Document Updates: Wyoming Notice and Explanation of Fee Increase (TRID)(Cx19752) and Wyoming Notice and Explanation of Fee Increase (Cx16634)
Dec 19, 2019
The Wisconsin Department of Financial Institutions-Banking set forth the following definition of “Loan Commitment” in DFI-BKG 40.01(5):
“Loan commitment” means a written statement signed by a lender, setting forth the terms and conditions upon which the lender is obligated to make a particular residential mortgage loan to a particular applicant.
Since this definition includes “a written statement signed by a lender,” we are updating our WI Loan Commitment (Cx15918) to contain a lender signature line on the form.
This change will be in effect on December 24, 2019. If you have any questions or concerns about this change, please contact Client Support at 1.800.497.3584.
DR 306194
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.