Document Update: MT Acknowledgment that Real Property is Not Exempt From Execution (Cx1412)
Dec 13, 2021
D.C. Code § 42-1103(b-1)(2) requires purchase money mortgages or purchase money deeds of trust to “reference the deed conveying title to the purchaser of the real property by date and instrument number.” Docutech added a statement on page 1 that references the required deed with its accompanying date and instrument number. When we first implemented this requirement we placed a blank line for lenders to complete the instrument number manually. We are now adding a field (FI: 97269) so that lenders can import the instrument number as loan data, if that data is available in the LOS, otherwise it will continue to print as a blank line. This change will impact the following Instruments provided for the District of Columbia:
- DC Deed of Trust (Cx315)
- FHA DC Deed of Trust (Cx19366)
- DC Deed of Trust Second (Cx474)
- HELOC Deed of Trust – DC(Cx2167)
This change will be in effect on December 21, 2021. If you have any questions or concerns about this change, please contact Client Support at 1.800.497.3584.
DR 360923
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.