Compliance Docutech

Document Updates: Trustee Signature Lines for Trust Loans Added to Maryland Written Acknowledgment of Delivery of the Note (Cx16099)

Written by Will Newsom | Jul 17, 2023 6:53:23 PM

Upon review, it has been determined that trustee signatures lines for trust loans will now be included on Cx16099 – MD Written Acknowledgment of Delivery of the Note.

As previously announced, Cx16099 is not a required document, but per Md. Code Ann., Com. Law §12-1013.2(c), Cx16099 can be used as conclusive proof that the borrower received a copy of the note. Adding trustee signature lines for trust loans reinforces the concept of conclusive proof.

These changes are on Stage servers for testing and will be in effect on July 21, 2023. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.

DR-143171

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.