The June 2019 IRS Form 4506-T update announced here, including the removal of Line 5a regarding mailing the tax transcript to third parties, has been postponed, pending further clarification from the IRS.
Although the IRS has stopped third-party mailings as part of a series of steps to safeguard taxpayer data,…
As previously announced, the IRS has updated their Form 4506-T to “better protect taxpayer data” (see https://www.irs.gov/forms-pubs/about-form-4506-t). We will be updating our standard copy of the form (Cx3095) to match these latest revisions.
We are still monitoring the IRS’ website for when they publish a revised version of the standard Form 4506….
As previously announced, if a value is sent to the new field “Borrower 1 Proposed Supplemental Property Insurance” (field 131691), which prints in the “Proposed Monthly Payment for the Property” section of the redesigned 1008 and redesigned 1003,…
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….
Cx1566, which is a duplicate of the “Notice to Homeowner: Release of Personal Liability for Assumptions” form published by the Department of Housing and Urban Development on their website (https://www.hud.gov/program_offices/housing/sfh/model_documents), is provided pursuant to the provisions of 24 C.F.R….
As previously announced, references to “subprime” loans in various sections of Minnesota’s statutes will be removed. Among these are Minn. Stat. Ann. §§ 58.13(1)(a)(18) and 58.137(2)(c).
Cx18227 is provided as an “upon request” document for Ibid.…
We provide the following generic copies of the UCC-1 and UCC-3 forms, which are configured to print for loans secured by shares and a lease in a cooperative unit (“cooperative loan”):
After a review of these documents,…
Cx1507 is provided pursuant to the provisions of N.J. Stat. Ann. §§ 17:16F-17, 54:5-64(c), & 54:5-104.48 and N.J. Admin. Code §§ 5:33-4.3 & 5:33-4.4 and it is a duplicate of “Form ME1 – Initial Tax Authorization Notice” published on the New Jersey Department of Community Affairs website (https://www.state.nj.us/dca/divisions/dlgs/programs/tax_collector.html)….
New Redesigned Uniform Residential Loan Application
The new redesigned URLA entitled “1003 Uniform Residential Loan Application – 07/2019” (Cx20667) is available for clients to print on ConformX test servers. The print trigger “Print Redesigned 1003 Loan Application” (field 123494) determines whether the new version (Cx20667) prints or the older “1003 Uniform Residential Loan Application” (Cx4193) prints….
As previously announced both here and here, both Indiana and Oklahoma have updated the maximum late fee which can be assessed under their versions of the Uniform Consumer Credit Code (“UCCC”).
As customary each year,…
We are modifying our copy (Cx18893) of RD Form 3555-21 “Request For Single Family Housing Loan Guarantee” to allow for better form functionality and to more closely follow the GSA/SAM Exclusion instructions on the form which state: “Check Yes if any party is excluded,…
The instructions that print on our form “Gift Letter” (Cx17342), requires “The form is to be transmitted directly to the donor and is not to be transmitted through the applicant or any other party.”
As a result of the form instructions above,…
As previously announced, Ind. Code Ann. § 26-1-9.1-521 has been amended to require that “a filing office that accepts written records may not refuse to accept a written document for a filing by this chapter if the document conforms to a format that is: (1) approved by the International Association of Commercial Administrators ….
Field Index 123528 “Co-op is Real Property or Personal Property” is used to differentiate loans secured by a borrower’s lease and shares in a cooperative unit (aka “cooperative loans”) from being treated as secured by real property or personal property,…
As previously announced, the headquarters of the South Carolina Department of Consumer Affairs has been relocated. The Department’s main address is listed on their “Fee Agreement Sample” form available on their website, within the context of disclosing to borrowers the places (and means) where they may file complaints concerning the origination of their loan….
Even though four states refer to themselves as commonwealths (Kentucky, Massachusetts, Pennsylvania, and Virginia), none of these states use the word “commonwealth” in their respective statutory notarial certificate examples. These notarial certificate examples show the word “state” instead.
In an effort to streamline notarial certificates to be more uniform and compliant,…
As previously announced, the Government of Utah repealed the provisions formerly found in Utah Code Ann. § 17-21-18.5(4)(b) which required documents for loans subject to RESPA to contain the caption “RESPA” before they are recorded.
Pursuant to this repeal,…
It has come to our attention that the Office of Recorder of Deeds for Washington County, Pennsylvania will only accept documents which have a font size of 12 or larger on all pages submitted for recording.
Consequently, we are increasing the font size to 12 point for the following Washington County,…
Earlier this year, we announced new support for loans secured by a borrower’s ownership shares and lease in a cooperative unit (“cooperative loans”) in New Jersey, and that our approach to documentation for these loans was to treat them as being secured by real property….
As a reminder, we wanted to revisit our California Important Privacy Choices for Consumers (Cx16539). On June 4, 2012 Docutech posted the following announcement:
“Cal. Fin. Code §§4052 & 4053 prohibit a financial institution from disclosing or sharing a consumer’s nonpublic personal information with either an affiliate of the institution or a nonaffiliated third party,…
