In order to provide clarity, we will be updating the Indiana Property Tax Benefits form (Cx14885) to include a cover sheet with instructions for the document. According to Ind. Code Ann. §6-1.1-12-43(d)(2), “A closing agent […] in reproducing the form,…
This month in our 4.8.24 ConformX software release changes are being made to our Amortization Schedule (Cx12) for Forgivable loans. Forgivable loans that are not disclosed as a balloon payment will now reflect the forgivable amount on the Amortization schedule at the desired frequency….
We have recently reviewed our State lock agreements for signature requirements and eSignature functionality. As a result of this review, we are making the following changes:
Cx2792: Washington State Interest Rate Lock Agreement: This document does not require a Lender signature,…
According to Ill. Admin. Code tit. 38 §1050.1110 the Option to Pledge a Time Deposit in Lieu of an Escrow Account (Cx1014) and the copy of the Illinois Mortgage Escrow Account Act (Cx1207) are required to be given to the applicant “[i]f the mortgage is not FHA-insured or VA-guaranteed and relates to the purchase of owner-occupied,…
Vermont Admin. Code 4-2-3:4(a) requires that before a Mortgage Broker takes any fee or collects any charges, or at the time the prospective borrower submits a signed application, whichever occurs first, the Broker and the prospective borrower must both sign a contract that sets forth (i) the particulars of the service to be performed,…
Section 184 forms are available upon request in ConformX. Section 184A forms for Hawaii are now also available upon request.
Section 184A Version of HUD Forms for Hawaii
The following ConformX documents have been updated to print the Section 184A version for the state of Hawaii:
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Pursuant to our monthly audit of Federal Agency forms and to match the model forms made available at https://www.irs.gov/pub/irs-pdf/fw8ben.pdf, we will be making the following changes to Cx7938:
The IRS has published an updated Form W-8BEN Certificate of Foreign Status of Beneficial Owners for United States Tax Withholding and Reporting (Individuals)….
By: Tadayoshi Sakota, Corporate Counsel
Since the announcement of the 4506-C, First American Docutech has received many questions about how the form should be filled out. The IRS has published some guidance, but it leaves some questions only partially answered….
“NV Mortgage Company Compensation Disclosure” our form (Cx14279) is provided pursuant to Nev. Rev. Stat. Ann. § 645B.305, which was updated in 2020, as described in a prior announcement: https://compliance.docutech.com/2020/03/17/document-updates-nevada-division-of-mortgage-lending-model-forms-cx12913-cx13030-cx14279/
Nev. Rev. Stat. Ann. § 645B.305 states: “A mortgage company shall ensure that each loan secured by a lien on real property for which he or she engages in activity as a mortgage company includes a disclosure…”
The change in 2020 replaced the term “mortgage broker” in the statute with the term “a mortgage company”,…
In the 24th edition of Supervisory Highlights the Consumer Financial Protection Bureau (CFPB) issued an opinion on the Georgia Waiver of Borrower Rights. The Examiners determined that the waiver was deceptive because the borrowers were waiving all of their rights to notice or to judicial hearing before the lender exercises its right to nonjudicially foreclose on the property….
