June 15, 2020

Document Updates and Changes

As a result of an ongoing review of our documents to ensure compliance with state and federal requirements, we have made the following changes:

  • The SOFR instruments (notes and riders) have been added to our library. For those planning on using the new SOFR ARM product, please reach out to Docu Prep support for more information.
    • The CFPB has also put out a proposed rule to make changes to the Truth In Lending Act and its implementing regulation, Regulation Z, to remove references to LIBOR.
  • On June 4, 2020 the CFPB has issued a new CHARM booklet. The booklet (provided as part of your eSign transaction and in the fulfillment package) has been updated to the new version.