We will be discontinuing the use of Cx12271 – OH Business Relationship Disclosure Notice, and using Cx11413, Affiliated Business Arrangement Disclosure Statement in its place. Cx12271 was originally required by Ohio Code Ann § 1322.075 and Ohio Code Ann § 1301:8-7-25….
The number of “Non-Purchasing Entity [1-4] AKA [#]” name fields has been expanded in ConformX from 4 per NPE to 25 per NPE. Signature/Name Affidavit (NPE) (Cx7965) has been updated to support these new “also known as” (AKA) fields.
Lines will continue to print all the time for the first four AKA names by default,…
Some states require a specific disclosure to be given when a loan has a balloon payment. We provide the following documents for these requirements:
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We have updated only the New Hampshire version of the Advanced Fee/Application Disclosure (our form Cx2783). This form is provided in connection to N.H. Rev. Stat. Ann. § 397-A:16(I). During our audit, we determined that the lender signature is not required for the state of New Hampshire and thus we are removing the lender signature requirement for Cx2783 for the New Hampshire Advanced Fee/Application Disclosure. …
Previously Borrowers Home Phone Number (Field 445) printed for all borrower copies in the section labeled “Phone number of taxpayer of line 1a or 2a” of IRS Forms 4506 (Cx23) and 4506-T/4506-C (Cx3095). The following borrower specific fields will now print on the corresponding copy if they are populated:
This change allows the phone number on each borrower’s copy to match up to their name in line 1a of the form. …
As previously announced, the June 2019 version of IRS Form 4506-T (Cx24583) was set to print by default for FHA Initial Disclosure and Closing packages based on field “Print Non-Third Party 4506-T (Non-IVES Version)” (FI 143244). The FHA Single Family Housing Policy Handbook has been updated to replace all references to IRS Form 4506-T with 4506-C. …
According to Fla. Stat. Ann. § 695.26(1)(a), a security instrument needs to include the post-office address of each person signing the instrument. We have added a new “Security Instrument Address” series of fields to allow clients to send us the individual address of each person signing our Florida security instruments and riders….
Pursuant to a routine audit, we are adding witness fields to our standard Florida security instruments. According to Fla. Stat. Ann. § 695.26(1)(c), in order for an instrument affecting the title to real property to be recorded, it must include “the name of each witness to the instrument [to be] legibly printed,…
We are updating the following VA Forms to reflect updates recently published by the VA. The affected forms are:
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As previously announced, North Dakota has amended the “North Dakota Money Brokers Act”. As part of these changes, ND ST 13-04.1-09.3(2) was modified to state that:
“Additional charges may be assessed for nonpayment or late payment as agreed to by the parties within the loan contract….
One of the more unique state disclosures is the DC Mortgage Disclosure Form. What makes this disclosure so different is the requirement that when it is printed on a physical piece of paper it must be printed on red paper. …
Nevada law requires security instruments to contain “[t]he mailing address of the grantee or, if there is no grantee, the mailing address of the person who is requesting the recording of the document;”(NRS 111.312). This requirement is satisfied by adding the grantee name and address in the recording information section at the top of page 1 of the security instrument….
First American Docutech has made an adjustment to the loan-to-value (LTV) calculation used to determine when the Kansas Uniform Consumer Credit Code (UCCC) Addendum (Cx4448) prints by default.
The KS UCCC applies to “consumer credit transactions” made in the state of Kansas (Kan….
We are updating our version of the INSTRUCTION AND INFORMATION SHEET FOR SF 180, REQUEST PERTAINING TO MILITARY RECORDS (our form Cx17072), to align with the model form available at https://www.archives.gov/files/research/order/standard-form-180.pdf on the National Archives and Records Administration (NARA) website,…
Subsequent to a document review, we have decided to add an enhancement to the notary block on our New York Consolidation, Extension, and Modification Agreement (CEMA). When MERS is being used in the transaction, the MERS representative is required to sign with an accompanied notarization….
We are updating our version of The TEXAS HOME EQUITY LOAN CLOSING INSTRUCTIONS ADDENDUM (CX5004) to remove the reference to an Owner’s Affidavit. This addendum is required to be provided to customers, in connection with a 50(a)(6) equity loan mortgage transaction,…
Due to a recent document audit, we are updating our version of NJ Application and Disclosure (our form Cx21702), to align with the model form that is published by the NJ Department of Banking and Insurance.
This form is required to be provided to customers,…
As previously announced, Oklahoma has updated its laws regarding the maximum dollar amounts which can be charged for late fees.
The Oklahoma Department of Consumer Credit has, as they are required to do every year,…
As was announced previously, Freddie Mac has updated their power of attorney (POA) requirements to limit the pre-close borrower discussions to only cash-out refinances. To accomplish this change, we are changing the configuration of our FHLMC copy of Cx23852 (Explanation of Loan Terms [POA]) to only print for cash-out refinance loans….
As we previously announced, Fannie Mae (FNMA) and Freddie Mac (FHLMC) are retiring adjustable rate mortgage products based on the Constant Maturity Treasury (CMT).
FNMA’s announcement:
“To be eligible for delivery to Fannie Mae,…
