The Kentucky Human Rights Commission has published a new Fair Housing Brochure which must be provided at all real-estate related transactions at the time of sale, purchase, or financing of real property. The old brochure is still cited and required under 104 KAR 1:010,…
IDAHO FALLS, IDAHO, June 5, 2012 – Chaska, Minn.-based KleinBank Mortgage, a division of KleinBank, Minnesota’s largest family-owned state bank with assets exceeding $1.5 billion, has enhanced its mortgage document compliance process and reduced the potential for compliance errors encountered during the closing with DocuTech and the company’s flagship product,…
Cal. Fin. Code §§4052 & 4053 prohibit a financial institution from disclosing or sharing a consumer’s nonpublic personal information with either an affiliate of the institution or a nonaffiliated third party, unless the financial institution has provided the consumer with a privacy notice and the consumer has subsequently consented to the sharing of their information….
12 CFR §1002.9 requires an “ECOA Notice” to be provided to credit applicants within a certain amount of time after either receiving, or taking action on, an application. This “ECOA Notice” is included with other disclosures required under Regulation B,…
Until recently, Cx13539 was required under the provisions of Wash. Rev. Code Ann. §§19.144.020 & 31.04.102 and Wash. Admin. Code §§208-600-200 & 208-620-510. This document was a duplicate of the “1 Page Disclosure Summary” forms published by the Washington State Department of Financial Institutions on their website (http://www.dfi.wa.gov/banks/forms.htm),…
American Banker, May 31, 2012
Before United Community Mortgage Services’ Kathy Weber can even describe how emerging technology is necessary to manage accuracy and compliance for the boatload of new mortgage documents required in the post-crash world, her description of the scope of the corresponding rules makes the argument for her….
IDAHO FALLS, IDAHO, May 30, 2012 – DocuTech Corp. (DocuTech), a leader in compliance services for mortgage documents, has signed 41 new clients, including a Top 25 lender, since the beginning of December 2011. The growth is fueled by DocuTech’s commitment to guaranteed compliance,…
Based on the results of DocuTech’s yearly state-specific disclosure audit, the configurations for several documents will be changed as follows:
1. GA Foreclosure Disclosure (Cx1011). This document is provided pursuant to the provisions of Ga. Code Ann. §7-1-1014(3) and Ga….
The following changes will be made to DocuTech’s CA Rate Lock Agreement, which is provided pursuant to Cal. Fin. Code §50203(a)(3)(A) & (B):
1. The Agreement currently only prints when a client has set the “California License Type” field to “CA Residential Mortgage Lending Act” in ConformX,…
2012 Wash. Legis. Serv. Ch. 3 (S.S.B. 6239), which allows for same-sex marriages, will become effective on June 7, 2012. Partners in civil unions and same-sex marriages have the same marital property rights as traditional marriages, and mortgage companies require partners in such arrangements to join in signing the security instrument….
