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January 2020 Edition


California Consumer Privacy Act Effective January 1

The California legislature passed, and the Governor signed, the California Consumer Privacy Act (the “CCPA”) earlier this year to be effective January 1, 2020. Learn More


Compliance Term of the Month

Commitment Amount

The amount of loan funds committed to a construction project, usually the same as the loan amount in a construction only or construction-to-permanent loan.  The commitment amount is the basis for the interest-only payment disclosed pursuant to Appendix D to Regulation Z.


Form Updates

Update to VA Form 26-1880

The Department of Veterans Affairs (“VA”) recently released VA Circular 26-19-30 to provide additional guidance for the implementation of... Read More



GSEs Announce New Implementation Timeline for Revised URLA

On December 18, 2019, Fannie Mae and Freddie Mac (the “GSEs”) announced the new implementation timeline for the redesigned Uniform Residential Loan Application (“URLA”)... Read More



Nevada Updates Mortgage Banker and Broker Statutes

Nevada Assembly Bill No. 468, which was enacted on Jun 8, 2017 and is effective January 1, 2020, repeals certain statutory provisions... Read More



New/Revised Documents – December 2019

In order to keep DocMagic software users better apprised of document changes and additions as they occur, DocMagic posts listings of all newly created and revised documents. Read More




Upcoming Event

Overcoming the Roadblocks to eClosing Implementation

Two technologists who have overseen thousands of eClosings provide expertise on how to successfully implement eClosing technology. 


System Updates