Compliance Docutech (26)

Stay ahead with trusted industry insights and compliance updates.

Document Update: Addition of “Important Terms of Our HELOC” Language to Cx19978 – GA Acknowledgment of Receipt

Jul 12, 2024

According to Ga. Comp. R. & Regs. 80-11-1-.01(3) & (6), all disclosures required by federal law for Home Equity Lines of Credit (HELOCs) must ...

Topics: Document Updates

Late Fee Matrix Updates: Oklahoma, South Carolina & Minnesota

Jul 9, 2024

Three states updated their late fee requirements on July 1st. As a result, the following adjustments have been made to the Late Fee Matrix and the ...

Topics: Document Updates

Update to Colorado Net Tangible Benefit Disclosure (Cx12873)

Jul 9, 2024

In order to improve the process of completing Cx12873 (Colorado Net Tangible Benefit Disclosure) we have updated the logic connected to the ...

Topics: Document Updates

Document Updates: Description of Materials (Cx17488)

Jun 26, 2024

We are updating the following VA Form to reflect updates recently published by the VA. The affected form is VA Form 26-1852 – Description of ...

Topics: Document Updates

Document Updates: Fixed Rate Note New Jersey Second (Cx1063) and New Jersey HELOC Agreement (Cx21652)

Jun 18, 2024

According to NJ Stat. Ann. §17:11C-78(a) a second mortgage loan shall “be in the form of a promissory note for a closed-end loan, and in the form of ...

Topics: Document Updates

Document Update: “Return To” Section of Hawaii Mortgage Second (Cx478)

Jun 17, 2024

In Docutech’s ongoing efforts for having consistency throughout its documents, the “Return To” section of Cx478 “Hawaii Mortgage Second” has been ...

Topics: Document Updates

Document Updates: Optional Beneficiary/Lender Name and Address on the Security Instrument

Jun 14, 2024

Beneficiary/Lender on Security Instrument Name (FI 294) and Beneficiary/Lender on Security Instrument Full Address (FI 15290, consisting of Address ...

Topics: Document Updates

Document Updates: Closed End Second Condo Rider (Cx2482) and Closed End Second PUD Rider (Cx2483)

Jun 14, 2024

Two PUD and Condo riders were printing in standard second lien Texas Home Equity second lien packages. The duplicative non-Texas Home Equity copies ...

Topics: Document Updates

Document Updates: Borrower Name(s) Field Update on Several Riders (Various)

Jun 12, 2024

We are updating a field associated with the borrower’s name on several riders. In the security instrument, the term borrower is more closely ...

Topics: Document Updates

The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.