2014 National Update: Service Contracts Ancillary Products

Size: px
Start display at page:

Download "2014 National Update: Service Contracts Ancillary Products"

Transcription

1 2014 National Update: Service Contracts Ancillary Products Timothy J. Meenan General Counsel to Service Contract Industry Council Motor Vehicle Ancillary Products Association Meenan PA Managing Shareholder P. O. Box Tallahassee, FL

2 2014 National Update SERVICE CONTRACT INDUSTRY COUNCIL MOTOR VEHICLE ANCILLARY PRODUCTS ASSOCIATION

3 2014 National Update SERVICE CONTRACT INDUSTRY COUNCIL Founded in 1988

4 SERVICE CONTRACT INDUSTRY COUNCIL Alaska House Bill 206 Motor Vehicle Service Contract Regulation Model Act language Excludes appearance care service contracts. Exemption from Insurance Code.

5 SERVICE CONTRACT INDUSTRY COUNCIL California Assembly Bill 1130 Home Protection Contracts (Passed Legislature) Amends existing home protection contract law Removes filing requirements for certain foreign home protection applicants : Financial statement certified by regulatory official Examination reports certified by regulatory official Replaces requirement of quarterly reports with annual reports.

6 SERVICE CONTRACT INDUSTRY COUNCIL Colorado House Bill 1199 Service Contract Regulation Consumer Goods Framework for Service Contracts on Consumer Goods Based on SCIC Model Act Defines Consumer Product Adds powersports vehicle to definition of motor vehicle in service contract statute Effective January 1, 2015.

7 SERVICE CONTRACT INDUSTRY COUNCIL Florida House Bill 291 Service Contract Law Amendment Electronic Delivery, Auto, Home, Consumer Goods Financial Requirements for Consumer Goods More CLIP options Insurer can be affiliated Eliminates unused CLIP exemption mechanism Effective July 1, 2014.

8 Florida House Bill 783 Financing Non-Discrimination Prohibits affiliated finance company from refusing acceptance or charging extra fee for acceptance of vehicle contracts (RISC, loan, etc.) solely because it includes a third party s automotive related product (Service contract, GAP waiver, etc.). Defines Terms Effective July 1, SERVICE CONTRACT INDUSTRY COUNCIL

9 Mississippi House Bill 581 Dealer Franchise Prohibitions Requires dealers selling third-party service contracts to disclose, orally and in writing, that the offered product is not provided or supported by a manufacturer or distributor. Also contains standard anti-coercion language. Criminal Penalty. Effective July 1, SERVICE CONTRACT INDUSTRY COUNCIL

10 SERVICE CONTRACT INDUSTRY COUNCIL New York Assembly Bill 7844 Manufacturer/ Distributor Anti-Coercion Allows manufactures to require that dealers selling third-party service contracts disclose in a separate statement acknowledged by the consumer that the offered product is not offered, endorsed, or sponsored by the manufacturer or distributor. Also contains standard anti-coercion language. Effective June 16, 2014

11 SERVICE CONTRACT INDUSTRY COUNCIL Oklahoma Senate Bill 387 Manufacturer/Distributor Anti-Coercion Prohibits: Using forms that don t conspicuously contain provider identify Requiring dealer to sell manufacturer endorsed products Motor Vehicle Commission can fine violators and deny, suspend, or revoke licenses. Effective November 1, 2014

12 SERVICE CONTRACT INDUSTRY COUNCIL Kentucky House Bill 133 Recreational Vehicle Dealer Franchise Creates a dealer franchise structure for recreational vehicles Adds recreational vehicles to RISC statute

13 SERVICE CONTRACT INDUSTRY COUNCIL Louisiana Senate Bill 135 Financial Reporting Requirements Home Service Contract Providers to provide solvency annual statement. Home service Contract Providers report due March 1, 2016 # HSC on residential Gross Consideration # and $ of claims paid # of claims denied due to no pre-approval Effective August 1, 2014

14 SERVICE CONTRACT INDUSTRY COUNCIL Louisiana House Bill 647 Auto Reporting Requirements Mechanical Breakdown Insurers must report corporate/structural changes to commissioner within 60 days. Fine up to $ day grace period for reinstatement if because of annual report or annual fee.

15 SERVICE CONTRACT INDUSTRY COUNCIL Michigan House Bill 4467 Service Contracts Service Contract is not insurance. Auto, Home, Consumer Goods. Defines: Consumer Product Service Contract Effective April 10, 2014

16 Mississippi House Bill 742 Recreational Vehicle Franchise Law Creates RV Franchise Law. Defines warrantor to include person not controlled by a manufacturer who sells service contracts, mechanical or other insurance, or extended warranties for consideration. Provides requirements for warrantors. Claim timelines Reimbursement terms Also requires sellers of third-party service contracts to disclose, orally and in writing, that the offered product is not provided or supported by a manufacturer or distributor. Effective October 1, 2014 SERVICE CONTRACT INDUSTRY COUNCIL

17 SERVICE CONTRACT INDUSTRY COUNCIL New Jersey Senate Bill 854 Service Contracts Establishes Service Contract Framework Covers Auto, Home and Consumer Goods Contains core disclosure and financial responsibility requirements No registration or annual fee Division of Consumer Affairs (not Banking & Insurance) Effective July 16, 2014

18 SERVICE CONTRACT INDUSTRY COUNCIL North Carolina House Bill 1050 Sales Tax on Service Contracts Auto, Home and Consumer Goods Omnibus Bill Tax Bill Provides clarity regarding the collection of sales and use tax on service contracts Service contracts are taxable Retailer is responsible for collection and remittance of the tax Retailer is responsible for tax redounds if service contract is canceled

19 SERVICE CONTRACT INDUSTRY COUNCIL Portable Electronics Insurance Legislation Explicitly Excluding Extended Warranties from Definition Connecticut House Bill 5023 Effective October 1, 2014 Massachusetts House Bill 3541 Effective April 23, 2014

20 2014 National Update MOTOR VEHICLE ANCILLARY PRODUCTS ASSOCIATION

21 MOTOR VEHICLE ANCILLARY PRODUCTS ASSOCIATION Oklahoma Senate Bill 1923 Amends Service Warranty Act Adds Ancillary Products Included: Tire & Wheel Paintless Dent Repair Windshield Repair or Replacement Key Fob Excluded: Dry Appearance Care Fuel or Oil Additives Effective November 1, 2014

22 MOTOR VEHICLE ANCILLARY PRODUCTS ASSOCIATION Indiana House Bill 1206 Motor Vehicle Service Contracts Replaces Bulletin 78 for Motor Vehicles. No license requirement; but must file CLIP. Does not include Home or Consumer Goods Authorizes ancillary products Framework includes: Financial requirements Disclosure requirements Insurance commissioner authority Bulletin 210 Effective July 1, 2014.

