Halliday, Watkins & Mann P.C.

At Halliday, Watkins & Mann P.C., we know #Alaska!

At Halliday, Watkins & Mann P.C., we know #SouthDakota!

Halliday, Watkins & Mann P.C., we know our state of #NorthDakota!

The state of #Utah, Where Halliday, Watkins & Mann P.C. is headquartered, is proposing a bill that aims to promote responsible AI development while analyzing optimal regulations through a temporary learning program, allowing companies to test AI technologies with temporary regulatory exemptions. The bill, S.B. 149, establishes an Office of AI Policy to oversee this process, allowing regulatory mitigation agreements between the state, AI companies, and agencies during the testing period, and the Office must report annually to the legislature on findings and recommendations for AI policies and legislation. Some specific aspects of the bill: - Defines terms related to AI and generative AI systems. - Establishes liability for using generative AI in violation of consumer protection laws without disclosure. - Creates an Office of Artificial Intelligence Policy and Learning Laboratory Program for assessing AI. - Requires disclosure when interacting with generative AI in regulated occupations. - Gives the AI Office rulemaking authority over AI programs and exemptions. - Makes using generative AI to aid crimes punishable. All important aspects of legislating Artificial Intelligence and making it safer for users and consumers alike. #AIRegulation #ResponsibleAI #EmergingTech

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Halliday, Watkins & Mann P.C., we know #Utah!

Attention law firms and financial institutions in the mortgage industry! Recent revelations about the Master Homeowners Association for Green Valley Ranch in far-northeast Denver have shed light on the alarming power of HOAs to initiate foreclosures. This particular HOA filed nearly half of all HOA foreclosures in Denver in a single year! As lawmakers in Colorado introduce new bills to regulate HOAs and metro districts, it's crucial for industry professionals to stay informed and adapt to these changes. The proposed legislation aims to restrict foreclosures, require written policies, enhance notifications, and add licensing requirements for professional managers. By working together with lawmakers and advocating for fair practices, we can help ensure HOA's are not abusing the system, alongside our responsibility to always maintain compliance with the latest regulations and follow ethical practices that protect homeowners' rights. Embracing these reforms not only benefits all of us but also strengthens our industry's reputation and builds trust with the communities we serve. Let's take proactive steps to navigate these changes and create a future where responsible lending and servicing practices are the standard. For more specific details about CO legislative updates, please contact our office. This article also provides some relevant details: https://lnkd.in/gfsXr-B5

Halliday, Watkins & Mann P.C.'s very own Hillary McCormack wrote an excellent summary for the USFN about this important decision regarding the #StatuteOfLimitations. Worth a read! https://lnkd.in/gQK4YF8V

A Win for Property Rights in South Dakota Our firm applauds South Dakota for recently passing legislation to end home equity theft in the state. Governor Kristi Noem signed House Bill 1090 into law, requiring governments to auction tax-foreclosed properties within one year and return excess proceeds to the original owner. This new law aligns with the U.S. Supreme Court's unanimous Tyler v. Hennepin County decision, which we have discussed in the past, and which ruled that retaining equity from tax-foreclosed homes is unconstitutional. While South Dakota now protects its citizens' property rights, eighteen states still allow equity theft, harming homeowners and exposing governments to legal liability. We can only hope more states follow South Dakota's lead in establishing fair protections that balance individual property rights, tax collection, and the greater good. Getting this balance right matters for homeowners, communities, and the rule of law. #propertyrights #realestatelaw #taxlaw

Here at Halliday, Watkins & Mann P.C., we know #Colorado!