Freddie Mac Subordinate Lien Documents

Freddie Mac has announced the availability of standardized subordinate mortgage documents.  After leading an effort to draft and review the documents, Freddie Mac has published the model forms on a new Freddie Mac subordinate lien document webpage. The webpage also provides additional information regarding the use of the standardized subordinate lien documents, including FAQs and links to additional lender information.

North Carolina Issues Proposed Phase II Remote Notary Rules

The North Carolina Secretary of State has issued the second (“Phase II”) of three planned sets of rulemaking packages that are intended to implement and interpret the North Carolina Remote Electronic Notarization Act (“RENA”), which was adopted on July 8, 2022, and modified by Senate Bill 552 on June 23, 2023 and Senate Bill 615 on September 28, 2023. Senate Bill 552 extended the emergency use of video notarizations and video witnessing to June 30. 2024 and Senate Bill 615 added clarifying language to notary journal sections.

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