23 Virginia House Bill 69 Motor Vehicle Ancillary Products Amends definition of extended service contract to include: Tire & Wheel Paintless dent repair Windshield Repair Key Fob Protection Chemical Additives Other services as approved by Board of Agriculture and Consumer Services And Exclude: Fuel or oil additives Dry appearance care Clarifies that Extended Service Contracts are not insurance. Effective July 1, 2014 MOTOR VEHICLE ANCILLARY PRODUCTS ASSOCIATION

24 MOTOR VEHICLE ANCILLARY PRODUCTS ASSOCIATION Washington Senate Bill 5977 Ancillary Products and Financial Requirements Amends definition of Service Contract to include: Tire & Wheel Paintless dent repair Windshield repair or replacement Key Fob protection Any other service approved by director And exclude: Dry appearance care Fuel or oil additives. Service Contract Applicant Financial Docs Effective June 11, 2014

25 MOTOR VEHICLE ANCILLARY PRODUCTS ASSOCIATION Puerto Rico Insurance Commissioner Action Etch products deemed insurance Normative Letter Cease and Desist Reported Settlements

26 SCIC MVAPA Consumer Financial Protection Bureau Update

27 Consumer Financial Protection Bureau Update How will the CFPB s activities affect: Service Contracts? Ancillary Products? Key Fob Paintless Dent Repair Windshield Appearance Care (Wet and Dry) Vehicle Protection Products/Etch Guaranteed Asset Protection?

28 Authority of the CFPB Supervisory Authority Nondepository Covered Persons o Service providers Large Banks, Savings Associations, and Credit Unions o Service providers Other Banks, Savings Associations, and Credit Unions o Service Providers Enforcement Authority Any person the CFPB believes to be in possession, custody, or control of any material or information relevant to a violation is subject to a civil investigative demand. Prohibition on unfair, deceptive, or abusive acts or practices (UDAAP) by covered persons, service providers or any person providing assistance to a covered person or service provider in connection with a transaction involving a consumer financial product or service. Rule Making Authority

29 Consumer Financial Protection Bureau Update Unfair Deceptive or Abusive Act or Practice (UDAAP) Bureau may take action to prevent a covered person from engaging in an unfair, deceptive or abusive act or practice in connection with any transaction with a consumer for a consumer financial product or service It shall be unlawful for any person to knowingly or recklessly provide substantial assistance to a covered person or service provider in violation of the prohibition on UDAAP, or any rule or order issued thereunder, and notwithstanding any provision of this title, the provider of such substantial assistance shall be deemed to be in violation of that section to the same extent as the person to whom such assistance is provided.

30 Consumer Financial Protection Bureau Update Covered Person any person that engages in offering a consumer financial product or service. Consumer Financial Product or Service any of the following products or services offered or provided for use by consumers primarily for personal, family, or household purposes, or provided in connection with: Such other financial product or service defined by the CFPB by rule if the CFPB finds that the product or service is: o o Entered into as a subterfuge or with a purpose to evade Federal law; or Permissible for a bank to offer or provide under any provision of a Federal law or rule and has, or likely will have, a material impact on consumers.

31 Consumer Financial Protection Bureau Update Service Provider any person that provides a material service to a covered person in connection with the offering or provision of a consumer financial product or service. Participating in designing, operating, or maintaining the consumer financial product or service; or Processing transactions relating to the consumer financial product or service.

32 Consumer Financial Protection Bureau Update CFPB BULLETIN SERVICE PROVIDERS Service Provider any entity that provides a material service to a covered person in offering a consumer financial product or service. Banks & Non-banks must supervise service providers. CFPB can examine service providers including compliance with UDAAP. Banks must verify service provider compliance with consumer financial laws. Consumer financial laws include but are not limited to: Consumer Leasing Act Electronic Fund Transfer Act Equal Credit Opportunity Act Fair Credit Billing Act Fair Credit Reporting Act Home Mortgage Disclosure Act Real Estate Settlement Procedures Act Truth in Lending Act UDAAP

33 Consumer Financial Protection Bureau Update CFPB CONSENT ORDERS Allegations of unfair, deceptive or abusive marketing practices in telemarketing, inperson solicitation, written brochures alleging inadequate disclosure of material terms and conditions. Capital One Bank, July 2012 Discover Bank, September 2012 American Express, October 2012 GE Care Credit, December 2013

34 Consumer Financial Protection Bureau Update CFPB CONSENT ORDERS DISPARATE IMPACT Ally Financial/Ally Bank December 2013 Alleged discrimination against 235,000 minority borrowers. Violations of the Equal Credit Opportunity Act. Ally set base financing interest rate, dealers could mark up rate. African American borrowers on average paid 29 basis points ($300) more, Hispanics 20 basis points, Pacific Islanders 22 basis points ($200). $80 Million in damages, $18 Million in penalties establish a compliance plan. Must evaluate disparity, and new instances must trigger restriction or elimination of dealer discretion.

35 Consumer Financial Protection Bureau Update CFPB CONSENT ORDERS UNFAIR, DECEPTIVE OR ABUSIVE ACTS OR PRACTICES Bank of America, April 9, 2014 Credit card add-on products including credit protection product and identity protection products Failed to inform some customers they were purchasing products, or misrepresented terms o 30 day free but must cancel o Enrolling without consent o $25,000 death benefit but only waive up to $25,000 o Benefits are automatic but must file a claim

36 Consumer Financial Protection Bureau Update CFPB CONSENT ORDERS U.S. Bank and Dealers Financial Services, LLC PENALTIES OF $3.2 (U.S. BANK) AND $3.3 (DFS) MILLION Auto Loan Program Examination Violations of: o Truth in Lending; and o UDAAP DFS Program Functions o Dealer recruitment Dealers required to offer GAP insurance and service contract o Marketing (direct and otherwise) o Loan application review

37 Consumer Financial Protection Bureau Update CFPB CONSENT ORDERS U.S. Bank and Dealers Financial Services, LLC continued UDAAP Violations o Cost Disclosure Marketing materials indicated it would add just a few dollars to monthly payment when in actuality it broke down to more like $40 a month. o Exclusions Marketing materials do not disclose every individual part that is excluded from coverage. Above resulted in violation despite a disclosure to refer to actual terms and conditions for exclusions.

38 Consumer Financial Protection Bureau Update CFPB CONSENT ORDERS Synchrony Bank (GE Capital Retail Bank), June 19, 2014 Credit card balance cancellation product The bank engaged in deceptive marketing practices and violated ECOA Deceptive marketing practices included: Failed to inform customers they would be ineligible for benefit; Misrepresented cost; Misrepresented that product was a limited time offer; and Misrepresented that customer service representative on the phone was handling ministerial task as opposed to enrolling the customer in fee based product. ECOA violations included not extending certain offers to customers who indicated Spanish preferred on their accounts.

39 Consumer Financial Protection Bureau Update CFPB Bulletin Marketing of Credit Card APR Offers Bulletin is intended to help credit card companies avoid UDAAP violations in regards to promotional APR offers. Regulation Z does not require marketing materials to include additional disclosures alerting consumers to the effect of accepting a promotional offer on the loss of the grace period purchases. However, the CFPB is concerned that the marketing materials accompanying some offers may risk being deceptive or abusive in violation of the Dodd-Frank Act, even if Regulation Z is not violated.

