On January 31, 2024, Fannie Mae announced that the Model Form for the Texas Deed of Trust (Form 3044) had been revised to correct a typographical error in Paragraph 27 “Release”.
Paragraph 27 “Release” now reads:
“Upon payment of all sums secured by this Security Instrument, Lender will provide a release of this Security Instrument to Borrower or Borrower’s designated agent in accordance with Applicable Law. Borrower will pay any recordation costs associated with such release. Lender may charge Borrower a fee for releasing this Security Instrument, only if the fee is paid to a third party for services rendered and is permitted under Applicable Law.”
This update was pushed to production with the other Texas updates announced here. If you have any questions or concerns, please contact Client Support at 1.800.497.3584.