Pursuant to our yearly audit of state-specific disclosures, Docutech has made changes to the following documents that print when field 36021 “Use Texas Plain Language” is set to “Yes”:
- TX Home Equity Plain Language Closed End 2nd Note (Cx9420)
- TX Home Equity Plain Language Closed End 2nd Security Instrument (Cx9421)
- TX Plain Language 2nd Purchase Money Closed End Note (cx9422)
- TX Plain Language 2nd Purchase Money Closed End Security Instrument (Cx9423)
These changes to the documents enhance their clarity, consistency, and better track the statutory language. We are also introducing the following new documents that will print for TX second liens on construction loans when “Use Texas Plain Language” is set to “Yes”.
- TX Plain Language 2nd Home Improvement Deed of Trust (Cx19173)
- TX Plain Language 2nd Home Improvement Note (Cx19174)
Please note that Texas Plain Language documents are not required unless the interest rate on the loan is over ten percent, per our previous announcement.
These document changes will take effect immediately. If you have any questions or concerns about this change, please contact Client Support at 1.800.497.3584. If you have a customized version of any of these documents that you would like to modify, please contact your Account Manager.
DR 150287