Monthly Regulatory Compliance Change Management Summary

This month’s Regulatory Compliance Change Management conference call will take place on Wednesday, November 28 at 2pm EST. To register for the monthly call, please email compliancechgmngt@cenlar.com. For your convenience, the call will be recorded and made available to clients who are unable to attend.  If you have already registered for a previous call there is no need to request registration again.

Any questions related to the monthly summary, overview process, or specific regulatory change items can be sent directly to compliancechgmngt@cenlar.com and the Compliance Department will respond within 2 business days of receipt (excluding weekends and holidays).

Please find both our monthly Regulatory Compliance Change Management Summary as of October 31, 2018 here.  The report has been updated to include an additional tab titled “ Closed – No Impact.”  This tab includes all items reviewed by the Legal Department and deemed not impactful to Cenlar. Additionally, as a result of client feedback, the following description of informational items has been added to the report:

Informational items can consist of a variety of updates that don’t require an Implementation, but Cenlar’s Business Units still benefit from receiving the information. For example: FAQ’s, GSE/Insurer system maintenance, and training.

Noteworthy Items:            

• Q5071 Jacksonville, FL Ordinance 2018-104-E – There may be instances where you may incur an additional $35 fee for each vacant property due to the specific posting requirements outlined in Ord.2018-104-E Sec. 179.106(d). Safeguard has explained if they have already secured the property and have to go back out to adhere to the posting requirements, that is when you will incur the additional fee.