The FHA Informed Consumer Choice Disclosure Notice was recently updated to support changes to the Annual MIP duration. The post-June 3rd version of this form is triggered for loans with an FHA Case Number Assignment Date of “06/03/2013” or later in ConformX. Since the corresponding FHA example on Cx41 was prepared in May, the newest version currently states, “The information provided below was prepared as of May, 2013.” However, in order to avoid any confusion regarding which version of the form is printing, the post-June 3rd version will be updated to read,
“…was prepared as of June, 2013.”
The new June 2013 version of the FHA Important Notice to Homebuyers and the new FHA MIP term calculations are also triggered for loans with an FHA Case Number Assignment Date of “06/03/2013” or later in ConformX. Please see these previous DocuTech announcements regarding the FHA Annual MIP rate and duration increases for more information:
FHA Annual MIP Rate and Duration Increases
New Required Field Prompt: FHA Case Number Assignment Date
The change to the preparation date on the post-June 3rd version of Cx41 will take effect June 22, 2013. If you have any questions or concerns about this change, please contact Client Support at 1.800.497.3584.
June 14, 2013
DR 137553