40 Consumer Financial Protection Bureau Update Larger Participant Rule CFPB has authority to supervise nonbank larger participants of markets for other consumer financial products or services as the CFPB defines by rule. In late May the CFPB announced its intent to identify a market for auto lending and define larger participants of that market. Defining larger participants subjects them to CFPB s supervisory authority. Indiana Field Hearing

41 Consumer Financial Protection Bureau Update INDUSTRY BEST PRACTICES Compliance System with Respect to Consumer Protection Laws Product Development Marketing Development of Marketing Materials Telemarketing to Consumers Direct Mail Marketing Point of Sale Marketing Hiring & Retention of Sales Force Consumer Relation & Retention Product Fulfillment Claims Fulfillment Cancellations Compliant Handling Collection & Reporting of Data

42 Consumer Financial Protection Bureau Update Ancillary Products Inflection Points A. Are we a consumer financial product or service? B. Are we a covered person under the act? C. Are we service providers? D. Do we provide substantial assistance to a covered person or service provider? E. Are our products or services unfair, deceptive, or abusive? F. Are any of us a larger participant defined by CFPB rule? G. Does the business of insurance exemption apply to us? H. Will creditors be forced by the CFPB to take actions harmful to ancillary product sales? I. Can we do better in our marketing, claims, and other functions?

43 2014 National Update: Service Contracts Ancillary Products Timothy J. Meenan General Counsel to Service Contract Industry Council Motor Vehicle Ancillary Products Association Meenan PA Managing Shareholder P. O. Box Tallahassee, FL

Takeaways From GE Capital's $225M Credit Card Settlement

Takeaways From GE Capital's $225M Credit Card Settlement Portfolio Media. Inc. 860 Broadway, 6th Floor New York, NY 10003 www.law360.com Phone: +1 646 783 7100 Fax: +1 646 783 7161 customerservice@law360.com Takeaways From GE Capital's $225M Credit Card Settlement

More information

SENATE STAFF ANALYSIS AND ECONOMIC IMPACT STATEMENT

SENATE STAFF ANALYSIS AND ECONOMIC IMPACT STATEMENT SENATE STAFF ANALYSIS AND ECONOMIC IMPACT STATEMENT (This document is based on the provisions contained in the legislation as of the latest date listed below.) BILL: SB 2240 SPONSOR: SUBJECT: Senator Garcia

More information

UNITED STATES OF AMERICA CONSUMER FINANCIAL PROTECTION BUREAU. The Consumer Financial Protection Bureau ( Bureau ), through its examiners and other

UNITED STATES OF AMERICA CONSUMER FINANCIAL PROTECTION BUREAU. The Consumer Financial Protection Bureau ( Bureau ), through its examiners and other UNITED STATES OF AMERICA CONSUMER FINANCIAL PROTECTION BUREAU In the Matter of Dealers Financial Services, LLC, Lexington, Kentucky ADMINISTRATIVE PROCEEDING File No. 2013-CFPB-0004 CONSENT ORDER The Consumer

More information

Select coverage's interested in: Professional Health Business (Liability / Property) Commercial Auto Personal (Auto / Home) Other

Select coverage's interested in: Professional Health Business (Liability / Property) Commercial Auto Personal (Auto / Home) Other Application / Quote Form Cover Page Request Requested Effective Date: Radigan Insurance & Associates - PO Box 71399 Phoenix AZ 85050 O: 866-576-0977 F: 877-576-0101 E: Service@RadiganInsurance.com W: www.radiganinsurance.com

More information

SURVEY OF SERVICE CONTRACT LEGISLATION

SURVEY OF SERVICE CONTRACT LEGISLATION SURVEY OF SERVICE CONTRACT LEGISLATION (FORC Journal: Vol. 23 Edition 1 - Spring 2012) Alan J. Schmitz, Esq. (720) 200-4242 Over the past decade numerous jurisdictions have adopted new or updated service

More information

Client Update CFPB Issues Final Auto Finance Larger Participant Rule and New Auto Finance Examination Procedures

Client Update CFPB Issues Final Auto Finance Larger Participant Rule and New Auto Finance Examination Procedures 1 Client Update CFPB Issues Final Auto Finance Larger Participant Rule and New Auto Finance Examination Procedures NEW YORK Matthew L. Biben mlbiben@debevoise.com Courtney M. Dankworth cmdankworth@debevoise.com

More information

The final rule has expanded the scope of covered products how does this impact your business?

The final rule has expanded the scope of covered products how does this impact your business? January 2016 Military Lending Act It s time to get prepared The final rule has expanded the scope of covered products how does this impact your business? Overview A joint point of view by PwC s Consumer

More information

REAL ESTATE RELATED ERRORS & OMISSIONS APPLICATION

REAL ESTATE RELATED ERRORS & OMISSIONS APPLICATION Kinsale Insurance Company P. O. Box 17008 Richmond, VA 23226 (804) 289-1300 www.kinsaleins.com REAL ESTATE RELATED ERRORS & OMISSIONS APPLICATION APPLICANT S INFORMATION 1. Legal name of the business who

More information

ASSEMBLY, No. 1756 STATE OF NEW JERSEY 215th LEGISLATURE

ASSEMBLY, No. 1756 STATE OF NEW JERSEY 215th LEGISLATURE ASSEMBLY, No. 1756 STATE OF NEW JERSEY 215th LEGISLATURE PRE-FILED FOR INTRODUCTION IN THE 2012 SESSION Sponsored by: Assemblyman VINCENT PRIETO District 32 (Bergen and Hudson) Assemblyman PATRICK J. DIEGNAN,

More information

A. Introduction B. Background

A. Introduction B. Background 1700 G Street, N.W., Washington, DC 20552 CFPB Compliance Bulletin 2015-06 Date: November 23, 2015 Subject: Requirements for Consumer Authorizations for Preauthorized Electronic Fund Transfers A. Introduction

More information

The CFPB's 'UDAAPification' Of Consumer Protection Law

The CFPB's 'UDAAPification' Of Consumer Protection Law Portfolio Media. Inc. 860 Broadway, 6th Floor New York, NY 10003 www.law360.com Phone: +1 646 783 7100 Fax: +1 646 783 7161 customerservice@law360.com The CFPB's 'UDAAPification' Of Consumer Protection

More information

Public Act No. 15-162

Public Act No. 15-162 Public Act No. 15-162 AN ACT CONCERNING A STUDENT LOAN BILL OF RIGHTS. Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. (NEW) (Effective October 1, 2015)

More information

CFSA Compliance School, Part II: Implementing an Effective Compliance Management System

CFSA Compliance School, Part II: Implementing an Effective Compliance Management System CFSA Compliance School, Part II: Implementing an Effective Compliance Management System Michelle Hemerley Managing Director FIS Enterprise Governance, Risk & Compliance (EGRC) SoluBon February 2014 Overview

More information

a. a person offering or selling a security as defined in Section 2 of Title 71 of the Oklahoma Statutes if:

a. a person offering or selling a security as defined in Section 2 of Title 71 of the Oklahoma Statutes if: Oklahoma Statutes Citationized Section 775A.1 - Legislature Finds, Determines and Declares. The Legislature hereby finds, determines and declares that the use of telephones for commercial solicitation

More information

Susan Costonis, C.R.C.M. Compliance Training & Consulting for Financial Institutions

Susan Costonis, C.R.C.M. Compliance Training & Consulting for Financial Institutions The Directors Education Series Fair Lending Training for the Board of Directors Part I Presented by: Susan Costonis, C.R.C.M. Compliance Training & Consulting for Financial Institutions YOUR PRESENTER

More information

State Collision Repair Laws and Regulations

State Collision Repair Laws and Regulations State Collision Repair Laws and Regulations Alabama In Alabama, the vehicle owner has the right to know that non-oem parts will be The logo, identification number or name of the manufacturer of all non-oem

More information

HOUSE DOCKET, NO. 1374 FILED ON: 1/15/2015. HOUSE... No. 258. The Commonwealth of Massachusetts PRESENTED BY: Angelo J. Puppolo, Jr.

