Cx3841 is provided to clients acting as brokers, for loans secured by property located in South Carolina, Virginia, and Washington, pursuant to the following provisions:
1. S.C. Code Ann. §§40-58-75 & 40-58-78(A) and S.C. Reg. 28-400(C)(2);
2. Va. Code Ann. §6.2-1616(B)(4); and
3. Wash. Rev. Code Ann. §19.146.040.
The first paragraph of Cx3841 will be revised so that it contains variable text, which will print depending on whether the broker’s compensation will be paid by the borrower, the lender, or the seller. Clients may obtain a sample copy of the language that will print by contacting their Account Manager.
This change will take effect on April 10, 2012. If you have any questions or concerns about this change, please contact Client Support at 1.800.497.3584.
April 6, 2012