Docutech is updating the formats of LA Mortgage (Cx327), LA Mortgage Second (Cx485), and FHA LA Mortgage (Cx19376) to reflect the current Louisiana – Single Family – Fannie Mae/Freddie Mac Uniform Instrument (Form 3019) model found at https://www.fanniemae.com/singlefamily/security-instruments#.
The most notable changes are:
- in the footer, the revision date has been updated from “10/13” to “11/18” (except the first lien Cx327, which follows the FNMA model form date of 10/18)
- in the “Cancellation” paragraph, the phrase “Parish of __________” has been replaced with “parish in which the Property is located”
- in the “Full Ownership” paragraph, the phrase “Borrower represents” has become “Borrower represents and warrants”
- in the “Transfer of Rights in the Property” section, “[Type of Recording Jurisdiction]” has been deleted
This document update will take effect on December 8, 2018. If you have any questions or concerns about this change, please contact Client Support at 1.800.497.3584.