HOUSE DOCKET, NO. 1374 FILED ON: 1/15/2015. HOUSE... No. 258. The Commonwealth of Massachusetts PRESENTED BY: Angelo J. Puppolo, Jr. HOUSE DOCKET, NO. 1374 FILED ON: 1/15/2015 HOUSE............... No. 258 The Commonwealth of Massachusetts PRESENTED BY: Angelo J. Puppolo, Jr. To the Honorable Senate and House of Representatives of the

More information

9-Jul-08 State Responses to Housing Crisis: Legislative Solutions

9-Jul-08 State Responses to Housing Crisis: Legislative Solutions 9-Jul-08 State Responses to Housing Crisis: Legislative Solutions Arkansas 4/16/03 7/15/03 HB 2598 California 7/8/08 7/8/08 SB 1137 10/5/07 10/5/07 SB 223 10/5/07 SB 385 Enacts Arkansas Home Loan Protection

More information

SUBCHAPTER 03K - REVERSE MORTGAGES SECTION.0100 - ADMINISTRATIVE

SUBCHAPTER 03K - REVERSE MORTGAGES SECTION.0100 - ADMINISTRATIVE SUBCHAPTER 03K - REVERSE MORTGAGES SECTION.0100 - ADMINISTRATIVE 04 NCAC 03K.0101 DEFINITIONS; FILINGS (a) As used in this Subchapter, unless the context clearly requires otherwise: (1) Terms defined in

More information

REAL ESTATE PROFESSIONALS ERRORS AND OMISSIONS INSURANCE APPLICATION

REAL ESTATE PROFESSIONALS ERRORS AND OMISSIONS INSURANCE APPLICATION REAL ESTATE PROFESSIONALS ERRORS AND OMISSIONS INSURANCE APPLICATION Notice This is an application for a policy that contains "Claims-made" liability protection. Coverage for prior acts and claims made

More information

(No. 210) (Approved August 28, 2003) AN ACT

(No. 210) (Approved August 28, 2003) AN ACT (S. B. 754) (No. 210) (Approved August 28, 2003) AN ACT To create an Act for the Prevention of Fraud in Telemarketing; to set forth its purposes and to establish penalties. STATEMENT OF MOTIVES In Puerto

More information

211 CMR: DIVISION OF INSURANCE 211 CMR 142.00: INSURANCE SALES BY BANKS AND CREDIT UNIONS

211 CMR: DIVISION OF INSURANCE 211 CMR 142.00: INSURANCE SALES BY BANKS AND CREDIT UNIONS 211 CMR 142.00: INSURANCE SALES BY BANKS AND CREDIT UNIONS Section 142.01: Scope and Purpose 142.02: Applicability 142.03: Definitions 142.04: Licensing 142.05: Consumer Protection Terms and Conditions

More information

CFPB Focus. Five Questions to Ask Before January 10, 2014

CFPB Focus. Five Questions to Ask Before January 10, 2014 Five Questions to Ask Before January 10, 2014 Courtney H. Gilmer, 615.726.5747, cgilmer@bakerdonelson.com 1. Compliance Procedures. Have you updated your written policies and procedures for each of your

More information

2014 SESSION REPORT. HB 413/SB 1006 (Santiago/Hays) Consumer Collection Practices

2014 SESSION REPORT. HB 413/SB 1006 (Santiago/Hays) Consumer Collection Practices 2014 SESSION REPORT The Florida Legislature 2014 session saw the filing of 1812 bills; 264 of those bill passed. Florida Alliance for Consumer Protection followed 141 bills that stood to possibly impact

More information

Title 9-A: MAINE CONSUMER CREDIT CODE

Title 9-A: MAINE CONSUMER CREDIT CODE Title 9-A: MAINE CONSUMER CREDIT CODE Article 10: LOAN BROKERS Table of Contents Part 1. GENERAL PROVISIONS... 3 Section 10-101. SHORT TITLE... 3 Section 10-102. DEFINITIONS... 3 Part 2. REGISTRATION AND

More information

BILL ANALYSIS. S.B By: Carona Investments & Financial Services Committee Report (Unamended) BACKGROUND AND PURPOSE

BILL ANALYSIS. S.B By: Carona Investments & Financial Services Committee Report (Unamended) BACKGROUND AND PURPOSE BILL ANALYSIS S.B. 1004 By: Carona Investments & Financial Services Committee Report (Unamended) BACKGROUND AND PURPOSE The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 regulates the

More information

State Regulatory Workshop: Legal and Regulatory Compliance Challenges and Opportunities for Credit Counseling Agencies

State Regulatory Workshop: Legal and Regulatory Compliance Challenges and Opportunities for Credit Counseling Agencies State Regulatory Workshop: Legal and Regulatory Compliance Challenges and Opportunities for Credit Counseling Agencies Association of Independent Consumer Credit Counseling Agencies (AICCCA) 17 th Annual

More information

June 10, 2010. 2010 Legislative Amendments to the Indiana Code Relating to First Lien Mortgage Act (the Act )

June 10, 2010. 2010 Legislative Amendments to the Indiana Code Relating to First Lien Mortgage Act (the Act ) June 10, 2010 2010 Legislative Amendments to the Indiana Code Relating to First Lien Mortgage Act (the Act ) Effective July 1, 2010 (except as otherwise indicated) Questions, Answers, and Administrative

More information

MISCELLANEOUS PROFESSIONAL LIABILITY AND PREMISES LIABILITY INSURANCE APPLICATION

MISCELLANEOUS PROFESSIONAL LIABILITY AND PREMISES LIABILITY INSURANCE APPLICATION MISCELLANEOUS PROFESSIONAL LIABILITY AND PREMISES LIABILITY INSURANCE APPLICATION THIS IS AN APPLICATION FOR CLAIMS-MADE AND REPORTED INSURANCE PROVIDED THROUGH HORIZON RISK INSURANCE, LLC. IT IS IMPORTANT

