Document Updates

Document Updates: Certain UCC-1 and UCC-3 Forms

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”):

• UCC Financing Statement (Cx7700)
• UCC-3 Financing Statement (Cx22755)
• UCC-3 Financing Statement from MERS (Cx22778)
• FL UCC Financing Statement (Cx16930)
• FL UCC-3 Financing Statement (Cx22756)
• FL UCC-3 Financing Statement from MERS (Cx22779)
• NY UCC Financing Statement (Cx19882)
• NY UCC-3 Financing Statement Amendment (Cx22780)
• NY UCC-3 Financing Statement Amendment from MERS (Cx22781)

After a review of these documents,…

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Document Updates: NJ Initial Tax Authorization Notice (Cx1507)

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)….

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Global Mapping and Document Changes: Redesigned URLA and UUTS

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….

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Late Fee Updates: Indiana and Oklahoma Maximum Charge Increases

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,…

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Document Updates: Request For Single Family Housing Loan Guarantee (Cx18893)

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,…

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Document Updates: Gift Letter (Cx17342)

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,…

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Document Retirements: Indiana-specific UCC Forms (Cx22852, Cx22853, & Cx22858)

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 ….

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Global Mapping Changes: Co-op is Real Property or Personal Property (FI 123528)

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,…

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Document Updates: SC Mortgage Broker Fee Agreement for Financial Services (Cx3525) and SC Borrower Complaints (Cx4694)

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….

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Document Updates: Removal of Commonwealth Language in Notarial Certificates For Various State Documents (Cx4, Cx486, Cx505, Cx1332, Cx1348, Cx1514, and Cx1516)

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,…

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Document Updates: Various Recordable Utah Instruments (Cx353, Cx511, Cx1398, Cx1550, Cx2935, Cx4350, Cx5702, & Cx19402)

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,…

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Configuration Updates: Washington County, PA Recordable Documents

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,…

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Product Updates: Support for Both Real and Personal Cooperatives in New Jersey

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….

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Document Updates: Revisiting CA Important Privacy Choices for Consumers (Cx16539)

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,…

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Document Updates: Colorado Reasons for Loan (Cx12874)

According to Colorado regulation 4 CCR § 725-3:5.7(B), the mortgage loan originator is required to obtain, in writing, the reasons borrowers are seeking a mortgage loan.  Subsection 1 places the responsibility on the mortgage loan originator to ensure information is acquired and accurately documented. …

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Document Updates: Lender Loan Quality Certification (Cx56)

This document is provided pursuant to the provisions of 38 C.F.R. § 36.4340(k)(2)(i) and VA Lender’s Handbook ch. 4, 1-c & 1-d(5), the last of these requiring that the certification be comprised of the following text:

“The undersigned lender certifies that the loan application,…

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New Document: VA New Construction – No Builder Warrant (Cx13849)

As previously announced, the VA is in the process of revising their “Lender’s Handbook” (VA Manual 26-7). Revised Chapter 10, 18-c requires the following in connection with a loan for new construction, in which the “Veteran, acting as a general contractor,…

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Document Updates: Construction Completion Date Field Changes for Generic Construction Documents

Due to client feedback, we are updating the “Completion Date” functionality on our generic construction documents to provide more flexibility surrounding the date the construction is completed. By default, the documents use Field 538 “Construction Loan Maturity Date” to populate the completion date….

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Document Updates: Changes to IRS Forms 4506 Request for Copy of Tax Return (Cx23) and 4506-T Request for Transcript of Tax Return (Cx3095)

Cx23 is a duplicate of IRS Form 4506 (available directly at: https://www.irs.gov/pub/irs-pdf/f4506.pdf). The newly posted March 2019 version of IRS Form 4506 contains the following changes:

• All references to the September 2018 version now refer to the March 2019 version.

…

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Global Mapping Changes: 2019 Update to IRS Tax Return End Date Default Values

If the ConformX fields used to populate the “Year or period requested” sections of IRS Forms 4506-T and 4506 (Request for Transcript/Copy of Tax Return) are not set, the first two dates default to the last day of the previous two calendar years….

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