When applying for certain exceptions in the District of Columbia, D.C. Mun. Regs. § 9-335 requires the use of model form “ROD 1 – Real Property Recordation and Transfer Tax Form FP 7-C”, which has recently been updated by the DC Office of Tax and Revenue,…
The Washington Department of Financial Institutions has finalized amendments to its regulations administrating the “Consumer Loan Act” (Wash. Rev. Code Ann. §§ 31.04.015 et seq.) and “Mortgage Broker Practices Act” (Ibid. §§ 19.146.005 et seq.…
As previously announced, Fannie Mae and Freddie Mac published a notice on October 23, 2019 concerning updates to the Redesigned 1003, available here: https://www.fanniemae.com/content/notification/notification-urla-announcement-october-2019. Our copy of the Redesigned 1003 Uniform Residential Loan Application,…
On October 23, 2019, FNMA and FHLMC published a notice concerning updates to the Redesigned 1003, available here: https://www.fanniemae.com/content/notification/notification-urla-announcement-october-2019, and posted directly on the FNMA Redesigned 1003 website along with the updated copy here: https://www.fanniemae.com/singlefamily/uniform-residential-loan-application
These updates,…
Cx11242 is a duplicate of Form 3, “Rhode Island Home Loan Protection Act Disclosure – Tangible Net Benefit”, published by the Banking Division of the Rhode Island Department of Business Regulation on their website (http://www.dbr.ri.gov/divisions/banking/bank-licenseeinfo.php), and is required by law under R.I….
Last year, now-former Gov. Jerry Brown (D) signed into law “The California Consumer Privacy Act of 2018” (“CCPA”), which is scheduled to take effect on January 1, 2020. On October 11, 2019 the California Secretary of State’s office assigned Legislative Chapter numbers to the following five amendments to the CCPA,…
Last year, FNMA announced revisions to their Form 1008 (Uniform Underwriting and Transmittal Summary), with a mandatory effective date of July 1, 2019. Earlier this year, FNMA announced that they had postponed this mandatory effected date to February 1,…
While Federal Regulation Z permits, but does not require, signature lines to appear on the Loan Estimate and Closing Disclosure forms (see 12 CFR §§ 1026.37[n] & 1026.38[s]), some State administrative laws do require signatures on one or both of these documents,…
According to Texas Finance Code § 343.104, “[a] lender may not offer any individual or group credit life, disability, or unemployment insurance on a prepaid single premium basis in conjunction with a home loan unless the following notice is provided…”…
This past August, the USDA Office of Rural Development (“RD”) announced that they would be publishing a new version of form RD 3555-21 in October. Yesterday afternoon, RD published the appropriate new version of the form on their website….
