08.15.19   •   Document Updates

Document Updates: Inter Vivos Revocable Trust Rider (Cx21131)

The Inter Vivos Revocable Trust Rider (Cx21131) has been modified to better reflect the individual Borrower and Non-Purchasing Entity (NPE or non-borrowing spouse) signature lines printing on the security instrument and other riders to security instrument.

The following settings are now reflected in the individual signature area of Cx22131:

  • When ConformX System Default “Borrower Signature Lines Appear on Sec. Ins. for Trust Loans” (Field 46270) is set to “Imported”, the following fields are used to determine if the borrower’s signature line prints on the security instrument, riders, and Cx21131:
    • Print Borrower 1 Signature Lines on Security Instrument for Trust Loans (Field 126668)
    • Print Borrower 2 Signature Lines on Security Instrument for Trust Loans (Field 126669)
    • Print Borrower 3 Signature Lines on Security Instrument for Trust Loans (Field 126670)
    • Print Borrower 4 Signature Lines on Security Instrument for Trust Loans (Field 126671)
  • ConformX System Default “NPE Signature Lines Appear on Sec. Ins. for Trust Loans” (Field 123156) will suppress all NPE signature lines from printing on the security instrument, riders, and Cx21131 for loans with an inter vivos revocable trust.
  • These per-NPE fields can be used to suppress the NPE’s signature line from printing on the security instrument, riders, and Cx21131:
    • Exclude NPE 1 from Signature Lines 1 (Field 74103)
    • Exclude NPE 2 from Signature Lines 1 (Field 80357)
    • Exclude NPE 3 from Signature Lines 1 (Field 80359)
    • Exclude NPE 4 from Signature Lines 1 (Field 80361)

The following existing functionality on Cx21131 has not been modified:

  • If “Title Vesting Includes Individuals in Addition to Name of Trust” (Field 46264) is set to “Yes”, or “Borrower Signature Lines Appear on Sec. Ins. for Trust Loans” is set to “Yes”, all borrower signatures will continue to print on the security instrument and all riders including Cx21131.
  • If an individual borrower signature prints, any corresponding NPE signature will also print.
  • If “Borrower Signature Lines Appear on Sec. Ins. for Trust Loans” is set to “No”, individual borrower signature lines will continue to be suppressed on the security instrument and all riders including Cx21131.
  • The trustee and settlor signature line sections of Cx21131 have not been modified.

These changes to the individual signature line area of Cx21131 to reflect “Print Borrower # Signature Lines on Security Instrument for Trust Loans” when “Borrower Signature Lines Appear on Sec. Ins. for Trust Loans” is set to “Imported”; “NPE Signature Lines Appear on Sec. Ins. for Trust Loans”; and “Exclude NPE # from Signature Lines 1” are now on ConformX Stage servers for testing, and will be effective on August 22, 2019. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.

DR 297079