Pursuant to our policy of including lender signature lines on documents only as required by either applicable law or an official/model form, we will be removing the lender signature line and area from Cx4671, which is provided pursuant to the provisions of Vt. Stat. Ann. tit. 9, § 103 (West 2012) and Vt. Admin. Code 4-2-5:3 & 4-2-5:4 (2012).
We will also be editing this document so that the language concerning changes to the interest rate (in connection with an adjustable-rate mortgage loan) and information concerning the terms of a prepayment penalty will only print if applicable (e.g. if the document prints for a fixed-rate mortgage loan with no prepayment penalty, these parts will not print). Language as to whether the loan has a fixed- or adjustable-rate and whether a prepayment penalty is or is not a term of the loan will continue to print in all cases.
The change will take effect on February 28, 2013. If you have any questions or concerns about this update, please contact Client Support at 1.800.497.3584.
February 20, 2013