After a document library audit, Docutech has reevaluated its interpretation of Cal. Civ. Code §2955.1(c) which states:
“The disclosure required by this section shall be made in writing by the lender as soon as reasonably practicable.”
Without a specific directive for a lender signature, Docutech is removing the following signature fields in Cx998 “California Earthquake Insurance for Condominiums Disclosure” by default:
Field 1057 Loan Officers Name
Field 1164 Corporate Officer Full Name – First Officer
Field 6887 Loan Originator Name
Field 7029 Broker Name
Field 27017 Interviewer’s Name
Field 18378 Lender Officer 1 First Name
Field 18380 Lender Officer 1 Middle Name
Field 18382 Lender Officer 1 Last Name
Cx998 has also been reformatted to more closely mirror the language in Cal. Civ. Code §2955.1(a) & (b).
These changes are available for testing on Stage & Stage 2 servers and will take effect on February 9, 2024. If you have any questions or concerns, please contact Client Support at 1.800.497.3584.
COM-4216
DR-148323