More information

REAL ESTATE PROFESSIONALS ERRORS AND OMISSIONS INSURANCE APPLICATION

REAL ESTATE PROFESSIONALS ERRORS AND OMISSIONS INSURANCE APPLICATION Exclusively Administered by: Pearl Insurance 1200 East Glen Avenue Peoria Heights, IL 61616-5348 1.800.289.8170 www.pearlinsurance.com REAL ESTATE PROFESSIONALS ERRORS AND OMISSIONS INSURANCE APPLICATION

More information

Nebraska Loan Broker Act Chapter 45, Article 1, Section f 45-189 to 45-193

Nebraska Loan Broker Act Chapter 45, Article 1, Section f 45-189 to 45-193 45-189 Loan brokers; legislative findings. The Legislature finds that: Nebraska Loan Broker Act Chapter 45, Article 1, Section f 45-189 to 45-193 (1) Many professional groups are presently licensed or

More information

REAL ESTATE PROPERTY MANAGERS SUPPLEMENTAL APPLICATION

REAL ESTATE PROPERTY MANAGERS SUPPLEMENTAL APPLICATION REAL ESTATE PROPERTY MANAGERS SUPPLEMENTAL APPLICATION TO BE USED WITH COMMERCIAL GENERAL LIABILITY APPLICATION (ACORD 125) All questions must be answered in full Application must be signed and dated by

More information

PROPERTY MANAGER SUPPLEMENTAL APPLICATION

PROPERTY MANAGER SUPPLEMENTAL APPLICATION Name of Insurance Company to which Application is made PROPERTY MANAGER SUPPLEMENTAL APPLICATION This is a supplement to an application for a CLAIMS-MADE and Reported Policy. It is to be used solely in

More information

HOUSE BILL NO. HB0193. Representative(s) Illoway, Ross and Simpson and Senator(s) Case and Hines A BILL. for

HOUSE BILL NO. HB0193. Representative(s) Illoway, Ross and Simpson and Senator(s) Case and Hines A BILL. for 00 STATE OF WYOMING 0LSO-00 HOUSE BILL NO. HB0 Rental car insurance. Sponsored by: Representative(s) Illoway, Ross and Simpson and Senator(s) Case and Hines A BILL for AN ACT relating to insurance; authorizing

More information

CFPB and Real Estate Agents. A course on the Consumer Financial Protection Bureau and its significant impact on real estate agents

CFPB and Real Estate Agents. A course on the Consumer Financial Protection Bureau and its significant impact on real estate agents CFPB and Real Estate Agents A course on the Consumer Financial Protection Bureau and its significant impact on real estate agents What is the Consumer Financial Protection Bureau (CFPB)? Independent agency

More information

SUPPLEMENTAL APPLICATION COMMERCIAL GENERAL LIABILITY COMPLETE IN ADDITION TO ACORD APPLICATIONS. ATTACH ADDITIONAL SHEETS AS NECESSARY.

SUPPLEMENTAL APPLICATION COMMERCIAL GENERAL LIABILITY COMPLETE IN ADDITION TO ACORD APPLICATIONS. ATTACH ADDITIONAL SHEETS AS NECESSARY. Kinsale Insurance Company P. O. Box 17008 Richmond, VA 23226 (804) 289-1300 www.kinsaleins.com MANUFACTURERS SUPPLEMENTAL APPLICATION COMMERCIAL GENERAL LIABILITY COMPLETE IN ADDITION TO ACORD APPLICATIONS.

More information

Regulatory Practice Letter January 2013 RPL 13-01

Regulatory Practice Letter January 2013 RPL 13-01 Regulatory Practice Letter January 2013 RPL 13-01 Fair Lending CFPB Annual Report and Supervisory Highlights Executive Summary In December 2012, the Bureau of Consumer Financial Protection ( CFPB or Bureau

More information

Title 10: COMMERCE AND TRADE

Title 10: COMMERCE AND TRADE Title 10: COMMERCE AND TRADE Chapter 211-A: FRANCHISE LAWS FOR POWER EQUIPMENT, MACHINERY AND APPLIANCES Table of Contents Part 3. REGULATION OF TRADE... Section 1361. DEFINITIONS... 3 Section 1362. CIVIL

More information

Chapter 24 Title Lending Registration Act. Part 1 General Provisions

Chapter 24 Title Lending Registration Act. Part 1 General Provisions Chapter 24 Title Lending Registration Act Part 1 General Provisions 7-24-101 Title. This chapter is known as the "Title Lending Registration Act." 7-24-102 Definitions. As used in this chapter: (1) "Nationwide

More information

HOUSE BILL No. 2114 page 2

HOUSE BILL No. 2114 page 2 HOUSE BILL No. 2114 AN ACT concerning the vehicle dealers and manufacturers licensing act; relating to vehicle bonds; amending K.S.A. 2000 Supp. 8-2404 and repealing the existing section. Be it enacted

More information

Chapter 21 Credit Services Organizations Act

Chapter 21 Credit Services Organizations Act Chapter 21 Credit Services Organizations Act 13-21-1 Short title. This chapter is known as the "Credit Services Organizations Act." Enacted by Chapter 29, 1985 General Session 13-21-2 Definitions -- Exemptions.

More information

MASS MARKETING OF PROPERTY AND LIABILITY INSURANCE MODEL REGULATION

MASS MARKETING OF PROPERTY AND LIABILITY INSURANCE MODEL REGULATION Table of Contents Model Regulation Service January 1996 MASS MARKETING OF PROPERTY AND LIABILITY INSURANCE MODEL REGULATION Section 1. Section 2. Section 3. Section 4. Section 5. Section 6. Section 7.

More information

Alarm or Security System Design, Monitoring, Installation, Service or Repair Application

Alarm or Security System Design, Monitoring, Installation, Service or Repair Application Alarm or Security System Design, Monitoring, Installation, Service or Repair Application All questions must be answered in full. Application must be signed and dated by the applicant. Applicant s Name

More information

DELAWARE STATE SENATE 147th GENERAL ASSEMBLY SENATE SUBSTITUTE NO. 1 FOR SENATE BILL NO. 38

DELAWARE STATE SENATE 147th GENERAL ASSEMBLY SENATE SUBSTITUTE NO. 1 FOR SENATE BILL NO. 38 SPONSOR: Sen. Peterson & Rep. Hudson Sen. Sokola DELAWARE STATE SENATE 147th GENERAL ASSEMBLY SENATE SUBSTITUTE NO. 1 FOR SENATE BILL NO. 38 AN ACT TO AMEND TITLE 24 CHAPTER 40 OF THE DELAWARE CODE RELATING

More information

STATE OF MICHIGAN DEPARTMENT OF LABOR & ECONOMIC GROWTH OFFICE OF FINANCIAL AND INSURANCE SERVICES

STATE OF MICHIGAN DEPARTMENT OF LABOR & ECONOMIC GROWTH OFFICE OF FINANCIAL AND INSURANCE SERVICES In the matter of: STATE OF MICHIGAN DEPARTMENT OF LABOR & ECONOMIC GROWTH OFFICE OF FINANCIAL AND INSURANCE SERVICES Before the Commissionerof the Office of Financialand Insurance Services Premier Mortgage

