We will be discontinuing the use of Cx12271 – OH Business Relationship Disclosure Notice, and using Cx11413, Affiliated Business Arrangement Disclosure Statement in its place. Cx12271 was originally required by Ohio Code Ann § 1322.075 and Ohio Code Ann § 1301:8-7-25….
The number of “Non-Purchasing Entity [1-4] AKA [#]” name fields has been expanded in ConformX from 4 per NPE to 25 per NPE. Signature/Name Affidavit (NPE) (Cx7965) has been updated to support these new “also known as” (AKA) fields.
Lines will continue to print all the time for the first four AKA names by default,…
Compliance News: Georgia Waiver of Borrowers Rights (Cx1009) Determined by CFPB to be Deceptive in Violation of RESPA
The Georgia Waiver of Borrowers Rights (Cx1009) is an agreement where a borrower waives all rights regarding receiving notice or having a judicial hearing before the lender exercises its right to non-judicially foreclose on a property. This document is traditionally included in mortgage loan closing packages….
Some states require a specific disclosure to be given when a loan has a balloon payment. We provide the following documents for these requirements:
- CA Balloon Disclosure (Cx2800), pursuant to Cal. Bus. & Prof. Code § 10241(h);
We have updated only the New Hampshire version of the Advanced Fee/Application Disclosure (our form Cx2783). This form is provided in connection to N.H. Rev. Stat. Ann. § 397-A:16(I). During our audit, we determined that the lender signature is not required for the state of New Hampshire and thus we are removing the lender signature requirement for Cx2783 for the New Hampshire Advanced Fee/Application Disclosure. …
Document Updates: IRS Forms 4506 Request for Copy of Tax Return (Cx23) and 4506-C Request for Transcript of Tax Return (Cx3095)
Previously Borrowers Home Phone Number (Field 445) printed for all borrower copies in the section labeled “Phone number of taxpayer of line 1a or 2a” of IRS Forms 4506 (Cx23) and 4506-T/4506-C (Cx3095). The following borrower specific fields will now print on the corresponding copy if they are populated:
- Borrower 1 Home Phone (Field 27256)
- Borrower 2 Home Phone (Field 24644)
- Borrower 3 Home Phone (Field 25630)
- Borrower 4 Home Phone (Field 26607)
This change allows the phone number on each borrower’s copy to match up to their name in line 1a of the form. …
As previously announced, the June 2019 version of IRS Form 4506-T (Cx24583) was set to print by default for FHA Initial Disclosure and Closing packages based on field “Print Non-Third Party 4506-T (Non-IVES Version)” (FI 143244). The FHA Single Family Housing Policy Handbook has been updated to replace all references to IRS Form 4506-T with 4506-C. …
According to Fla. Stat. Ann. § 695.26(1)(a), a security instrument needs to include the post-office address of each person signing the instrument. We have added a new “Security Instrument Address” series of fields to allow clients to send us the individual address of each person signing our Florida security instruments and riders….
Pursuant to a routine audit, we are adding witness fields to our standard Florida security instruments. According to Fla. Stat. Ann. § 695.26(1)(c), in order for an instrument affecting the title to real property to be recorded, it must include “the name of each witness to the instrument [to be] legibly printed,…
Document Update: Request for a Certificate of Eligibility for VA Home Loan Benefits (Cx3957), Interest Rate Reduction Refinancing Worksheet (Cx5535), and Description of Materials (Cx17488)
We are updating the following VA Forms to reflect updates recently published by the VA. The affected forms are:
- Request for a Certificate of Eligibility for VA Home Loan Benefits, VA Form 26-1880 (Cx3957);
- Interest Rate Reduction Refinancing Worksheet,