In 2012, Washington’s Legislature changed their laws concerning the delivery of the WA Disclosure Summary so that providing the disclosures required under RESPA and TILA fulfills the requirements of Wash. Rev. Code Ann. § 19.144.020 and can be used in lieu of the Disclosure Summary (see our announcement concerning this at http://www.docutechcorp.com/configuration-changes-wa-disclosure-summary-cx13539)….
Pursuant to our yearly audit of state-specific disclosures, we will be creating the following disclosures for loans in which the subject property is located in Minnesota.
MN Request for Notice of Foreclosure (Cx18225)
Under Minn….
As posted in a Fannie Mae Selling Guide Announcement dated August 26, 2014, 6-month LIBOR index ARM Plans 1445 and 1446 were retired effective immediately:
“In accordance with revisions to the regulations implementing the Truth-in-Lending Act,…
As posted in a Fannie Mae Selling Guide Announcement dated April 15, 2014, Two-Step ARM Plans 975 and 1029 were retired effective August 1, 2014. ConformX users have not printed loan packages through the Fannie Mae Two-Step programs for over a year….
Of Ohio’s many disclosure requirements, three of them are fulfilled by disclosures published by the Office of Ohio’s Attorney General on their website. These disclosures, their legal requirements, and the ConformX numbers of their duplicates in our system,…
Pursuant to our periodic review, it was determined that updates to notary acknowledgments and jurats were necessary for the following documents:
The California and Oregon notary acknowledgments contained in Cx13144 have been revised to conform with Cal….
Cx3981 is a duplicate of form HUD-92900-A and VA Form 26-1802a, which are provided pursuant to the provisions of FHA ML 2008-15 and VA Lender’s Handbook ch. 3, 5-i and ch. 5, 4-c & 5-b.
Copies of these forms may be downloaded from either HUD’s website or the VA’s website….
USDA emailed the following announcement on August 19, 2014, stating they are postponing the effective date of new 7 CFR 3555:
7 CFR 3555 Rule Implementation Extended to December 1, 2014
Based on feedback we’ve received from many of our stakeholders,…
As explained in further detail in our article entitled “Agriculture is the Foundation of Manufacture and Commerce . . . and Housing?”, the USDA is implementing new regulations to replace current regulations, effective September 1, 2014….
Md. Code Ann., Real Prop. § 4-106(b) states the following (in relevant part):
“Affidavit of disbursement required for purchase-money mortgage or deed of trust . . .
(2) The lender may deliver net proceeds, deducting charges,…
In addition to the changes we are making to Cx11205 (see http://www.docutechcorp.com/document-change-oh-escrow-account-disclosure-cx11205), we will also be updating the lender-version of the Ohio “Notice of Escrow of Taxes & Regular Monthly Payment” to match the latest version of this model form,…
Pursuant to our yearly audit of state-specific disclosures, we will be creating three new documents for loans secured by property in Washington, as well as modifying two Washington-specific disclosures:
New Documents:
WA Mortgage Insurance Cancellation Disclosure and WA RD Mortgage Insurance Cancellation Disclosure (Cx18541 &…
Cx18792 has been created to satisfy the elements of N.H. Rev. Stat. § 477:4-c “Disclosure Required; Water Supply; Sewage Disposal.” Cx18792 is a seller required disclosure regarding information relevant to location, installation, testing and malfunctioning of water supply and sewage disposal systems….
This document is provided pursuant to the provisions of Cal. Civ. Code § 2954(a) which permits the “establishment of [an impound account] on terms mutually agreeable to the parties to the loan, if, prior to the execution of the loan or sole agreement,…
Pursuant to our yearly audit of state-specific disclosures, we will be creating the following new documents for loans secured by property located in Hawaii:
HI Commitment Agreement (Cx18836)
Haw. Rev. Stat. Ann. § 431:13-104(b) sets forth the following restriction (in relevant part):
“No person who lends money or extends credit may:
(1) Solicit insurance,…
Currently, Cx17874 is provided pursuant to the provisions of 12 CFR § 1024.20 which requires that borrowers be provided a list of housing counseling agencies shortly after applying for a loan subject to RESPA.
Corresponding with (and predating) this requirement,…
Ohio HB 483 was signed into law on June 16, 2014 making amendments to Ohio Rev. Code Ann. § 1322.063 as follows:
Property tax escrow and monthly payment disclosure.
(A) In addition to the disclosures required under section 1322.062 of the Revised Code,…
Cx1311 is provided pursuant to the provisions of the Illinois Mortgage Insurance Limitation and Notification Act (“MILNA”), specifically 765 Ill. Comp. Stat. Ann. 930/15, which requires the following:
“After July 1, 1998, if a person enters into a transaction to obtain a mortgage for his or her principal residence and private mortgage insurance may be required in connection with that transaction,…
Idaho Admin. Code r. 18.01.39.011 requires the following:
“No title entity may accept any order for; issue a title commitment, guarantee, title insurance policy for; or provide services, including but not limited to escrow closing and foreclosure services,…
The standard HUD-1/1A and Good Faith Estimate forms are being updated for loans with deferred payment for the life of the loan. The content will better match the information displayed for these types of loans on the current Truth-in-Lending Statement “Interest Rate and Payment Summary” table,…
