The Texas Finance Commission has adopted rules proposed by the Texas Department of Savings and Mortgage Lending. These rules were published in the November 15, 2024 edition of the Texas Register. These changes are effective November 23,…
Pursuant to our monthly audit of Federal Agency forms our teams found that that HUD Important Notice to Homebuyers 92900-B (Cx40) and HUD Addendum to Uniform Residential Loan Application Form 92900-A (Cx24442) required updates. We are updating the following forms to match the model forms listed on the HUD website….
Cx15312 is a duplicate of the Model A-3/H-3 Form provided by the Federal Trade Commission, Federal Reserve Board, and Consumer Financial Protection Bureau pursuant to the provisions of 15 USCA § 1681m(h) and 12 CFR §§ 222.74(d)(1), 1022.74(d)(1), and 16 CFR § 640.5(d)(1)….
Per SC Code 1976 § 30-5-30, on all written instruments (except for mortgage satisfactions), there must be two witnesses including either a probate verification (SC Code 1976 § 30-5-30(A)) or an acknowledgment statement (SC Code 1976 § 30-5-30(B)).
With a probate verification,…
The DE Second Mortgage (Cx475) and the LA Second Mortgage (Cx485) both allow the lender to disclose attorney fees as a percentage of the principal and interest. See 5 Del. C. § 2223 & La. R.S. § 6:1097. The amount of the percentage is determined by the lender,…
California Assembly Bill 2424 adds a requirement to California Civil Code § 2932.2 for mortgagee, beneficiary or authorized agent to provide a disclosure notifying buyers of properties with four units or less that a third party such as a family member,…
As part of an ongoing audit of second lien and HELOC documents, we have made the following changes to Cx1061 Fixed Rate Note Nebraska Second, Cx3044 HELOC Deed of Trust – NE and the Nebraska version of Cx21652 HELOC Agreement….
Texas case law precedent holds that the homestead of a borrower can be established even without a written designation. Blake v. Fuller, 184 184 S.W.2d 148,151 [Tex. Civ. App. 1944].
The TX Homestead Affidavit, Cx19609, was created to satisfy the provisions of Tex….
All post-2021 first lien closed end standard security instruments in ConformX share the same logic in the notary acknowledgment area. This notary acknowledgment coding prints different text and content on the security instrument based on Property State (FI 1714) and Security Instrument Notary Type of Presence (FI 137249)….
Clients who have not yet submitted any needed customizations to accurately disclose their ROV process in Cx27674 “Notice of Right to Request a Reconsideration of Value (ROV)” are asked to contact Docutech’s Client Support immediately in order to meet the go-live date of October 31,…
