There are two Louisiana licensing schemes related to mortgage lending:
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To be more in alignment with the Consumer Financial Protection Bureau’s Escrow Disclosure Public Guidance Documents, in Cx7605 “Escrow Account Disclosure Enhanced Fees,” Docutech has added beneath the document title “Initial Escrow Account Disclosure Statement” the following language:
Lender/Servicer:
Address:
Telephone:
To allow for these areas to be filled out,…
We are making some adjustments to our Cx2411 (HELOC Mortgage – HI) and Cx3027 (HELOC Deed of Trust – MT). Hawaii and Montana do not have requirements for witnesses to be present during the execution of the security instrument nor to be recorded with the county recording office….
As previously announced, Cx2485 “DC Real Property Recordation and Transfer Tax Form FP 7/C” was revised last Fall to match the updated model form located on the DC Office of Tax and Revenue website.
In PART B –…
The Federal Housing Administration (FHA) model security instruments and notes are generally modeled on the Fannie Mae and Freddie Mac (the GSEs) uniform instruments. In 2021 the GSEs published revised uniform instruments which were mandatory in 2023, but as of this date FHA has not required their use as a base for their forms. …
Pursuant to our monthly audit of federal agency forms, we have updated Cx16049 “Application for Assumption Approval” – VA Form 26-6381.
Included in the Cx16049 updates are:
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A resident homeowner in Georgia is entitled to a homestead exemption on their home and land, if the property is their legal residence and permanent residence, as of January 1 of the taxable year. Please note that both “resident” and “homestead” are defined by Georgia statute….
KRS § 369.107(4) states:
“If a law requires a signature, an electronic signature satisfies the law.”
As such, Cx13677 “KY Homeownership Protection Center Notification to Homeowners” has been configured with a generic option for eSign.
The eSign version of Cx13677 is now available for testing on Stage &…
We have made some updates to our Missouri HELOC Deed of Trust (Cx1355). They are as follows:
-The default section provides that the trustee may invoke the power of sale. To ensure that the power of sale has been conveyed to the trust we have added “with the power of sale” to the grant of mortgage in the Premises section of the Deed of Trust….
On January 31, 2024, Fannie Mae announced that the Model Form for the Texas Deed of Trust (Form 3044) had been revised to correct a typographical error in Paragraph 27 “Release”.
Paragraph 27 “Release” now reads:
“Upon payment of all sums secured by this Security Instrument,…
We have recently completed a review of cosigner/guarantor requirements for several states. We determined that many state statutes use the terms cosigner and guarantor nearly synonymously. Therefore, we created the following Notice to Guarantor forms to print separately for guarantors and print guarantor signature lines when applicable:
These documents will print by default for the above states under the same print conditions the corresponding Notice to Cosigner documents print,…
Pursuant to our monthly audit of federal agency forms, we have updated Cx23 “4506 Copy of Tax Form” and Cx7744 “Equal Opportunity Agreement – Form RD 400-1”.
Included in the Cx23 updates are:
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After a document library audit, Docutech has reevaluated its interpretation of Cal. Civ. Code §2955.1(c) which states:
“The disclosure required by this section shall be made in writing by the lender as soon as reasonably practicable.”
Without a specific directive for a lender signature,…
The language in Nev. Admin. Code 645B.235 was updated per Nevada Legislative Counsel Bureau (LCB) File No. R119-19 on November 9, 2023. This language change affects MLD Form 505 “Dual Capacity Borrower Acknowledgment” which is provided by the Nevada Division of Mortgage Lending….
Docutech is updating our HELOC Deed of Trust – TX (Cx21376) to be more consistent with:
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After a document library audit, it was discovered that the mortgage loan originator signature requirement in 4 CCR 725-3:5.13 was repealed.
As such, Docutech is removing the following signature fields by default when Field 2279 “State Code” = Colorado:
Field 1057 Loan Officers Name
Field 6887 Loan Originator Name
Field 7029 Broker Name
Field 27017 Interviewer’s Name
These signature fields can be restored if clients so choose….
On May 27, 2023, Governor Greg Abbott approved Texas Senate Bill 1780 which amends V.T.C.A., Government Code § 406.110(d) by adding the following new language in bold:
“The notarial certificate for an online notarization must include a notation that the notarization is an online notarization and must indicate if the signature was a tangible symbol or an electronic signature.”
This new provision went into effect on January 1,…
It has come to Docutech’s attention that while utilizing the “Global Default” for stacking orders, Cx4549 “TX Notice Concerning Extensions of Credit” and Cx3640 “TX Notice Concerning Extensions of Credit – Spanish” were not printing consecutively because Cx4549 had been coded as Document Type “Other” while Cx3640 had been coded as Document Type “Lender”….
The FHA Loan Underwriting and Transmittal Summary is used to summarize key information utilized in the comprehensive risk assessment of the mortgage loan and the final underwriting decision. We have made slight logic adjustments to the Loan Purpose section on our copies of this form (Cx13513 and Cx15849)….
According to D.C. Code Ann. § 26-1152.11, lenders making covered loans are required to send the borrower a Red Flag Warning Disclosure Notice (our Cx4245). The contents of the Red Flag Warning Disclosure notice are provided by DC Municipal Regulation 26-C § 2005 and in Form 1 of the Appendix….
