DocuTech has had a great year of growth in 2012, wrapping the year up with a 10 percent increase in staff. Even better, we’re anticipating expanding the team at least an additional five percent in the near future….
The CFPB’s amendments to Regulations X and Z will become effective on January 21, 2013. See Dodd-Frank section 1500(c)(3). The amendments include the integrated RESPA-TILA disclosures and Dodd-Frank Act Title XIV disclosures….
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….
