegs be liable for any damages, including, but not limited to, indirect, special, incidental, consequential or exemplary damages, that result from the use of the information or materials posted to or collected as a result of the user’s accessing the Site, even if AllRegs has been advised of the possibility of such damages. This and the other sections in this Privacy Statement should be read in conjunction with and are subject to the Terms of Use for the AllRegs Site.

6. ENFORCEMENT/REDRESS

If for some reason you believe that AllRegs has not adhered to the Privacy Statement, please notify us at the addresses below. AllRegs will endeavor to respond to your concerns and, when appropriate, take steps to correct a problem.

7. CONTACT INFORMATION

If you have any questions about this Privacy Statement, the practices of this Site, or your dealings with this Site, you may contact us by:

sending an e-mail request to help@allregs.com; or
sending a letter via the U.S. Mail to:

Web Site Administrator
AllRegs
2975 Lone Oak Drive, Suite 140
Eagan, MN 55121

DATE OF LAST MODIFICATION
September 18, 2006

AllRegs - Web Site Terms of Use

Mortgage Resource Center, Inc. d/b/a AllRegs (“AllRegs”) operates this web site (the “Site”) to provide online access to and information about its products and services. By accessing and using the Site, you agree to each of the terms of use set forth herein (the “Terms of Use”). If you do not agree with any of the Terms of Use, you are not authorized to access or use the Site for any purpose.

Additional terms and conditions may apply to access or use of specific areas of the Site or particular content, subscriptions, software or to effect certain transactions. Such additional terms and conditions are posted in the applicable areas of the Site or provided in conjunction with such content, subscriptions, software or transactions. Please note that if you are a registered user of AllRegs, your use of the Site and the Content is subject to the terms and conditions of the applicable Service Agreement between you and AllRegs. Although the Terms of Use are incorporated by reference into such Service Agreement, to the extent there are any inconsistencies between the provisions in the Service Agreement and the provisions in these Terms of Use, the provisions of the Service Agreement shall control.

These Terms of Use, together with applicable additional terms and conditions, are referred to as the “Agreement.” AllRegs reserves the right to modify this Agreement at any time. Your use of the Site following any such modification constitutes your agreement to follow and be bound by this Agreement as modified.

1. INTELLECTUAL PROPERTY

The Site, and all information and/or content that can be seen, heard or otherwise experienced on the Site, including without limitation all reports, text, video, graphics, audio, and other materials (collectively, the “Content”) are protected by U.S. and international copyright, trademark and other laws, and belong to AllRegs or to third parties. You acknowledge that the Site and Content contain works of authorship of AllRegs and its licensors and, in addition, embody the selection, coordination and arrangement by AllRegs of pre-existing materials and original works of authorship created by AllRegs in enhancements thereto through the investment of substantial monetary and other resources. You agree at all times to treat the Site and Content as proprietary information of AllRegs and to comply fully with the limitations on use contained herein.

You agree not to use the Site or the Content for any purpose other than as a general reference and research tool. You agree that you shall use the Site and the Content for their intended purpose and shall not use the Site or Content for any purpose other than as specifically described in this Agreement. In no event shall you access or use the Site or Content for the purpose or benefit of any third party, nor shall you access or use the Site or Content to provide consultation, advice, or service of any kind to any third party. Unless otherwise restricted by AllRegs or any third party (with respect to such third party’s content on the Site), you may, on a limited basis, download, print and store portions of the Content that you select for such use, provided that a significant portion of the Site or Content is not downloaded, printed out or stored and all copyright, trademark and other proprietary notices on the site or in the Content are maintained. No right, title or interest in any downloaded, printed or stored Content or materials is transferred to you as a result of any such downloading, printing or storing. AllRegs and any third party (with respect to such third party’s content on the Site) reserves complete title and full intellectual property rights in any Content you download from the Site. You may not modify, reformat, copy, reproduce, display, distribute, repost, transmit, publish, license, sell, rent, transfer, or create derivative works from any Content or information obtained from the Site, except as expressly permitted by this Agreement. You may not mirror or frame the home page or any other pages of the Site on any other web site or web page and may not connect links, including “deep links” to the Site. You may not use a robot, scraper, or other automated means of accessing the Site. You are prohibited from using any of the marks or logos appearing throughout the Site without express written consent from the trademark owner, except as permitted by applicable law.

