On August 24, 2018, New Jersey enacted Assembly Bill 2035, which becomes effective on November 22, 2018.  The bill amends provisions of the New Jersey Residential Mortgage Lending Act (RMLA).  The RMLA has not previously been amended since it was enacted in 2009 to establish licensing standards and oversight for residential mortgage lenders, residential mortgage brokers, qualified individual licensees and mortgage loan originators. The amendments to the RMLA should help to resolve some fee issues lenders and brokers faced in New Jersey due to previous ambiguity in the law.

You may notice over the next few weeks that our logo has changed in the footer of our documents.   We are removing the url referencing our website at “www.docmagic.com” from DocMagic eforms in the bottom right corner of all DocMagic documents.  The changes will only affect DocMagic standard forms right now, but we will advise of any additional changes (including any made to custom forms) at a later date.  However, beginning October 10, 2018, any new custom forms we create will begin using the new version of our logo which does not include the url.  

In the state of Minnesota, late fee dollar amounts are subject to periodic adjustments on even numbered years under Minnesota statutes, section 47.59, subdivision 3(i), and 56.131, subdivision 4.  The changes in dollar amounts are provided by the Minnesota Department of Commerce in their publishing of the Consumer Credit Code Adjustments for 2018.

The state of Indiana provides for periodic adjustments in certain dollar amounts including late fees on even-numbered years, becoming effective on July 1 of those even-numbered years.  The changes are published by the Indiana Department of Financial Institutions and can be seen here.

Update to the inventory names of listed Spanish Language forms to be in English in the display list. Not a visual form update. Affected Forms: IA3016S.MTG, IA3016S.MZM, KS3017S.MTG, KS3017S.MZM, KY3018S.MTG, KY3018S.MZM, LA3019S.MTG, LA3019S.MZM, ME3020S.MTG, ME3020S.MZM, MD3021S.DOT, MD3021S.MZD, MA3022S.MTG, MA3022S.MZM, MI3023S.MTG, MI3023S.MZM, MN3024S.MTG, MN3024S.MZM, MS3025S.DOT, MS3025S.MZD, MO3026S.DOT, MO3026S.MZD, MT3027S.DOT, MT3027S.MZD, NE3028S.DOT, NE3028S.MZD, NV3029S.DOT, NV3029S.MZD, NH3030S.MTG, NH3030S.MZM

Update to the programming of the Authorization for the Social Security Administration to Disclosure Your SSN Verification (SSA89ES.MSC) to have the esignature shifted down to be closer to the line. 

Update to the programming of the VA Loan Analysis (266393A.va) for the addition of an addendum page for longer comments.

Update to the programming of the Texas Home Equity Affidavit and Agreement (TX3185.AGR) to show as recordable with a notary type of Jurat in our internal inventory system. No update to the form its self. 

Update to remove Split Buydown Fatal Audit from DocMagic Production. 

Update to the inventory names of listed Spanish Language forms to be in English in the display list. Not a visual form update. 

Affected Forms: TX3044S.MZD, TX3044S.DOT, MORTGAGES.HUD, TX3244S.NOT, TX3044S.ESI, TX3150S.RID, TX3140S.RID, TX3185S.AGR, TXNCREHELS.MSC, TXNOPS.MSC, TXNCECS.MSC, W9SP.MSC, TXCF.MSC, TXNDCAL.MSC, URLAS.MSC, URLACSS.MSC. URLALLIS.MSC, URLAUAS.MSC, WYSKS.MSC, YHLTS.MSC