After a document library audit, Docutech has decided to retire two non-TRID second lien documents because neither one has been in use for over four years. They are:
Cx13586 “Truth-In-Lending Disclosure – 2nd Lien” has been retired generically….
VA Form 26-1820 Report and Certification of Loan Disbursement is given in accordance with 38 CFR § 36.4303. Section (a) requires several certifications from the lender and must be given “not later than 60 days following full disbursement”. Line 15 of the form,…
After an audit of our HELOC – MT Deed of Trust (Cx3027), we have decided to update the default language to more closely match the FNMA uniform instruments. The default provision in our Cx3027 originally combined both the rights of lender and acceleration clauses. …
As previously announced in a Docutech Compliance News Alert, on August 23, 2023, Fannie Mae announced that the Model Form for the District of Columbia Deed of Trust (Form 3009) has been revised again to provide further clarity in Paragraph 26(a) “Notice of Default”….
In 2022, Maine passed its version of the Revised Uniform Law on Notarial Certificates (RULONA). Upon the passage of this RULONA, Maine had two general notary statutes in effect (Me. Rev. Stat. tit. 4, Ch. 22 (Uniform Recognition of Acknowledgments Act) and Me….
After reviewing our Texas HELOC documents, we have adjusted language in our TX HELOC Agreement (Cx21652) and HELOC Deed of Trust (Cx21376) to clarify provisions related to Texas 50(a)(6) home equity loans.
According to TX Constitution Article 16 § 50(a)(6)(C) extensions of credit are without recourse for personal liability against each owner and the spouse of each owner,…
Louisiana Revised Statute Section § 6:1098(A) requires a mortgage broker to retain a signed copy of the residential mortgage loan brokerage contract in the customer’s file. Previously, the document had two checkboxes, one to check as “borrowers copy” and the other to check for “brokers copy”. …
Pursuant to our monthly audit of federal agency forms, we have updated our Mortgagee’s Assurance of Completion (Cx3556) to match the updated model form published by HUD.
The following modifications have been made to the document:
…
Pursuant to our monthly audit of federal agency forms we have updated VA form 66-6382, Statement of Purchaser or Owner Assuming Seller’s Loan (Cx21074) and Request Pertaining to Military Records (Cx17072) to match the updated model forms from the VA….
After review of Rhode Island Notification to Buyer(s) of Withholding Tax Requirement, Cx1028, we were unable to find a reason or requirement for a lender’s signature. In the interest of simplifying the document, we have removed the lender’s signature line generically….
According to Cal. Gov’t Code § 27321.5(b), the address of the trustor or one of the trustors is required to be on the deed of trust or mortgage. The language of the statute reads:
Every deed of trust or mortgage with power of sale upon real property,…
After legal review of Second Mortgage and HELOC documents, we have decided to make the following updates:
Cx493 MT Deed of Trust Second, Cx482 IN Mortgage Second, Cx468 AL Mortgage Second
…
After an in-depth review of Missouri notary law, specifically VAMS 486.600, it was noted that it makes more sense for notarial certificates on the Signature Name Affidavit (Cx865) to be jurats rather than acknowledgments. To be in better compliance with this statute,…
Pursuant to our monthly audit of Federal Agency forms we have updated our HUD forms “For Your Protection: Get a Home Inspection” (Cx2283) and “Builder’s Certification of Plans, Specifications and Sites” (Cx3971). Both of these documents have new model forms,…
Pursuant to our monthly audit of Federal Agency forms we have updated our Cx19212 “USDA/RD Origination Stacking Order Checklist – Attachment 15-A” to match the updated model form published by USDA/RA
The following modifications have been made to the document:
These changes will be in effect on August 10,…
Pursuant to our monthly audit of Federal Agency forms we have updated our “VA Compliance Inspection Report” (Cx5402) to match the updated Department of Veterans Affairs Form 26-1839. The following changes have been made:
…
The following global data integrity check message displays from ConformX for non-IRRRL VA refinances when Previous Loan Total of All Remaining P&I + MI (FI 131834) is empty or set to $0:
Field 131834 Previous Loan Total of All Remaining P&I + MI must be disclosed on non-IRRRL VA refinance comparison form….
On March 14, 2023, Governor Doug Burgum approved North Dakota Senate Bill 2090 which creates and enacts a new Chapter 13-12 of the North Dakota Century Code relating to the licensure of Residential Mortgage Lenders, and amends and reenacts most Sections of Chapter 13-04.1 of the North Dakota Century Code relating to the licensure of Money Brokers….
Upon review, it has been determined that trustee signatures lines for trust loans will now be included on Cx16099 – MD Written Acknowledgment of Delivery of the Note.
As previously announced, Cx16099 is not a required document,…
Per MD Tax-Prop. Code § 12-108(g)(3), Cx15803 “MD Tax Property Affidavit” is a recordable document. For Cx15803 to be included in Docutech’s Recordable Document Page Count functionality, the Document Type has been changed from “Borrower Affidavit” to “Rider to Security Instrument”….
