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201 CMR 17 Compliance Checklist For Mortgage Brokers! Are You in Compliance?



If you are a mortgage broker or mortgage originator doing business in Massachusetts you need to understand how MGL93H and Regulation 201.CMR.17 impacts how you need to handle personal information and manage your business in the future. Effective March 1, 2010 licensed mortgage brokers are responsible for the safety and security of any Massachusetts residents personal information that is collected, handled or stored by you or your staff. Your mortgage business must have a written plan, known as a WISP “Written Information Security Plan” in place and being followed, to not only protect the safety and security of the personal information of your clients, but also to protect your business. Below is a checklist to help you get organized and develop the plan you will need to comply.

The Commonwealth of Massachusetts enacted MGL 93H which defines security breaches and regulations for the safeguarding of personal information of any Commonwealth of Massachusetts resident. Regulation 201 CMR 17.00 implements the provisions of the law and describes what you need to have in place in order to achieve compliance.

What Does 201 CMR 17 Mean For My Mortgage Business?

201 CMR 17.00 sets the minimum standards for the protection of personal information of any Massachusetts resident. It does not matter if this personal information is stored in a filing cabinet, a desk drawer or on your network database, you are responsible for its safety and security as set forth in 201 CMR 17. Massachusetts, like many states is responding to the growth of identity theft and is putting responsibility on those businesses (such as a mortgage broker) to follow a set of requirements in order to effectively protect personal data from those that might use it inappropriately or illegally. As a mortgage broker these regulations impact how you do business and who you do business with. If your originators, processing staff or even others that may be involved with a loan transaction such as an attorney, real estate agent or credit bureau have access to or store personal information about your borrowers or prospects (that reside in Massachusetts) such as their name, along with:

  • Address
  • Social Security number
  • Credit card number
  • Driver’s license information
  • Other state issued identification information

then these regulations will affect them also and you are responsible for taking steps to comply and control the collection, handling storage and distribution of this personal information. This means that you need to protect yourself and your business and only share personal data with businesses that you verify are in compliance with 201 CMR 17.

This regulation is not just about clients and customers. If you are located in the Commonwealth of Massachusetts and have employees who reside in Massachusetts and you keep employment applications, a copy of a drivers license, a personnel file or payroll information on them than 201 CMR 17 applies to you and you must comply.

So What Steps Do I Take To Be in Compliance?

The key to CMR 201 17.00 is the development, implementation, maintenance and monitoring of a comprehensive written information security plan (WISP). This WISP is meant to address handling and storage of any records containing personal information. In addition to creating and maintaining a WISP, you will need to identify the components of the program. This includes:

  • Designation of one or more employees to maintain the wISP.
  • Identify and assess reasonably foreseeable internal and external risks to the security and confidentiality of any personal information you handle of store
  • Develop security policies and procedures for employees and the handling of personal information.
  • Limit the amount of personal information collected to what is necessary to perform the transaction.
  • Identify all areas, storage and devices used to store personal information and develop a plan for its security.

201 CMR 17.00 goes further to address Computer System Security Requirements. The Commonwealth of Massachusetts has outlined technology requirements in order to be compliant. These requirements should be discussed with an IT professional. They impact not only your server, but desktop computers, laptop computers, network scanners and copiers. Things to discuss include:

  • Securing user authentication protocols
  • Securing access control measures such that restrict access to records as well as manage passwords and users.
  • Encrypting data during transmission as well as any data on mobile devices such as laptops and PDAs.
  • Ensuring that there are current versions of security software such as anti-virus on systems.
  • Training employees about information security

A lot of publicity regarding the theft of personal information has been linked to laptop computers by the media. Personal information can be compromised and stolen while being stored on computers or transmitted electronically, but this critical data can also be stolen while sitting on a desk or in am unlocked file cabinet in paper form also. Even how you dispose of this information is important to consider, as you are responsible for even what you throw away into the dumpster. Shredding and a disposal service a key components of any effective Mortgage Company WISP. The goal of MA MGL 93H and 201 CMR 17.00 is to change how a business views personal information and important steps that need to be taken for its proper collection, use, storage, transport and destruction.

Securing personal information not only protects your clients, but also your business against fines and lawsuits and make sure you are in compliance with 201 CMR 17 and develop and implement a Mortgage Company WISP now.


