On July 28, 2023, Governor JB Pritzker approved Illinois House Bill 2717 which amends the Illinois Mortgage Escrow Account Act regarding notifications about terminating or continuing escrow accounts for higher-priced mortgage loans.
Cx1207 “IL Mortgage Escrow Account Act” and Cx16095 “IL Mortgage Escrow Account Act” are provided pursuant to 765 ILCS 910/11 and 38 Ill….
According to MD Commercial Law §12-805(d)(1) a “Finder’s fee” is not allowed to be charged unless it is pursuant to a written agreement between the mortgage broker and the borrower. The law in §12-801(d) defines the term “Finder’s fee” as “any compensation or commission directly or indirectly imposed by a broker and paid by or on behalf of the borrower for the broker’s services in procuring,…
Docutech is making a configuration update to the OK Title Protection Notice (Cx3851) to only print for purchase loans. Previously Cx3851 printed regardless of loan purpose and now it will print when Loan Purpose (FI 5991) is one of the following:
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After a review of the Wyoming lending laws applicable to the HELOC Mortgage Requirement, Cx1403, we have determined that under the section titled “RELEASE”, “to the extent permitted by law” should be added to clarify certain limitations on charging fees for a satisfaction of mortgage under Wyoming law may apply….
According to Rhode Island General Law §44-30-71.3 and 280 RICR 20-10-1.11, in a sale of real property and associated tangible personal property owned by a nonresident, the buyer is required to deduct and withhold on the payments an amount equal to six (6%) percent of the total payment to nonresident individuals,…
Minnesota Notary
Minn. Stat. § 358.14 requires:
“…if spouses join in and acknowledge the execution of any instrument, they shall be described in the certificate of acknowledgment in a manner that indicates they are married to each other…”
ConformX Software Enhancement
With the December ConformX software release,…
After a review of the Alaska Deed of Trust (Cx25280), we modified the heading for the recording address to state “After Recording Return To:” in place of “Return:”.
This change is available on Stage servers for testing and will be in effect on November 28,…
Our Fixed Rate Note Alabama Second, Cx1033, contains a notice near the bottom of the document that reads:
CAUTION — IT IS IMPORTANT THAT YOU THOROUGHLY READ THE CONTRACT BEFORE YOU SIGN IT.
This notice is provided per Ala….
According to DC Municipal Regs. Tit. 9 § 335, an application for exemption from real property tax is to be made at the time a deed that transfers real property is presented for recordation. The DC Office of Tax and Revenue publishes a model form….
After review of Cx1046, the IL Second Fixed Rate Note, we are updating the title to include “THIS NOTE IS SECURED BY A JUNIOR MORTGAGE” to be placed under the word “NOTE” pursuant to 815 ILCS 5/3 (K).
The changes are available on Stage servers for testing and will take effect on November 21,…
