Montana’s Department of Administration recently amended ARM 2.59.1710(1)(c), RECORDS TO BE MAINTAINED BY MORTGAGE BROKERS, and ARM 2.59.1724(7)(q), RECORDS TO BE MAINTAINED BY MORTGAGE LENDERS, to require mortgage lenders and mortgage brokers to maintain “copies of the loan estimate and closing disclosures required by the Truth in Lending Act – Real Estate Settlement Practices Act (TILA-RESPA) Integrated Disclosure (TRID) rule, which must be signed and dated by the borrowers.”
Accordingly, Docutech will be adding signature lines to all Loan Estimates (Cx18565) and Closing Disclosures (Cx18566) that are given in connection with property located in Montana.
This change will be effective on January 16, 2016. If you have any questions or concerns about this change, please contact Client Support at 1.800.497.3584.
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