The Federal Itemization of Amount Financed disclosure, provided pursuant to 12 CFR 1026.18, has been modified to fit on letter-size paper. Currently, cx14224 and cx14644 print on legal-size paper by default, but this will be changed to have the documents print letter-sized by default. Clients who wish to have cx14224 and cx14644 print legal-sized should contact Client Support to be excluded from the letter-size default.
Additionally, we will be adding an acknowledgement to the signature area at the end of the Itemization of Amount Financed documents. Although a signature is not required for the Itemization, signatures print be default on cx14224 and cx14644. Occasionally when printing these documents legal-sized, the pages break in such a way that the signatures are by themselves on the last page of the document – so-called “orphan” signatures. To prevent the appearance of orphan signatures when a legal-size version of the documents print, an acknowledgment of receipt has been added just above the signature line. The acknowledgement will print in the following manner:
“I/we acknowledge receipt of this disclosure.”
These changes will take place on January 7, 2014. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.
December 30, 2013