Updated expiration date to match model form. (Date of Release to Production: 06/22/23)

Updated expiration date to match model form. (Date of Release to Production: 06/22/23)

Updated expiration date to match model form. (Date of Release to Production: 06/22/23)

DocMagic is making various updates for the selection of forms in redisclosure packages based on changes from prior disclosures to the loan’s rate type or loan type.   These changes will help clients ensure a loan receives all required disclosures that may not have been included in the initial disclosure package because the loan terms changed after the initial disclosure package was generated. 

The State Bar of Georgia recently revised their Title Standard related to the Waiver of Borrower Rights that is typically included with a Georgia Security Deed.  The revision to the Title Standard notes that the absence of a Waiver of Borrower Rights “shall not invalidate the security deed nor prevent the exercise of an otherwise proper power of sale.”

Last year, the Georgia legislature passed an update to the state’s recordation requirements statute with House Bill 974.  We previously wrote about House Bill 974 in May 2022 and April 2023.  The bill is effective July 1, 2023, and documents presented for recording in Georgia must comply on that date.

Updated to 05/03/2023 version. (Date of Release to Production: 06/08/23)

New Fannie Mae model form. (Date of Release to Production: 06/15/23)

Updated to 4/2023 version. (Date of Release to Production: 06/15/23)

Updated to 4/2023 version. (Date of Release to Production: 06/15/23)