Docutech is making a minor change to bring the logic for the LOAN ID# in the Loan Estimate footer in line with the default logic for the LOAN ID# at the top of page 1 of the Loan Estimate (Cx18565)….
As previously announced, Neb. Rev. Stat. Ann. § 45-191.01 (for which we provide “NE Loan Broker Disclosure Statement” [Cx3444]) has been amended. Currently, the disclosure statement was required to be provided “at least forty-eight hours before the borrower signs a loan brokerage agreement ….
Docutech is updating our Maryland Deeds of Trust to make it easier to locate the “Return To” information on the document. Previously the “Return To” section has been placed on the last page per the following instructions from Cecil County,…
All three of these documents are required under various provisions of Minn. Stat. Ann. § 47.206. In the case of Cx18228 and Cx18229, they are also required under Ibid. § 47.20. After a review of these documents and statutes,…
12 CFR § 1026.38(p)(1) states:
“For transactions subject to 15 U.S.C. 1639h or 1691(e), as implemented in this part or Regulation B, 12 CFR part 1002, respectively, under the subheading “Appraisal,” that:
i. If there was an appraisal of the property in connection with the loan,…
The following documents are being retired generically, since they were replaced in 2014 with newer forms and should not be needed any longer. Those few clients who have used the older documents within the last 90 days will be assigned to the documents they have been printing….
Under current law, N.D. Cent. Code Ann. § 11-18-05(1)(a)(4) requires a margin of 4” x 3.5” to appear on either the first or last page of “deeds, mortgages, and all other instruments not specifically provided for” which are submitted for recording….
As previously announced, various parts of Colorado’s statutes have been amended and, in some cases, transferred to other parts of Colorado’s Revised Statutes (see http://blog.docutechcorp.com/compliance-news-colorado-amends-various-acts). After reviewing these changes, we will be modifying a sentence in Cx3584 from this:
“You may request within thirty days a copy of the information specifically required to be disclosed pursuant to Colo….
Upon a standard review of Colorado’s Lock-In Disclosure (our Cx13134), we have made the following updates and changes to better align with the model form:
•Federal Reserve website link has been removed
•Citations have been changed from § 12-61-914(2)(d),…
As previously announced, Ohio’s regulations have been amended to change the title of the model “Closing Disclosure” required under Ohio Rev. Code Ann. § 1345.031(B)(8) and Ohio Admin. Code 109:4-3-23 & 109-4-3-23 App. (see http://blog.docutechcorp.com/compliance-news-ohio-changes-content-closing-disclosure).
Pursuant to this change,…
Following a standard review, Docutech is making minor changes to the notary and witness sections of our Georgia security instruments in order to ensure that the language more closely mirrors Georgia Code Annotated § 44-2-15. The documents affected are:
…
Certain disclosures concerning the cancellation and termination of private mortgage insurance (“PMI”) premiums are required to be provided for a “residential mortgage transaction” under 12 USCA § 4903. The disclosures provided in our system are as follows:
A “residential mortgage transaction” is defined (in relevant part) as “a transaction ….
As previously announced, Maryland regulations have been modified to permit licensees to disclose their NMLS Unique Identifiers on security instruments in lieu of their state licensing numbers (see http://blog.docutechcorp.com/compliance-news-maryland-changes-licensing-numbers-security-instruments). Previous to this change, state license numbers were required to be disclosed on these documents pursuant to Md….
Under Massachusetts Gen. Laws Ann. ch. 184, § 17B and Mass. Regs. Code tit. 209, § 42.14, Cx3573 is required to be provided in connection with a loan secured by residential property which is “occupied or to be occupied in whole or in part by the obligor on the mortgage debt” (Supra)….
On May 4, 2017, Gov. Larry Hogan (R-MD) signed into law S.B. 392 (2017) which amends the provisions under Maryland Code Ann., Com. Law §§ 12-125 & 12-1022 governing the issuance of a financing agreement and loan commitment.
Under both sections of law,…
This document is provided to fulfill the provisions of Minn. Stat. Ann. §§ 580.032, 582.032, & 582.32 to record a request for notice of a mortgage foreclosure by advertisement, a reduced redemption period, or a voluntary foreclosure.
Currently,…
As previously announced, the Department of Vetarans’ Affairs have issued VA Circular 26-17-11 which provides (inter alia) instructions on how to properly fill out the Closing Disclosure for VA-guaranteed loans (see http://blog.docutechcorp.com/compliance-news-va-provides-new-instructions-closing-disclosure for further details)….
N.M. Admin. Code 13.7.2.8 specifies the form to be given to satisfy the notice of rights required by Section 59A-16-14 NMSA 1978, which obligates the lender to inform the borrower that:
…although [the borrower] may be required by the seller or lender to purchase insurance to cover the property that is being used as security for the loan,…
Following a standard review, we have updated SSA-89, Authorization for the Social Security Administration To Release Social Security Number (SSN) Verification (our Cx5579), to reflect the most recent version of the form (revision date of 04-17). The new SSA-89 version contains a more concisely worded Privacy Act Statement….
The VA allows a veteran to use an attorney-in-fact (title of person acting under the authority granted by a power of attorney) to execute any documents necessary to obtain a VA-guaranteed loan. This enables active duty service persons stationed overseas,…
