Subordinate Lien Security Instruments Notice of Default Update

DocMagic will be reviewing any applicable rules in state laws or regulations for standard language to include with the Notice of Default heading section that already exists on DocMagic standard subordinate lien security instruments.  As applicable based upon the review, DocMagic will make updates to the standard text of subordinate security instruments to include relevant notice of default language. 

 

New Nebraska Tangible Net Benefit Form Added for Refinances

On February 20, 2026, the Nebraska Legislature passed a bill, Legislative Bill 717 (LB 717), that adds a new requirement for lenders to complete and provide to the borrower a tangible net benefit form for all refinances of mortgage loans.  As part of the state’s residential mortgage licensing laws and also its installment loans and sales laws, lenders or licensees will now be required to disclose whether any refinance provides a tangible net benefit to the borrower. 

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