Document Updates: “Non-Permanent Resident Alien” Selection on 1003 Uniform Residential Loan Application 1/2021 (Cx20667 and Cx20668)
Feb 22, 2023
Wash. Rev. Code Ann. § 60.04.255(1) requires property lenders to provide informational material described in Wash. Rev. Code Ann. § 60.04.250 to any one “obtaining loans, the proceeds of which are to be used for residential construction or residential repair or remodeling.”
The forms described in Wash. Rev. Code Ann. §60.04.250 are Facts About Construction Liens, which is our Cx16579 and What You Should Know About Hiring a Contractor, Remodeler or Handyman, our Cx20791. The state has provided model forms for these documents, which they have recently updated. Subsequently, our forms have been updated to match the new model forms.
Cx20791, What You Should Know About Hiring a Contractor, Remodeler or Handyman is a static form, so the previous model has been replaced with the new model.
Cx16579, Facts About Constructions Liens had the following changes made:
These changes will be in effect on March 01, 2023. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.
DR-140157
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.