We will be enhancing the notary acknowledgment section of Cx4986. Since a vast majority of loans secured by co-operative property that go through our system are secured by properties in New Jersey and New York, we will be enhancing the acknowledgment so that it matches the model acknowledgment set forth under N.Y. Real Prop. Law § 309-a(1) & (4) (McKinney 2013) for loans secured by properties in New York (and in other states, except New Jersey).
For loans secured by properties in New Jersey, the acknowledgment will match the acknowledgment form promulgated by the New Jersey Department of the Treasury on their website (see http://www.state.nj.us/treasury/revenue/dcr/geninfo/notarymanual.shtml#REFERENCE).
This change will take effect on March 28, 2013. If you have any questions or concerns about this update, please contact Client Support at 1.800.497.3584.
March 21, 2013