More information

Senate. File No. 757. Approved by the Legislative Commissioner May 3, 2014

Senate. File No. 757. Approved by the Legislative Commissioner May 3, 2014 Senate General Assembly File No. 757 February Session, 2014 (Reprint of File No. 191) Substitute Senate Bill No. 209 As Amended by Senate Amendment Schedule "A" and House Amendment Schedule "A" Approved

More information

ACCIDENT INSURANCE CLAIM

ACCIDENT INSURANCE CLAIM ACCIDENT INSURANCE CLAIM Employee Benefits ReliaStar Life Insurance Company A member of the ING family of companies Administered by: Your future. Made easier. SM Key Benefit Administrators, Inc., PO Box

More information

MISCELLANEOUS PROFESSIONAL LIABILITY APPLICATION

MISCELLANEOUS PROFESSIONAL LIABILITY APPLICATION MISCELLANEOUS PROFESSIONAL LIABILITY APPLICATION NOTICE: THIS IS AN APPLICATION FOR A CLAIMS MADE AND REPORTED POLICY, WHICH, SUBJECT TO ITS PROVISIONS, APPLIES ONLY TO CLAIMS WHICH ARE BOTH FIRST MADE

More information

U.S. Franchise Law Basics

U.S. Franchise Law Basics U.S. Franchise Law Basics BACKGROUND This page explains the basics about U.S. franchise law. Franchise law is complex. There are federal laws governing franchising, and there are state laws governing franchising.

More information

introduced the following bill; which was referred to the Committee on A BILL

introduced the following bill; which was referred to the Committee on A BILL To preserve competition among mortgage lenders, provide relief from unnecessary regulatory requirements on responsible community mortgage lenders, and for other purposes. introduced the following bill;

More information

ACCIDENT INSURANCE CLAIM

ACCIDENT INSURANCE CLAIM ACCIDENT INSURANCE CLAIM ReliaStar Life Insurance Company A member of the ING family of companies Administered by: Key Benefit Administrators, Inc., P.O. Box 1238 Fort Mill, SC 29716 Phone: 866-225-8704,

More information

GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 1991 H 1 HOUSE BILL 22

GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 1991 H 1 HOUSE BILL 22 GENERAL ASSEMBLY OF NORTH CAROLINA SESSION H HOUSE BILL Short Title: Regulate Reverse Mortgages. (Public) Sponsors: Representatives Brubaker, Easterling, Hasty, Ligon, Lineberry, Privette, and Woodard.

More information

MOTOR VEHICLE DEALER SALESPERSON STUDY GUIDE MATERIALS

MOTOR VEHICLE DEALER SALESPERSON STUDY GUIDE MATERIALS MOTOR VEHICLE DEALER SALESPERSON STUDY GUIDE MATERIALS 2201 West Broad Street, Suite 104 Richmond, Virginia 23220 804-367-1100 www.mvdb.virginia.gov MVDB 35 REVISED 07/01/15 INTRODUCTION This study guide

More information

UNFAIR, DECEPTIVE, OR ABUSIVE ACTS OR PRACTICES (UDAAP)

UNFAIR, DECEPTIVE, OR ABUSIVE ACTS OR PRACTICES (UDAAP) UNFAIR, DECEPTIVE, OR ABUSIVE ACTS OR PRACTICES (UDAAP) EXAMINATION PROCEDURES Examination Objectives To assess the quality of the credit union s compliance risk management systems, including internal

More information

The statutory basis for this rule entitled 1-1-2 Mortgage Loan Originator Temporary License, is section 12-61-910.3, C.R.S.

The statutory basis for this rule entitled 1-1-2 Mortgage Loan Originator Temporary License, is section 12-61-910.3, C.R.S. DEPARTMENT OF REGULATORY AGENCIES Division of Real Estate MORTGAGE LOAN ORIGINATORS 4 CCR 725-3 [Editor s Notes follow the text of the rules at the end of this CCR Document.] 1-1-1. [REPEALED EFF. 02/14/2011]

More information

UNFAIR, DECEPTIVE, OR ABUSIVE ACTS OR PRACTICES (UDAAP)

UNFAIR, DECEPTIVE, OR ABUSIVE ACTS OR PRACTICES (UDAAP) UNFAIR, DECEPTIVE, OR ABUSIVE ACTS OR PRACTICES (UDAAP) OVERVIEW Unfair, deceptive, or abusive acts and practices (UDAAPs) can cause significant financial injury to consumers, erode consumer confidence,

More information

Agency Name. Agency TIN

Agency Name. Agency TIN Producer Data Sheet Business Through Broker/Dealer, Broker/Dealer Affiliated Agency, or Bank Agency For Insurance License Appointment with Jackson National Life Insurance Company, Jackson National Life

More information

ORIGINAL HOUSE BILL NO. 0193 ENROLLED ACT NO. 31, HOUSE OF REPRESENTATIVES FIFTY-SEVENTH LEGISLATURE OF THE STATE OF WYOMING 2003 GENERAL SESSION

ORIGINAL HOUSE BILL NO. 0193 ENROLLED ACT NO. 31, HOUSE OF REPRESENTATIVES FIFTY-SEVENTH LEGISLATURE OF THE STATE OF WYOMING 2003 GENERAL SESSION AN ACT relating to insurance; authorizing the department of insurance to regulate the issuance of rental car insurance, as specified; providing for fees; providing a compliance date; and providing for

More information

CFPB and Lenders. A presentation on the Consumer Financial Protection Bureau and its impact on the lending industry

CFPB and Lenders. A presentation on the Consumer Financial Protection Bureau and its impact on the lending industry CFPB and Lenders A presentation on the Consumer Financial Protection Bureau and its impact on the lending industry What is the Consumer Financial Protection Bureau (CFPB)? Independent agency of the United

More information

Motor Vehicle Sales Tax Rates by State As of January 29, 2008, and Tax Credit Application

Motor Vehicle Sales Tax Rates by State As of January 29, 2008, and Tax Credit Application Florida Department of Revenue Tax Information Publication TIP No: 08A01-04 Date: January 28, 2008 Motor Vehicle Sales Tax Rates by State As of January 29, 2008, and Tax Credit Application Motor Vehicles

More information

OMC Complaints Handling Policy

OMC Complaints Handling Policy OMC Complaints Handling Policy May 2015 I. Introduction A. Objective and Purpose of the Complaints Handling Policy Ocean Mortgage Capital, Inc. ( OMC ) seeks to maintain its reputation as a mortgage brokerage

More information

GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2015 SESSION LAW 2015-232 SENATE BILL 446

GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2015 SESSION LAW 2015-232 SENATE BILL 446 GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2015 SESSION LAW 2015-232 SENATE BILL 446 AN ACT TO PROVIDE FOR THE UNIFORM TREATMENT OF FRANCHISED DEALER LOANER VEHICLES; TO CLARIFY THAT AGENTS OR AGENCIES

More information

Model Regulation Service January 2006 DISCLOSURE FOR SMALL FACE AMOUNT LIFE INSURANCE POLICIES MODEL ACT

