The IRS now provides a copy of their much anticipated Form 4506-C on their website (available directly at: https://www.irs.gov/pub/irs-pdf/f4506c.pdf). The purpose of this form is succinctly promulgated by the IRS as follows:
“Form 4506-C was created to be utilized by authorized Income Verification Express Service (IVES) Participants to order Tax Transcript records electronically for a third party….
Provided for Cal. Fin. Code §§ 22314 & 223338 and Cal. Code Regs. tit. 10, § 1454, Cx5188 contains a disclosure of the name, address, license number, and NMLS number of both the broker and the lender, as required by the following:
“Any statement of loan form used by a mortgage lender,…
This document is provided pursuant to FHA Single Family Handbook 4000.1 Pt. II.A.1.a.i(C)(1)(a), which requires the following (cited in relevant part):
“. . . The Mortgagee must obtain a non-borrowing spouse’s consent and authorization where necessary to verify specific information required to process the mortgage application,…
By: Timothy A. Raty, Sr. Regulatory Compliance Specialist
“Doveryai, no proveryai.” (Russian Proverb)
“Trust, but verify.” (Ronald Reagan)
The Economic Growth, Regulatory Reform, and Consumer Protection Act (132 Stat. 1296 [2018];…
As previously announced, California has changed the name of their “Department of Business Oversight” to the “Department of Financial Protection and Innovation”.
Even though this change does not officially take effect under statutory law until January 1,…
The following changes are being made to the redesigned FNMA Form 1003/FHLMC Form 65 (our Cx20667) following further testing that has been done during the FNMA/FHLMC Limited Production Period:
…
Cx18182 and Cx18183 are provided due to a combination of Regulation B (12 C.F.R. § 1002.14), Regulation Z (Ibid. § 1026.35[c]), and “Appraiser Independence Requirements” (“AIR”) provisions, with different, dynamic versions of the forms printing based upon lien position,…
On September 25, 2020 Gov. Gavin Newsom (D) approved CA A.B. 1864 (2020), which renames and repurposes the California Department of Business Oversight into the new California Department of Financial Protection and Innovation (see http://leginfo.legislature.ca.gov/faces/billHistoryClient.xhtml?bill_id=201920200AB1864). This change will take effect on January 1,…
The Inter Vivos Revocable Trust Rider (Cx21131) has been modified to better reflect individual borrower signature lines printing on the security instrument and other riders to security instrument. The cosigner settings are now reflected in this individual signature area of Cx21131:
“BY SIGNING BELOW,…
The following changes are being made to the redesigned FNMA Form 1003/FHLMC Form 65 (our Cx20667) following further testing that has been done during the FNMA/FHLMC Limited Production Period:
…
