Cx15312 is a duplicate of the Model B-3/H-3 Form provided by the Federal Trade Commission, Federal Reserve Board, and Consumer Financial Protection Bureau pursuant to the provisions of 15 USCA § 1681m(h) (West 2012) and 12 CFR §§ 222.74(d)(1), 1022.74(d)(1),…
Or. Admin. R. 441-865-0060(1)(c) (2012) requires a mortgage banker or mortgage broker to maintain in their files either a written statement from a borrower acknowledging that the interest rate for their loan will float, or a copy of an executed lock agreement,…
This is a reminder that state-specific versions of Cx13441 will be configured to print in Initial Disclosure packages for all loans secured by property in Maine and Maryland, due to this year’s election results concerning same-sex marriage.
For details about this Addendum and the election results,…
An update to Department of Veterans Affairs Form 26-1820 (Cx52) was announced in VA Circular 26-12-9, dated November 9, 2012. In cases where a Veteran is unable to occupy the property because of his/her active duty status as a member of the Armed Forces,…
A “Non-Owner Occupancy Rider” is required in connection with a FHA security instrument in the rare circumstance when owner occupancy is not required by the FHA, due to a “hardship,” such as a seasonal employee being unable to find affordable housing near his temporary worksite (see FHA Single Family 4155.2 ch….
In Maryland, borrowers have the option of having their property taxes (whether imposed by the State, county, or a municipal corporation) paid by default in semi-annual installments or, by election, in an annual installment (see Md. Code Ann., Tax-Prop. §§ 1-101[aa] &…
The California Fair Lending notice is governed by Cal. Code Regs. tit. 21, §7114, which sets forth which addresses print on the notice based on the providing institution’s license type. Under the regulation, three addresses are listed for the Department of Corporations….
The Mortgagee’s Assurance of Completion (HUD-92300) prints for FHA loans with escrow holdbacks. The formatting of Cx3556 has been modified. It will now print on letter sized paper, similar to the original copy of the form posted at http://portal.hud.gov/huddoc/92300.pdf….
Cx4479 is provided pursuant to the provisions of N.J. Stat. Ann. §46-10A-6 , N.J. Admin. Code §§3:1-16.1 et seq. (more particularly §§3:1-16.5 & 3:1-16.6), and N.J. Dept. of Bank and Ins., Bulletin #07-12. Being one of our oldest documents, numerous additions have been made to it from various clients over the years,…
Earlier this year, the “Moving Ahead for Progress in the 21st Century Act” (“MAP-21”; Pub. L. 112-141; 126 Stat. 205 [H.R. 4348 2012]) became law. Section 100239(a)(6) of MAP-21 amends 42 USCA §4012a(6), so that it will require the following:
“NOTICE.-
(A) IN GENERAL.- Each lender shall disclose to a borrower that is subject to this subsection that-
(i) flood insurance is available from private insurance companies that issue standard flood insurance policies on behalf of the national flood insurance program or directly from the national flood insurance program;…
Florida law requires that a broker provide to a borrower, at the time a broker agreement is executed between the two parties (but at least three business days before closing), disclosures that the broker cannot execute loan commitments or lock-in agreements,…
Cx7276 is a list of housing counseling agencies located in Michigan and is provided in all Initial Disclosure packages for loans secured by property in this state, pursuant to the provisions of Mich. Comp. Laws Ann. §445.1637. This list is based upon the online list generated by the Federal Department of Housing and Urban Development (“HUD;” see http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?webListAction=search&searchstate=MI)….
There are various provisions under Arkansas law prohibiting coercive practices in regards to various insurances obtained in connection with mortgage loans, as follows:
Ark. Code Ann. § 23-32-206(a) (West 2012) prohibits several entities from requiring a mortgagor to purchase casualty insurance in an amount “in excess of the fair market value of the buildings or appurtenances on the mortgaged premises.”
Ibid….
Previously, only the names and signature lines for the actual borrower(s) of a loan secured by shares in a co-operative apartment were printing on the “Irrevocable Stock Power – COOP” (Cx4986), “Affidavit of No Further Encumbrances – COOP” (Cx4989), “Notice of Assignment of Security Agreement – Managing Agent – COOP” (Cx4991),…
Cx13568 has been provided for the past several years due to the provisions of Wash. Rev. Code Ann. §§ 26.60.010 through 26.60.901 (West 2012) concerning domestic partnerships. In addition to Cx13568, we have also been providing a multi-state “Addendum to Loan Application” (Cx13441),…
Under 12 CFR §1002.7(d)(1), creditors do not consider the mere submission of a joint financial statement or other evidence of jointly held assets as an application for joint credit. While not required under Federal law, “Notice of Intent to Apply for Joint Credit” (Cx3393) is provided in ConformX Initial Disclosure packages so lenders can receive clarification as to whether borrowers who are providing evidence of jointly held assets are applying for joint credit….
2012 Hawaii Laws Act 182 (H.B. 1875) recently amended Haw. Rev. Stat. § 667-41 (West 2012), which now requires that a “public information notice,” which explains the judicial and nonjudicial processes and procedures for foreclosing upon a mortgage, be provided to “the public,…
S.C. Reg. 28-400(C)(2) requires mortgage brokers to keep on file mortgage broker agreements entered into with borrowers. Mortgage broker agreements are required to contain certain disclosures and terms, such as the amount of any fees, the nature of the services the broker provides to the borrower,…
Under Me. Rev. Stat. Ann. tit. 33, §507, if a processor or underwriter of a loan “engages in the business of private mortgage insurance,” a supervised lender or a loan broker is required to disclose to a loan applicant this fact….
Pursuant to Miss. Code Ann. §81-18-28 and 5-2 Miss. Code R. §1.11, DocuTech will now be providing a generic lock-in agreement for loans secured by property located in Mississippi. This agreement is split into several sections.
The first section is a preamble with a general recital typical in most agreements….