Famous Futuristic George Gilder Weighs BSV Over BTC at Summit



Bitcoin (BTC) Prices Hold Steady After a Severe Turmoil
  • The Summit is held annually to help investors discover new market trends.
  • Gilder highlighted the advantages of BSV over BTC to the current issues.

As per renowned futuristic George Gilder, a “dynamic Bitcoin” that has “really created a miracle in recent months,” BSV is on the verge of becoming the de facto standard for all global currency in the next five to ten years. The Famous futurist gave an online “Six Predictions Summit” presentation to a group of financial experts, highlighting the advantages of BSV over BTC as the answer to the current economic and technical issues.

Framework for New World Order Required

According to Gilder, “immutable, unhackable” Bitcoin and the blockchain have produced freedom from political control currency. “Dual hacking crises” (technology hacking and economic hacking) affect today’s globe. Still, they may be addressed by establishing a new global economy and laying a framework for new world order.

The Six Predictions Summit is held annually to help investors discover new market trends. Due to current travel and other constraints, this year’s event was hosted online instead of in person. Renowned investing trend spotters Jim Rickards, James Altucher, Ray Blanco, Zach Scheidt, and Alan Knuckman joined hosts Doug Hill and Matt Insley on the show.

George Gilder has referenced Bitcoin’s “digital gold” myth at several points. Aside from noting that “the original Bitcoin, BTC” and Bitcoin Satoshi’s Vision or BSV are distinct, he reaffirmed gold’s usefulness as a long-term store of wealth.

Gilder said:

“Bitcoin Satoshi Vision has really created a miracle in recent months, rather than the static Bitcoin, which people hold on for dear life. It’s a dynamic Bitcoin that moves with the advance of technology.”

Despite the fact he called BTC “Bitcoin”, “the original Bitcoin” was not the answer he was talking about. The asset was regarded by him as being of no use to anybody except speculators, terming it as static.

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Is the Future of Real Estate in the Metaverse?



Is the Future of Real Estate in the Metaverse?

Although the metaverse is not a new concept, it has recently gained much more attention. Many are now becoming familiar with the idea, and are looking into what its future offers and how they can be a part of it. The metaverse will completely transform the current way of life for the average individual, affecting work, trade, entertainment, leisure, exercise, social interactions, and everything in between.

Apart from the retail players, big tech companies are also getting into the space. Facebook, the world’s most popular social media platform as of 2021, has recently rebranded to “Meta”, showing its commitment to this new space. According to an official announcement, rebranding was necessary because the company is shifting its focus to bring the metaverse to life. Footwear and apparel giant Nike is also preparing for the metaverse and has signified interest in creating its own space, as well as Adidas, another powerhouse brand.

The metaverse will transform many aspects of life by improving interpersonal interactions, establishing communities, and helping businesses grow. The climate required to create and operate a successful business will also change considerably. Firstly, the metaverse will allow businesses, regardless of size, to establish digital stores for their goods and services. A significant advantage of these capabilities for the average company is that opening a physical store is no longer necessary. This could significantly reduce overhead costs without having to sacrifice customer reach. In a virtual world, a company can tap into wider audiences beyond the physical boundaries imposed in a real-life setting.

There are also multiple metaverse use cases for the entertainment sector. For example, entertainment brands could use metaverse locations to preview music to excite virtual fans, holding mega concerts to listeners around the world. Furthermore, fans may also get the chance to meet and interact with their favorite celebrities, an opportunity rarely possible in the real world.

Additionally, people can gather for leisure activities in virtual parks to play or bond over shared interests and ideas. These locations could replicate attractions available in the real world, engaging all different types of users in the process. For instance, people can build teams based on varying activities, including everything from traveling, virtual combat, or playing chess. The metaverse will offer a slew of new opportunities for individuals and brands alike.

One of the less obvious but very promising advantages of the metaverse is the opportunity to capitalize on virtual real estate. Regardless of sector or industry, the shift to the metaverse still requires individuals and businesses to establish a presence on the metaverse; this is where virtual real estate comes in and plays its part.

All metaverse offerings, including commerce, healthcare, entertainment, and other sectors, must set up shop somewhere in the metaverse to reach their desired base. Individuals can also invest in virtual properties for various reasons, In parallel to the traditional real estate market, Investors can earn profit by purchasing properties and leasing them to businesses and other franchises. Investors can also simply buy virtual properties, hold them into the future, and later flip them for a potential profit. With 500 million dollars sold just in real estate in the metaverse, last year projections state that it will double this year!

