Document Updates: Wyoming Notice and Explanation of Fee Increase (TRID)(Cx19752) and Wyoming Notice and Explanation of Fee Increase (Cx16634)
Dec 22, 2020
After a standard review, we are modifying the language that prints on two of our second lien DOT Security Instruments in Virginia (Cx512) and Nebraska (Cx496) to match the language of the first lien Security Instruments published by FNMA.
On both second lien documents, under “NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:”, the final sentence in the 3rd paragraph that prints after “Trustee shall apply the proceeds of the sale in the following order:” is being modified by removing the specific percentage amount that prints in “Trustee’s fees amount of____%” and replacing it with language “including a reasonable commission to trustee;” (on Cx512) and “including the payment of the Trustee’s fees actually incurred” (on Cx496).
These changes will take effect on December 29, 2020. Questions or concerns about these changes should be directed to Client Support at 1.800.497.3584.
DR 334269
TW 325089
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.