According to Cal. Civil Code § 2924b(a), any person may request a copy of notice of default. The request, which is often made within a deed of trust, is required to be signed and acknowledged by the person making the request….
After reviewing the requirements for the use of MERS riders in conjunction with HELOC mortgages, we have made the following updates:
Cx19179 (HELOC MERS Rider) for Montana, Oregon, and Washington
Docutech has adjusted the configuration for the HELOC MERS Rider for Montana,…
As previously announced , the Consumer Financial Protection Bureau (CFPB) issued a rule making several non-substantive corrections and updates to federal agency contact information found in various regulations. These changes affect address information provided to consumers under the Equal Credit Opportunity Act and the Fair Credit Reporting Act Summary of Consumer Rights….
On March 24, 2023, Governor Glenn Youngkin approved Virginia House Bill 1888 which requires the written consent of the seller’s counsel before a settlement agent or its subsidiaries, affiliates, or subcontractors can collect any fees payable to such settlement agent or its subsidiaries,…
As previously announced, the Office of Native American Programs (ONAP) has reduced the Section 184 annual loan guarantee fee from 0.25% to 0.00% effective July 1, 2023.
When Docutech announced in 2014 the creation of Cx19126 – Section 184 Supplemental Notice,…
As per annual requirements, Oklahoma has updated its laws regarding the maximum dollar amounts which can be charged for late fees.
Per Okla. Stat. Ann. tit. 14A, § 3-203(1) & (5), the Oklahoma Department of Consumer Credit has increased the maximum late charge for delinquent payments on a consumer loan or a revolving loan account from $29.00 to $31.00….
As previously announced, on May 5, 2022, Acting Commissioner of Financial Regulation David F. Provost signed an Order In Re: High Rate Mortgage Loan Disclosure which temporarily suspended until December 31, 2022 the disclosure requirements pursuant to Regulation B-98-2 (Vt….
Wisconsin Statute 224.79(1) requires mortgage broker agreements to be in writing. Further, the Wisconsin Admin. Code DFI-BKG 44.01 outlines specific information that the broker agreement must contain and requires the Department of Financial Institution to create this agreement. The Wisconsin Department of Financial Institutions has published its model form here….
The Office of Native American Programs (ONAP) announced June 6, 2023 through Dear Lender Letter 2023-05 a reduction in the Section 184 upfront loan guarantee fee from 1.50 to 1.00 percent and the annual loan guarantee fee from 0.25 to 0.00 percent….
Pursuant to our monthly audit of Federal Agency forms we have updated our cx 18833 to match the updated Department of Veterans Affairs Form 26-6807. The following changes have been made:
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Pursuant to our monthly audit of Federal Agency forms we have updated our Cx5579 to match the updated Social Security Administration form SSA-89. The following changes have been made:
-In the “Privacy Act Statement Collection and Use of Personal Information” Section
-In the “Paperwork Reduction Act Statement” section
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As previously announced, Georgia House Bill 974 adds new recording requirements for security deeds and loan modifications. This act is effective July 1, 2023.
GA HB 974 amends Ga. Code Ann. § 44-14-63(b) to read:
“A deed to secure debt shall not be recorded unless it includes the following information on the first page:
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Pursuant to our monthly audit of Federal Agency forms and to match the model forms made available through https://www.va.gov/find-forms/, we have updated the VA option of VA Form 26-1859, our Cx47 Warranty of Completion of Construction to match most recent model document published by the VA. …
Pursuant to our monthly audit of Federal agency forms, we will be updating the follow HUD documents (which can be found at: https://www.hud.gov/program_offices/administration/hudclips/forms/).
Cx4734 Conditional Commitment Direct Endorsement – Homebuyer’s Copy
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History
VA has updated VA Form 26-1880, again, for the fourth time in four months. Below is the document release timeline on the VA’s form website that has made updating our copy of the form problematic:
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The MO Loan Brokerage Disclosure Agreement, Cx3328, is provided pursuant to Mo. Ann. Stat. § 443.867, which requires a residential mortgage loan broker (including all retail mortgage lenders) to provide a loan brokerage disclosure statement and fee agreement with each borrower….
The Maryland Dual Capacity Disclosure, our Cx24966, which applies to mortgage loan originators when acting in a dual capacity as a real estate agent for the sale of a property, has been a custom document. The determination to make it a custom document was originally due to the Maryland Mortgage Loan Originator statutes….
If the ConformX fields used to populate the “Year or period requested” sections of IRS Forms 4506-C “IVES Request for Transcript of Tax Return” and 4506 “Request for Copy of Tax Return” are not set, the first two loan level dates default to the last day of the previous two calendar years….
As previously announced, New York State Assembly Bill A9493A adds a new disclosure requirement for VA loan counseling. This act is effective April 15, 2023.
To comply with this disclosure requirement, a new document has been created as Cx26686 – NY VA Services Loan Counseling Disclosure,…
We are modifying our Maryland Department of Labor, Licensing, and Regulation Disclosures (Cx13900, Cx13901, and Cx13902), pursuant to COMAR 09.03.10.03, to ensure that clients do not get multiple disclosures about balloon payments or payment of taxes/insurance. COMAR 09.03.10.03 reflects that when a loan includes a balloon payment,…
