Document Updates: “Non-Permanent Resident Alien” Selection on 1003 Uniform Residential Loan Application 1/2021 (Cx20667 and Cx20668)
May 23, 2024
As previously announced in https://compliance.docutech.com/2024/05/08/compliance-news-va-announces-new-document-va-form-26-10291-assumption-entitlement-acknowledgement/, Docutech has created a new document, cx27569, in response to the Department of Veterans Affairs’ Circular 26-24-9, which introduced new VA-Form 26-10291 Assumption Entitlement Acknowledgement. This new document mirrors the VA Form in formatting and content.
To trigger this new document, we have created new field: 187902 “Lender is Existing VA Loan Servicer and Has Counseled Seller”. By default, the document will only print when new field 187902 is set to “Yes”.
There is a new set of fields to identify which seller (or sellers) are veterans, they are:
Field 187903 Seller 1 Veteran Status
Field 187904 Seller 2 Veteran Status
Field 187905 Seller 3 Veteran Status
Field 187906 Seller 4 Veteran Status
Field 187907 Seller 5 Veteran Status
Field 187908 Seller 6 Veteran Status
Field 187909 Seller 7 Veteran Status
Field 187910 Seller 8 Veteran Status
Field 187911 Seller 9 Veteran Status
Field 187912 Seller 10 Veteran Status
Cx27569 is in a new Seller Veteran Multi-Doc Collection that will print a copy for appropriate seller(s) that have the respective Seller # Veteran Status field set to “Yes”. If none of the Seller # Veteran Status fields are set to “Yes”, one copy will print by default with a signature for Seller 1.
Like all other standard assumption documents, Cx27569 must be assigned to clients in order for it to print for them.
Cx27569 is available now for testing on Stage & Stage 2 servers and will be available for production on May 30, 2024. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.
COM-4661
DR-150523
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.
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.