2. DISCLAIMERS

No Legal or Other Professional Advice. AllRegs does not engage in the practice of law and nothing on the Site constitutes legal advice. If you desire legal advice, you must consult with an attorney. AllRegs and this Site do not provide TAX, accounting or financial planning services. If you desire TAX, accounting or financial planning services, you must consult with a licensed TAX PLANNER, accountant or financial planner. The Content available via the Site is for general informational purposes only, and is not intended as a substitute for the professional judgment and services of a licensed attorney, tax professional, accountant, financial planner, or other professional. Reliance on the Content is solely at your own risk.
Accuracy/Currency. The Content may contain technical, typographical or other errors or inaccuracies and may not be complete or current. AllRegs does not warrant that any Content is accurate, complete or current. AllRegs reserves the right to correct any errors, inaccuracies or omissions and to change or update the Content at any time without prior notice. AllRegs does not, however, guarantee that any errors, inaccuracies or omissions will be corrected.
Security. The Site is not a secure web site. AllRegs cannot and does not ensure or warrant the security of any information collected by us or transmitted over the Internet. You agree that any data transmission you make or receive through the Site is at your own risk.
Third Party Links. Hypertext links to third party web sites or information are provided solely for your convenience, and do not constitute or imply an endorsement, sponsorship, or recommendation by AllRegs of the third party, the third-party web site, or the information contained therein, unless expressly stated on the Site. You acknowledge and agree that AllRegs is not responsible for the availability of any such web sites and that AllRegs does not endorse or warrant, and is not responsible or liable for, any such web site or the content thereon.
Downloading Files. AllRegs cannot and does not guarantee or warrant that files available for downloading through the Site will be free of infection by software viruses or other harmful computer code, files or programs. By using the Site, you accept the entire risk as to the quality and performance of the Site and the accuracy of the Content.

3. DISCLAIMER OF WARRANTIES

NEITHER ALLREGS, ANY PROVIDER OF THIRD PARTY CONTENT, NOR THEIR RESPECTIVE AFFILIATES, AGENTS AND LICENSORS WARRANT THAT THE SITE WILL BE UNINTERRUPTED OR ERROR FREE; OR MAKE ANY WARRANTY AS TO THE ACCURACY, COMPLETENESS OR CURRENCY OF THE CONTENT OR THE RESULTS TO BE OBTAINED FROM USE OF THE SITE OR THE CONTENT; OR MAKE ANY WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, WARRANTIES OF TITLE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS, OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO THE SITE OR THE CONTENT. YOU ACKNOWLEDGE AND AGREE THAT THE SITE AND THE CONTENT ARE DISTRIBUTED ON AN "AS IS, AS AVAILABLE" BASIS AND EXPRESSLY AGREE THAT THE ENTIRE RISK AS TO THE QUALITY AND PERFORMANCE OF THE SITE AND THE ACCURACY AND COMPLETENESS OF THE CONTENT IS ASSUMED SOLELY BY YOU.

4. LIMITATION OF LIABILITY

IN NO EVENT SHALL ALLREGS, ANY PROVIDER OF THIRD PARTY CONTENT, OR THEIR RESPECTIVE AFFILIATES, AGENTS AND LICENSORS BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES, OR LOSS OF PROFITS, REVENUE OR DATA, ARISING OUT OF OR CAUSED, IN WHOLE OR IN PART, BY ANY ERRORS OR OMISSIONS IN PROCURING, COMPILING, COLLECTING OR REPORTING THE INFORMATION IN THE SITE OR THE CONTENT, OR ARISING OUT OF THE ACCESS TO OR USE OF THE SITE OR THE CONTENT OR THE INABILITY TO ACCESS OR USE THE SITE OR THE CONTENT, WHETHER IN AN ACTION IN CONTRACT, TORT, PRODUCT LIABILITY, STRICT LIABILITY, STATUTE OR OTHERWISE, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR LOSS. ALLREGS IS SPECIFICALLY NOT LIABLE FOR ANY DAMAGES OR LOSSES IF YOU PREPARE AN APPRAISAL OR ORIGINATE, UNDERWRITE, PURCHASE, SELL, SERVICE, TRANSFER OR TAKE ANY OTHER ACTION ON A LOAN BASED ON INFORMATION IN THE SITE OR THE CONTENT, EVEN IF SUCH INFORMATION IS INCORRECT OR INCOMPLETE. SOME OF THE INFORMATION INCLUDED IN THE SITE AND THE CONTENT IS REPUBLISHED BY ALLREGS WITH THE EXPRESS WRITTEN PERMISSION OF THE AGENCIES, COMPANIES AND ORGANIZATIONS WHO HAVE AUTHORED AND OWN THIS INFORMATION. THE SITE AND ACCESS TO THE CONTENT ARE PROVIDED SOLELY BY ALLREGS. THE AGENCIES, COMPANIES AND ORGANIZATIONS DO NOT SPONSOR OR ENDORSE THE SITE OR THE CONTENT AND SPECIFICALLY DISCLAIM ANY LIABILITY OR RESPONSIBILITY FOR THE ACCURACY OR COMPLETENESS OF THE SAME. ALTHOUGH ALLREGS STRIVES TO INCLUDE THE MOST COMPREHENSIVE, CURRENT AND ACCURATE GUIDELINES IN THE SITE AND THE CONTENT, THIS SITE AND THE CONTENT IS MOST USEFUL AS A GENERAL GUIDE TO TODAY'S PRACTICES. THE INFORMATION PROVIDED BY THE AGENCIES, COMPANIES AND ORGANIZATIONS CHANGES FROM TIME TO TIME AND ANY RELIANCE ON THE INFORMATION IN THE SITE OR THE CONTENT AS AN AUTHORITATIVE EXPRESSION OF THIS INFORMATION WOULD BE INAPPROPRIATE; RATHER, RELIANCE SHOULD BE PLACED ON THE MANUALS, MEMORANDUMS AND OTHER DOCUMENTATION DISTRIBUTED DIRECTLY BY THESE AGENCIES, COMPANIES AND ORGANIZATIONS. IF YOU ARE DISSATISFIED WITH THE SITE, THE CONTENT, OR WITH THE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THE SITE.

