Document Updates: Enhanced Prepayment Fee Addendum (Cx12387) & Enhanced Prepayment Fee Rider (Cx12388)
After review, Docutech has updated Cx12387 “Enhanced Prepayment Fee Addendum” and Cx12388 “Enhanced Prepayment Fee Rider” to better match the “Borrower’s Right to Prepay” section of the Notes for adjustable rate and interest only loans.
The changes to the “Borrower’s Right to Prepay” sections of Cx12387 and Cx12388 affect the last sentence of the second paragraph,…