Updated to match model form. (Date of Release to Production: 11/10/22)

Updated to match model form. (Date of Release to Production: 11/10/22)

On October 31, 2022, the Internal Revenue Service (“IRS”) published a new version of Form 4506-C.  Form 4506-C allows cleared and vetted Income Verification Express Service (“IVES”) participants to request tax return information with permission from an authorized taxpayer. 

As noted in previous articles, Fannie Mae and Freddie Mac published new versions of their Uniform Instruments in July 2021, with a required use date as of January 1, 2023.  DocMagic moved to the new versions of standard conventional documents as of August 12, 2022. In addition to these changes, DocMagic will also be making updates to the notes and security instruments used for FHA and VA loan types. 

New Fannie Mae form (same as US3735.MSC with notary page removed). (Date of Release to Production: 11/10/22)

New Freddie Mac form. (Date of Release to Production: 11/10/22)

Updated "Respondent Burden" field on top of page 1. (Date of Release to Production: 11/03/22)

Updated first paragraph on page 1, and added "Title" line on page 2. (Date of Release to Production: 11/03/22)

Updated "Security Instrument" definition on page 1. (Date of Release to Production: 11/03/22)

Updated to use dynamic signature lines. (Date of Release to Production: 11/03/22)