On September 1, 2026, Connecticut announced a multistate settlement with NewRez LLC related to noncompliance with lender-placed insurance rules.
What changed
NewRez LLC is required to pay $15.5 million in administrative costs and penalties as part of the settlement.
Compliance perspective
Compliance officers must ensure adherence to RESPA and Regulation X requirements to avoid similar issues.
Key date
Effective date: August 31, 2026.
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