Curtailment is any payment that reduces the principal balance of a loan — for example, a “tolerance cure by principal reduction” is one type of curtailment.

On December 23, 2025, the OCC issued two notices of proposed rulemaking regarding the authority of national banks and federal savings associations with regard to escrow accounts in connection with real estate lending transactions.  The OCC proposes to amend the real estate lending and appraisals regulations applicable to national banks and federal savings associations to

Ohio interest law restricts the amount and period in which prepayment penalties for residential mortgage loans may be charged and prohibits prepayment or refinancing penalties on first-lien residential mortgage loans made or arranged by a mortgage broker, loan officer, or non-bank mortgage lender, which total less than the statutory threshold. This threshold is adjusted each year based on the annual percentage change in the Consumer Price Index (CPI) for all urban consumers, Midwest Region.  See, Ohio Rev. Code § 1343.011(C).

On December 16, 2025, the Consumer Financial Protection Bureau, along with the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System, published an adjustment to its threshold for the appraisal requirements for higher-priced mortgage loans (“HPMLs”).  Based on this adjustment, the HPML appraisal requirements will not apply to loans with a loan amount belo

Pennsylvania Base Figure Updated for 2026

On December 13, 2025, the Pennsylvania Department of Banking and Securities published the annual adjustment to the definition of “base figure” in the Pennsylvania Loan Interest and Protection Law (LIPL). Residential mortgage loans which are less than or equal to the base figure are subject to the LIPL, including its prohibition on prepayment penalties.

DocMagic is a proud Bronze sponsor of the MISMO Winter Summit on January 12th – 15th in Amelia Island, FL. Plan to connect with Brian Pannell via email to schedule time to meet - bpannell@docmagic.com.

Updated Section 7(A) to add state-specific language. (Date of Release to Production: 12/30/25)

Effective January 5, 2026, DocMagic will remove the License Type disclosure from its state-specific forms packages for Massachusetts.  DocMagic had previously included this disclosure in its application, Regulation Z, and closing packages. 

Updated all throughout to make form compliant. (Date of Release to Production: 12/18/25)

Updated all throughout to make form compliant. (Date of Release to Production: 12/18/25)