Code of the City of New Orleans, Louisiana Section 150-391(1)(c) requires for a mortgage of a single-family residence or residential double that exceeds 25 pages, a notarized statement stating that the property is a single-family residence or a residential double. …
As previously announced on August 20, 2021, the IRS announced their plan to modernize Form 4506-C, also known as the Income Verification Express Service (IVES) Request for Transcript of Tax Return. This new IVES form is intended to enable the IRS to provide return transcripts,…
Our form (Cx20625) CT Fair Housing Notice which is provided per Conn. Gen. Stat. Ann. § 20-327h has been updated. Our form has been updated to match the most recent model form published by the CT Commission on Human Rights and Opportunities found here ….
According to Texas Prop. Code 12.001(b), an instrument for recording either needs to be signed and acknowledged by the grantor in the presence of two or more witnesses OR acknowledged by a notary.
The language reads:
An instrument conveying real property may not be recorded unless it is signed and acknowledged or sworn to by the grantor in the presence of two or more credible subscribing witnesses or acknowledged or sworn to before and certified by an officer authorized to take acknowledgements or oaths,…
On August 15,2022, MERS published an announcement regarding its 22.2 release for the MERS system/procedures. Included in their announcement was an update to the MERS physical address for Indiana, Mississippi, New York, and Pennsylvania. This revised the address from 1901 E Voorhees Street,…
Cx15312 is a duplicate of the Model A-3/H-3 Form provided by the Federal Trade Commission, Federal Reserve Board, and Consumer Financial Protection Bureau pursuant to the provisions of 15 USCA § 1681m(h) and 12 CFR §§ 222.74(d)(1), 1022.74(d)(1), and 16 CFR § 640.5(d)(1)….
While performing a routine audit, it came to our attention that Cx11408, Prohibited Acts of Lenders and Loan Brokers in Rhode Island, needed a few formatting updates to more closely match the model form. The document is a copy of Form 2 HLPA found on the State of Rhode Island Department of Business Regulation….
We have made a slight update to the language on our standard Buydown Agreement (Cx25) to more specifically address what happens to buydown funds when a loan is refinanced during the buydown period. We have modified language in the third paragraph,…
The State of Colorado allows for the use of electronic notarization. CRSA §24-21-520(3) requires the signature of the notary public to contain the following elements:
…
California Government Code §27361.6 requires all documents submitted for recording to “show the name of the person requesting recording and the name and address to which the document is to be returned following recording.” In the past, we have complied by combining both the “Requested by” and the “When recorded mail to” requirements. …
The instructions to the 2021 versions of the Fannie Mae/Freddie Mac unform security instruments allow certain purchase money language to be included as a “may” change. The relevant instruction states:
Lenders MAY add the words “Purchase Money” in front of or above the caption “Deed of Trust”,…
It has come to our attention that there is a section on Oregon’s Interest Rate Lock/Float Agreement (Cx4297) that is causing some confusing for borrowers. On the model form, there is a section with instructions “Please initial one, Float or Lock:” followed by two options,…
Fannie Mae recently updated Paragraph 15(b) of the 07/2021 Washington Security Instrument (Form 3048, our Cx25327).
For increased clarity, the phrase in Paragraph 15(b)(ii) has been updated as follows:
from: “property inspection, and valuation;”
to: “property inspection and valuation fees;”
In order to access the updated version of Cx25327 –…
Fannie Mae recently updated Paragraph 4(a) of the Instructions to the 07/2021 Texas Home Equity Security Instrument (Form 3044.1) (our Cx25323).
In this Instruction update, if MERS is designated as the mortgagee of record (as nominee for the beneficiary),…
Haw. Rev. Stat. Ann. § 456-9(c)(4) reflects that every acknowledgment or jurat with a certificate shall be signed and dated by the notary public, include the printed name and official stamp or seal of the notary public, and shall identify the jurisdiction in which the notarial act is performed….
We have made slight updates to the fields that are associated with our Signature/Name Affidavit (Cx865) when it pertains to power of attorney. We are adding logic to the borrower copy, Cx865, to append the applicable “Borrower [x] Power of Attorney Verbiage” field (Fl 183,…
According to DC Code § 47-813, a Class 1 property is established if the property is comprised of improved residential real property, is occupied by the owner, contains not more than 5 dwelling units, and is used exclusively for non-transient residential dwelling purposes….
Pursuant to our monthly audit of federal agency forms, we are updating the following USDA documents to match the latest version of the published model forms:
…
Pursuant to our monthly audit of federal agency forms, we are updating the following VA document to match the latest version of the published model forms:
Request for Determination of Reasonable Value –…
As announced earlier, FNMA and FHLMC have published revised uniform instruments that must be utilized for all loans delivered to the GSEs with note dates on or after January 1, 2023. Although the documents released were allowed to be used immediately upon publication,…