Model Regulation Service January 2006 DISCLOSURE FOR SMALL FACE AMOUNT LIFE INSURANCE POLICIES MODEL ACT Table of Contents Section 1. Section 2. Section 3. Section 4. Section 5. Section 6. Section 1. Model Regulation Service January 2006 Purpose Definition Exemptions Disclosure Requirements Insurer Duties

More information

OMS NATIONAL INSURANCE COMPANY, RRG NEW BUSINESS ENTITY PROFESSIONAL LIABILITY APPLICATION

OMS NATIONAL INSURANCE COMPANY, RRG NEW BUSINESS ENTITY PROFESSIONAL LIABILITY APPLICATION OMS NATIONAL INSURANCE COMPANY, RRG NEW BUSINESS ENTITY PROFESSIONAL LIABILITY APPLICATION In order to expedite the application process, please be sure to answer all questions completely. Please be sure

More information

INFORMATION BULLETIN #28WC SALES TAX AUGUST 2008. (replaces Information Bulletin #28WC, dated May, 2007)

INFORMATION BULLETIN #28WC SALES TAX AUGUST 2008. (replaces Information Bulletin #28WC, dated May, 2007) INFORMATION BULLETIN #28WC SALES TAX AUGUST 2008 (replaces Information Bulletin #28WC, dated May, 2007) DISCLAIMER: SUBJECT: Informational bulletins are intended to provide nontechnical assistance to the

More information

CUNA s COMPLIANCE HIGHLIGHTS

CUNA s COMPLIANCE HIGHLIGHTS CUNA s COMPLIANCE HIGHLIGHTS TILA/RESPA INTEGRATED MORTGAGE DISCLOSURES For more than 30 years, Federal law has required lenders to provide two different disclosure forms to consumers applying for a mortgage.

More information

IIAC GUIDANCE: UNITED STATES SNOWBIRD AND TEMPORARY RESIDENT EXEMPTIONS

IIAC GUIDANCE: UNITED STATES SNOWBIRD AND TEMPORARY RESIDENT EXEMPTIONS IIAC GUIDANCE: UNITED STATES SNOWBIRD AND TEMPORARY RESIDENT EXEMPTIONS August 2012 IIAC Guidance on United States Snowbird and Temporary Resident Exemptions August 2012 This guidance reviews the U.S.

More information

Mon. ICBA Summary of the Military Lending Act Updated Regulation. August 2015. Month Year. Contact:

Mon. ICBA Summary of the Military Lending Act Updated Regulation. August 2015. Month Year. Contact: ICBA Summary of the Military Lending Act Updated Regulation August 2015 Month Year Mon Contact: Joe Gormley Assistant Vice President & Regulatory Counsel joseph.gormley@icba.org www.icba.org ICBA Summary

More information

National Surety Leader

National Surety Leader National Surety Leader Email: Underwriting@SuretyOne.org Facsimile: 919-834-7039 Mail: P.O. Box 37284, Raleigh, NC 27627 MORTGAGE BROKER BONDS MORTGAGE LOAN ORIGINATOR BONDS MORTGAGE LENDER BONDS STATE-BY-STATE

More information

Supervisory Highlights. Summer 2013

Supervisory Highlights. Summer 2013 Supervisory Highlights Summer 2013 Table of Contents 1. Introduction... 3 2. Supervisory Observations... 5 2.1 Compliance Management Systems... 5 2.2 Mortgage Servicing... 11 2.3 Fair Lending Provision

More information

House Substitute for SENATE BILL No. 117

House Substitute for SENATE BILL No. 117 House Substitute for SENATE BILL No. 117 AN ACT regulating traffic; relating to transportation network companies, transportation network company services, regulation. Be it enacted by the Legislature of

More information

ANNEX III SCHEDULE OF THE UNITED STATES HEADNOTES

ANNEX III SCHEDULE OF THE UNITED STATES HEADNOTES ANNEX III SCHEDULE OF THE UNITED STATES HEADNOTES 1. Commitments in these sub-sectors under Chapter 11 () are undertaken subject to the limitations and conditions set forth in these headnotes and in the

More information

Regulatory Practice Letter February 2014 RPL 14-05

Regulatory Practice Letter February 2014 RPL 14-05 Regulatory Practice Letter February 2014 RPL 14-05 CFPB Nonbank Supervision of International Money Transfer Providers Proposed Rule Executive Summary The Consumer Financial Protection Bureau (CFPB or Bureau)

More information

NC General Statutes - Chapter 53 Article 21 1

NC General Statutes - Chapter 53 Article 21 1 Article 21. Reverse Mortgages. 53-255. Title. This Article shall be known and may be cited as the Reverse Mortgage Act. (1991, c. 546, s. 1; 1995, c. 115, s. 1.) 53-256. Purpose. It is the intent of the

More information

NC General Statutes - Chapter 58 Article 49 1

NC General Statutes - Chapter 58 Article 49 1 Article 49. Determination of Jurisdiction Over Providers of Health Care Benefits; Regulation of Multiple Employer Welfare Arrangements. 58-49-1. Purposes. The purposes of this section and G.S. 58-49-5

More information

Mortgage Laws and Regulations-Georgia. Introduction. LegalEase was asked to review and summarize any legislation since January of 2007

Mortgage Laws and Regulations-Georgia. Introduction. LegalEase was asked to review and summarize any legislation since January of 2007 Mortgage Laws and Regulations-Georgia Introduction 23400 Michigan Avenue, Suite 101 Dearborn, MI 48124 Tel: 1-(866) 534-6177 (toll-free) Fax: 1-(734) 943-6051 Email: contact@legaleasesolutions.com www.legaleasesolutions.com

More information

APPLICATION FOR A FINANCIAL INSTITUTION BOND, STANDARD FORM NO. 15 FOR MORTGAGE BANKERS AND FINANCE COMPANIES

APPLICATION FOR A FINANCIAL INSTITUTION BOND, STANDARD FORM NO. 15 FOR MORTGAGE BANKERS AND FINANCE COMPANIES This form must be completed for each new bond and at each premium anniversary. If more space is needed to answer any of the questions contained herein, attach additional sheets. Application is hereby made

More information

A-79. Appendix A Overview and Detailed Tables

A-79. Appendix A Overview and Detailed Tables Table A-8a. Overview: Laws Expressly Granting Minors the Right to Consent Disclosure of Related Information to Parents* Sexually Transmitted Disease and HIV/AIDS** Treatment Given or Needed Alabama 14

More information

GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2013 SESSION LAW 2013-327 HOUSE BILL 616

GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2013 SESSION LAW 2013-327 HOUSE BILL 616 GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2013 SESSION LAW 2013-327 HOUSE BILL 616 AN ACT AMENDING THE SECURE AND FAIR ENFORCEMENT MORTGAGE LICENSING ACT TO PROVIDE FOR THE LICENSURE OF A TRANSITIONAL

More information

Unfair or Deceptive Acts or Practices by State-Chartered Banks March 11, 2004

Unfair or Deceptive Acts or Practices by State-Chartered Banks March 11, 2004 Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Unfair or Deceptive Acts or Practices by State-Chartered Banks March 11, 2004 Purpose The Board of Governors of the

