Document Updates: Wyoming Notice and Explanation of Fee Increase (TRID)(Cx19752) and Wyoming Notice and Explanation of Fee Increase (Cx16634)
May 1, 2020
Currently, our standard fixed, junior lien note for loans secured by real property located in Alaska discloses the borrower’s post office address towards the beginning of the document, in addition to the property address.
After a thorough review of Alaska’s laws, it has been determined that it is not necessary for the promissory note to list the mailing address of the borrower (such information is required for recording purposes under Alaska Stat. §§ 40.17.030[a][7] & [a][8], but the promissory note is not recorded). As a result, we will be removing this information from Cx1032.
This change will take effect on May 7, 2020. Questions or concerns about this change may be directed to Client Support at 1.800.497.3584.
DR 315874
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.