We have made slight logic adjustments to a certain provision in Cx1327 New York HELOC Mortgage. In the premises paragraph we are updating the language to match up with the checkboxes that are part of the BORROWER’S STATEMENT REGARDING THE PROPERTY. The checkbox section has three selections, (1) the security instrument covers real property improved, or to be improved, by a one (1) to two (2) family dwelling unit only, (2) the security instrument covers real property principally improved, or to be improved, by one or more structures containing, in the aggregate, not more than six (6) residential dwelling units with each dwelling unit having its own separate cooking facilities, and (3) the security instrument does not cover real property improved as described above.
The document logic in the premises section will now match the language associated with the checkboxes.
These changes are available for testing on Stage servers and will be in effect on January 7, 2025. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.
COM-5560
DR-166962