More information

Leaders Life Insurance Accident Claim Filing Instructions

Leaders Life Insurance Accident Claim Filing Instructions Leaders Life Insurance Accident Claim Filing Instructions Page One Filing Instructions: Complete the appropriate sections of the claim form (page 2) Attach an itemized billing from your provider which

More information

Accident Claim Filing Instructions

Accident Claim Filing Instructions Accident Claim Filing Instructions The offering Company(ies) listed below, severally or collectively, as the content may require, are referred to in this authorization as We or Humana. Life, Specified

More information

Overview of Financial Products and Consumer Protections

Overview of Financial Products and Consumer Protections Overview of Financial Products and Consumer Protections Presented by the Consumer and Mortgage Lending Division, House Financial Institutions Committee January 23, 2014 Role of the CML Division The Consumer

More information

DOL Whistleblower Rule Will Have Far-Reaching Effects

DOL Whistleblower Rule Will Have Far-Reaching Effects Portfolio Media. Inc. 860 Broadway, 6th Floor New York, NY 10003 www.law360.com Phone: +1 646 783 7100 Fax: +1 646 783 7161 customerservice@law360.com DOL Whistleblower Rule Will Have Far-Reaching Effects

More information

AIG Benefit Solutions Underwritten by

AIG Benefit Solutions Underwritten by Proof of Group Death Claim The United States Life Insurance Company in the City of New York* PLEASE ANSWER ALL QUESTIONS FULLY AS THIS WILL HELP EXPEDITE THE EVALUATION OF THIS CLAIM. POLICYHOLDER S STATEMENT

More information

West s Annotated MISSISSIPPI CODE

West s Annotated MISSISSIPPI CODE West s Annotated MISSISSIPPI CODE Using the Classification and Numbering System of the Mississippi Code of 1972 Title 73 Professions and Vocations 2002 Cumulative Annual Pocket Part Chapter 60 HOME INSPECTORS

More information

Home Inspectors Professional Liability Application

Home Inspectors Professional Liability Application Home Inspectors Professional Liability Application 1. Contact Information: Name of Applicant: Work : Cell : Street Address: Email: City: State: Zip: 2. Business Information Business Name: Years experience

More information

Financial Services Update June 11, 2013

Financial Services Update June 11, 2013 Financial Services Update June 11, 2013 HIGHLIGHTS Federal Regulatory Developments: CFPB Amends Examination Manual State Regulatory Developments: Texas Proposes Constitutional Amendment Regarding Reverse

More information

ASSEMBLY BILL No. 335

ASSEMBLY BILL No. 335 AMENDED IN ASSEMBLY JANUARY 6, 2014 california legislature 2013 14 regular session ASSEMBLY BILL No. 335 Introduced by Assembly Member Brown February 13, 2013 An act to amend Section 14602.6 of the Vehicle

More information

63rd Legislature AN ACT REPEALING THE MONTANA TITLE LOAN ACT; AMENDING SECTIONS 31-1-106, 31-1-111,

63rd Legislature AN ACT REPEALING THE MONTANA TITLE LOAN ACT; AMENDING SECTIONS 31-1-106, 31-1-111, 63rd Legislature HB0118 AN ACT REPEALING THE MONTANA TITLE LOAN ACT; AMENDING SECTIONS 31-1-106, 31-1-111, 31-1-112, 31-1-401, AND 32-5-103, MCA; REPEALING SECTIONS 31-1-801, 31-1-802, 31-1-803, 31-1-804,

More information

RISK MANAGEMENT UPDATE Lessons [To Be] Learned from Recent Enforcement Actions

RISK MANAGEMENT UPDATE Lessons [To Be] Learned from Recent Enforcement Actions RISK MANAGEMENT UPDATE Lessons [To Be] Learned from Recent Enforcement Actions Presented by: Dixie K. Hieb and Robb Schlimgen Davenport, Evans, Hurwitz & Smith, LLP www.dehs.com 2014 Davenport, Evans,

More information

ALERT. Consumer Protection and Unfair Competition Law

ALERT. Consumer Protection and Unfair Competition Law Consumer Protection and Unfair Competition Law LOEB & LOEB adds Knowledge. ALERT April 2010 Updated Summary of Proposed California Debt Settlement Act (AB 350) By Michael L. Mallow and Michael A. Thurman

More information

NON OWNED & HIRED AUTO

NON OWNED & HIRED AUTO 1. Applicant Information A) Name (First named insured and other named insureds) OWNED AUTO LIABILITY B) Do you own any vehicle (in your company s name)? If yes, who is the insurer of these vehicles? C)

More information

ASSEMBLY BILL No. 2293

ASSEMBLY BILL No. 2293 california legislature 2013 14 regular session ASSEMBLY BILL No. 2293 Introduced by Assembly Member Bonilla February 21, 2014 An act to amend Section 11580.24 of the Insurance Code, relating to motor vehicle

More information

GENERAL ASSEMBLY OF NORTH CAROLINA 1991 SESSION CHAPTER 546 HOUSE BILL 22

GENERAL ASSEMBLY OF NORTH CAROLINA 1991 SESSION CHAPTER 546 HOUSE BILL 22 GENERAL ASSEMBLY OF NORTH CAROLINA 1991 SESSION CHAPTER 546 HOUSE BILL 22 AN ACT TO REGULATE REVERSE MORTGAGES. The General Assembly of North Carolina enacts: Section 1. Chapter 53 of the General Statutes

More information

Regulatory Practice Letter June 2012 RPL 12-11

Regulatory Practice Letter June 2012 RPL 12-11 Regulatory Practice Letter June 2012 RPL 12-11 Mortgage Rule Modifications under CFPB Consideration Executive Summary The Bureau of Consumer Financial Protection ( CFPB ) has announced that it intends

More information

REPORT ON LIMITED LINES INSURANCE JANUARY 15, 2014. MSAR No. 9844

REPORT ON LIMITED LINES INSURANCE JANUARY 15, 2014. MSAR No. 9844 REPORT ON LIMITED LINES INSURANCE JANUARY 15, 2014 MSAR No. 9844 For more information concerning this document, please contact: Nancy J. Egan Assistant Director of Government Relations Maryland Insurance

More information

Office of Financial Regulation. Alisa Goldberg Chief, Bureau of Registration Division of Securities

Office of Financial Regulation. Alisa Goldberg Chief, Bureau of Registration Division of Securities Office of Financial Regulation Alisa Goldberg Chief, Bureau of Registration Division of Securities 1 History The Office of Financial Regulation (OFR) was created in 203 by section 20.121(3), Florida Statutes,

More information

Senate Bill No. 373 Senator Hardy

Senate Bill No. 373 Senator Hardy Senate Bill No. 373 Senator Hardy CHAPTER... AN ACT relating to insurance; providing for the licensure of a producer of limited lines travel insurance; authorizing such producers to offer and disseminate

More information

Chapter 6a Service Contracts

Chapter 6a Service Contracts Chapter 6a Service Contracts 31A-6a-101 Definitions. (1) "Mechanical breakdown insurance" means a policy, contract, or agreement issued by an insurance company that has complied with either Chapter 5,

More information