We had previously announced certain changes to Cx4982 (see https://compliance.docutech.com/2018/03/19/document-updates-assignment-of-lease-coop-cx4982/). Based on feedback received from clients, we will be modifying the new language to remove the clause limiting civil actions to within one year of execution of the assignment. Thus, the last paragraph of Cx4982 will be changed from:
“These covenants and representations shall remain in effect after execution of this Assignment, but any action based thereon must be instituted within one year of such execution, subject to applicable law.”
“These covenants and representations shall remain in effect after execution of this Assignment.”
These changes will be in effect on April 17, 2018 . If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.