Updated legal citation in footer. (Date of Release to Production: 12/03/20)

Updated legal citation in footer. (Date of Release to Production: 11/19/20)

Updated legal citation in footer and added field on page 1 (Rate Type). (Date of Release to Production: 11/19/20)

Added two new legal citations to footer. (Date of Release to Production: 11/19/20)

New form. (Date of Release to Production: 11/19/20)

As previously announced, Fannie Mae and Freddie Mac (the “GSEs”) jointly published sample interactive Spanish translation aids for each component of the redesigned Uniform Residential Loan Application (“URLA”). The aids are non-executable versions of the updated URLA forms translated into Spanish.

Earlier this year, the California legislature enacted the Consumer Financial Protection Law (“CFPL”), under Assembly Bill 1864.  The law expands the powers of the Department of Business Oversight and includes a name change for the regulator to the Department of Financial Protection and Innovation. DocMagic’s previous announcement regarding the new law is available here. 

Updated all references of "Department of Business Oversight" with "Department of Financial Protection and Innovation." The Department of Business Oversight (DBO) has been expanded and the name has been changed to the Department of Financial Protection and Innovation (DFPI). AB 1864 has an effective date of 01/01/21, but the agency is encouraging lenders to make changes now, and has updated their own website and model forms. (Date of Release to Production: 11/12/20)

Updated all references of "Department of Business Oversight" with "Department of Financial Protection and Innovation." The Department of Business Oversight (DBO) has been expanded and the name has been changed to the Department of Financial Protection and Innovation (DFPI). AB 1864 has an effective date of 01/01/21, but the agency is encouraging lenders to make changes now, and has updated their own website and model forms. (Date of Release to Production: 11/12/20)

Updated all references of "Department of Business Oversight" with "Department of Financial Protection and Innovation." The Department of Business Oversight (DBO) has been expanded and the name has been changed to the Department of Financial Protection and Innovation (DFPI). AB 1864 has an effective date of 01/01/21, but the agency is encouraging lenders to make changes now, and has updated their own website and model forms. (Date of Release to Production: 11/12/20)