On June 7, 2019 Gov. Ron DeSantis (R) approved FL HB 409 (2019), which modifies the formats of the “short forms” of notarial acknowledgments promulgated in Fla. Stat. Ann. § 695.25 (see https://www.myfloridahouse.gov/Sections/Bills/billsdetail.aspx?BillId=63304). The effective date of these amendments is January 1,…
FNMA and FHLMC have postponed the optional use date (July 1, 2019) for the redesigned Uniform Residential Loan Application. A new timeline has not yet been determined:
“At the direction of the Federal Housing Finance Agency (FHFA),…
In an email dated June 12, 2019 (Subject: USDA Technology Fee Implementation), the Office of Rural Development announced the following (cited in relevant part):
“On January 1, 2020 the USDA Single Family Housing Guaranteed Loan Program will begin to assess and collect a fee (aka technology fee) from lenders on each closed loan that was submitted via the Guaranteed Underwriting System (GUS)….
New Redesigned Uniform Residential Loan Application
The new redesigned URLA entitled “1003 Uniform Residential Loan Application – 07/2019” (Cx20667) is available for clients to print on ConformX test servers. The print trigger “Print Redesigned 1003 Loan Application” (field 123494) determines whether the new version (Cx20667) prints or the older “1003 Uniform Residential Loan Application” (Cx4193) prints….
On June 4, 2019 the IRS announced the following in IR-2019-101 (available here):
“Effective July 1, 2019, the IRS will no longer provide transcripts requested on Form 4506, Form 4506-T and Form 4506T-EZ to third parties,…
As previously announced both here and here, both Indiana and Oklahoma have updated the maximum late fee which can be assessed under their versions of the Uniform Consumer Credit Code (“UCCC”).
As customary each year,…
We are modifying our copy (Cx18893) of RD Form 3555-21 “Request For Single Family Housing Loan Guarantee” to allow for better form functionality and to more closely follow the GSA/SAM Exclusion instructions on the form which state: “Check Yes if any party is excluded,…
By: Timothy A. Raty; Sr. Regulatory Compliance Specialist
“Arrakis teaches the attitude of the knife –
chopping off what’s incomplete and saying:
‘Now it’s complete because it’s ended here.’” (Dune)
Under TRID 2.0,…
The instructions that print on our form “Gift Letter” (Cx17342), requires “The form is to be transmitted directly to the donor and is not to be transmitted through the applicant or any other party.”
As a result of the form instructions above,…
On May 28, 2019 Gov. Steve Sisolak (D) signed into law NV SB 201 (2019) which modifies various parts of Chapter 604A of Nevada’s Revised Statutes (see https://www.leg.state.nv.us/Session/80th2019/Reports/history.cfm?DocumentType=2&BillNo=201), which chapter coincides and supplements the Federal “Military Lending Act” (10 U.S.C.A….
