The Office of the Indiana Attorney General Homeowner Protection Unit updated one of their model forms, the Notice To Borrower/ Prospective Borrower, which is required pursuant to Indiana Code § 24-5-23.5-8(a). The first section of the form has been modified to:
A borrower in a real estate transaction, which includes the making, refinancing, or consolidation of a mortgage loan, has the right to inspect the Closing Disclosure no later than three business days before settlement, as provided by federal law. For transactions in which a HUD-1 or HUD-1A Settlement Statement is instead required under federal law, a borrower has the right to inspect the HUD-1 or HUD-1A Settlement Statement one day prior to settlement.
Docutech has updated our version of the Notice To Borrower/ Prospective Borrower form (Cx14601) to conform to the updated model form.
This change will be effective on October 15, 2016. If you have any questions or concerns about this change, please contact client support at 1.800.497.3584.
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