The key to making the best out of a real estate investment is getting in early. As with everything else, early buyers catch on quicker and are in a better position to make a profit if and when the value increases. Investors are able to pick their property at floor price in a strategic approach that will allow the potential for a larger profit as well as an easier sale just as investors do in the traditional real estate setting. Users looking to get into digital real estate in the metaverse can start their virtual portfolio and begin with Ethereum Towers.

Ethereum Towers

Ethereum Towers is a community-centric vertical megastructure set in the Ethereum Worlds metaverse. Consisting of 4,388 separate apartments, Ethereum Worlds is a major player in the space available to investors interested in taking an early chunk of the metaverse real estate market as it grows. The apartments in the structure are in two identical towers, each with 101 stories. Each apartment is an NFT on the Ethereum network and is available as an ERC-721 token.

All owners in the Ethereum Towers can use their apartments however they please. Each owner can personalize their space how they wish, giving them full autonomy over their digital real estate asset. For this, the Ethereum Towers offers a marketplace with a wide range of accessories, furnishings, and ornaments that owners can purchase and set as preferred. Since each apartment is available on the Ethereum blockchain as an NFT, ownership is guaranteed and easily verifiable.

Due to the deliberate design, Ethereum Towers apartment owners and guests can explore the social benefits of a large community with similar interests. All residents partake in a virtual social experience supported by meaningful interpersonal interactions. Each tower possesses communal areas where owners can meet and interact, regardless of any preconceived boundaries that would limit interaction in the physical world. Through these interactions, users can build a strong sense of belonging and establish friendships along the way.

Perhaps the most significant advantage to Ethereum Towers is the investment opportunity it offers. In the metaverse, unlike in the real world, digital property assets usually have a much lower entry barrier, making it much easier for interested investors to get involved before the masses. The value of the apartments are projected to increase over time as meta living becomes more popular, providing early adopters a chance to capitalize on being first movers.

Getting In Early

Investors that have been able to identify ideas that dramatically impact the functionality of the future have always prospered. Those who understand the impact and utility around the metaverse too will have a major headstart within the benefits that this realm will offer. With Facebook being one of the largest and most successful companies taking action to rebrand itself as “Meta,” this should give investors a clear idea that a new significant era is on the horizon.


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Popular Analyst Predicts Major Breakout for Ethereum (ETH) on the Cards



Ethereum To Reach $20 Trillion by 2030 as per Ark Invest CEO Cathie Wood
  • Ethereum’s price has rebounded from a two-month decline in the last week.
  • Partisans are bullish on ETH 2.0 and are targeting a price of $8,000 shortly.

Since its January lows, the price of Ethereum has risen almost 50%. The Ethereum blockchains native token, Ether, has recently shown indications of resurgence. The altcoin is benefiting from several fundamental factors.

ETH/USDT: Source: TradingVIew

Ethereum’s price has rebounded from a two-month decline in the last week and has already reached the $3,000 mark. Cryptocurrency analyst Benjamin Cowen predicted a significant breakout for Ethereum (ETH) this week. According to him, the ETH price range between $2,000 and $4,000 represents a major re-accumulation zone for a medium-term runway of higher prices.

Upcoming ETH 2.0 Crucial

It’s also predicted that the network’s different offerings would show greener candles. Additionally, Partisans are bullish on ETH 2.0 and are targeting a price of $8,000 shortly. As the price of ETH continues to rise steadily, the fear and greed index for Ethereum weighs more heavily on the greed side of things.

Every obstacle on its path to the $3,200 mark on the daily chart has been overcome by Ethereum. Bulls are fully expecting the next price drop to be taken out by them. Aiming for the $3,600 level, investors have successfully crossed the 50 SMA and the bearish sloping line.

More than 45 percent of Ethereum’s value has been wiped off since its all-time high on November 10. Since its November high, Bitcoin, the world’s most valuable digital currency, has fallen by more than half. However, prices reversed their downward trend in February.

However, if pricing fails to hold above $2,800 in the next few trading days, we might witness a further decline below $2,400. According to CoinMarketCap, the Ethereum price today is $3,195.23 USD with a 24-hour trading volume of $13,485,593,739 USD. Ethereum has been up 3.84% in the last 24 hours.

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