Document Updates: “Non-Permanent Resident Alien” Selection on 1003 Uniform Residential Loan Application 1/2021 (Cx20667 and Cx20668)
Sep 18, 2024
According to Maryland Property Tax §13-203(b)(1) if an individual is considered a “first-time Maryland home buyer” certain tax exemptions may apply for the rate of transfer tax. To qualify for the exemption each grantee or an agent of the grantee must provide a statement under oath, which statement under oath is provided for in Cx3539 Maryland First Time Home Buyer Affidavit. We have made adjustments to who will be signing to document to ensure that all appropriate individuals will be signing. Now, borrowers, NPE’s, and Trusts will have signature lines.
These changes are available for testing on Stage & Stage 2 servers and will take effect on September 25, 2024. If you have any questions or concerns, please contact Client Support at 1.800.497.3584.
DR-156680
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.