5. IDENTIFICATION NUMBER/PASSWORD; USER CONDUCT

You agree to maintain the confidentiality of and not disclose to any third party any identification number and/or passwords assigned to you and to notify AllRegs of any unauthorized use of such number or password, as well as any other breach of security of which you become aware.

You agree not to take any action that might compromise the security or integrity of the Site, render the Site inaccessible to others or otherwise cause damage to the Site or the Content. You agree not to add to, subtract from, or otherwise modify the Content. You agree not to use the Site in any manner that might interfere with the rights of AllRegs or any third party. You guarantee to AllRegs that you have the legal right to supply, post, or store any information or material you supply, post, or store to or on the Site (the “Data”), and that neither the Data, nor the provision thereof to AllRegs via the Site will violate any law, be offensive to AllRegs or any third party, or violate the rights of any person or entity.

6. USER SUPPLIED INFORMATION

If you supply any information via the Site or post any material to the Site (whether on a forum, discussion group, or otherwise), you guarantee to us that you have the legal right to supply or post such information or material and that it will not violate any law, be offensive to AllRegs or any third party, or violate the rights of any person or entity. By supplying information or posting material, you give AllRegs the royalty-free, irrevocable, perpetual, worldwide right to use, distribute, display, modify, delete and/or create derivative works from this material, in any and all media, in any manner, in whole or in part, without any restriction or responsibilities to you.

7. INDEMNIFICATION

You understand and agree that you are personally responsible for your behavior on the Site. You agree to indemnify, defend and hold harmless AllRegs, its affiliates, licensors, employees, and agents from and against all claims, losses, expenses, damages and costs (including, but not limited to, direct, indirect, incidental, consequential, and/or exemplary damages), and reasonable attorneys’ fees, resulting from or arising out of your use, misuse, or inability to use the Site or the Content, or any violation by you of this Agreement.

8. GENERAL PROVISIONS

Enforcement/ Choice of Law/ Choice of Forum. Every provision of this Agreement will be construed, to the extent possible, so as to be valid and enforceable. If any provision of this Agreement so construed is held by a court of competent jurisdiction to be invalid, illegal or otherwise unenforceable, such provision will, to the extent so held, be deemed severed from this Agreement to the minimum extent to make the provision valid and legal, and all other provisions will remain in full force and effect. Any and all disputes relating to this Agreement, the Site, your use thereof, or the Content (collectively, “Disputes”) are governed by, and will be interpreted in accordance with, the laws of the State of Minnesota, without regard to any conflict of laws provisions. Unless you have otherwise agreed with AllRegs to subject any Dispute to arbitration pursuant to an applicable service or user license or agreement, any Dispute will be venued in a state or federal court situated in Minneapolis, Minnesota, and you hereby irrevocably submit to the personal jurisdiction of such courts for that purpose.
No Waiver. No waiver by AllRegs of any breach or default hereunder will be deemed to be a waiver of any preceding or subsequent breach or default.

AllRegs - Copyright

Some of the information provided in AllRegs is copyrighted. Please read the notices that accompany individual documents. Copying, downloading, retransmitting, or printing of these documents may be a violation of copyright laws. All names and logos herein are registered service marks or trademarks and are owned by the entities named. The use of these logos is for illustration purposes only and is not an endorsement of AllRegs.

This page and all contents are ©2010 Mortgage Resource Center, Inc.
Eagan, MN, USA.
All rights reserved.