Document Updates: Update to DC Red Flag Warning Disclosure Notice (Cx4245)

According to D.C. Code Ann. § 26-1152.11, lenders making covered loans are required to send the borrower a Red Flag Warning Disclosure Notice (our Cx4245). The contents of the Red Flag Warning Disclosure notice are provided by DC Municipal Regulation 26-C § 2005 and in Form 1 of the Appendix. We are making slight adjustments to our form Cx4245 to more closely match the statutory form. The changes are minor but include removing certain italics and some slight punctuation changes.

These changes are available for testing on Stage and Stage 2 servers and will take effect on February 2, 2024. If you have any questions or concerns, please contact Client Support at 1.800.497.3584.

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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.