Document Updates: Wyoming Notice and Explanation of Fee Increase (TRID)(Cx19752) and Wyoming Notice and Explanation of Fee Increase (Cx16634)
Aug 5, 2020
The Loan Estimate and Closing Disclosure documents were set to print two copies by default in ConformX to follow new TRID FAQ guidelines while functionality was developed to print two copies through Docutech mail Fulfillment. If a lender requires a signed hard copy to be returned, the borrower must be provided with a second copy of the LE or CD which they can retain.
In coordination with the new software, the Loan Estimate and Closing Disclosure forms will be changed to once again print one copy by default instead of two. Only one copy will appear in electronically distributed packages since an electronic copy can be kept by borrowers in that scenario, but two copies of the LE and CD will be sent through all mail Fulfillment packages based on new indicators.
The deployment of these changes has been temporarily postponed. The new effective date of these changes in ConformX will be announced once it has been confirmed. Any questions or concerns related to these changes should be directed to Client Support at 1.800.497.3584.
DR 324795 (CX-1224)
UPDATE:
The new effective date for these changes is August 14, 2020.
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.