Compliance News: Understanding California’s 2026 ADMT Rules and How They Apply to Docutech
Mar 2, 2021
On February 25, 2021 Gov. Ralph Northam (D) approved VA H.B. 1882 (2021), which impacts several rules regarding deeds of trust, including whether amendments and modifications to loan documents must be recorded if the deed of trust states that it secures any additional amendments and modifications (see Va. Code Ann. § 55-1.318.1), slightly modifying the subordinate language for refinance mortgages (see amended Ibid. § 55.1-319[B][1]), and requiring the interest rate of the prior mortgage to be stated on the first page of the refinance mortgage (see amended Ibid. § 55.1-319[B][3]).
These amendments take effect on July 1, 2021.
We are currently reviewing this bill to determine any impact, and evaluating any modifications, to our document library and/or systems. Any modifications we make as a result will be announced on our website (https://compliance.docutech.com/).
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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.