Important Compliance Information. How to obtain and use the new documents (if fillable PDF s are mentioned above)

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1 This is being sent to inform you that one or more of the documents currently contained in your Wolters Kluwer Financial Services Bankers Systems software system or electronic documents module is being revised. The following information summarizes the changes and provides instructions on how to obtain and use the revised document(s). While not all users are affected by the changes, we ask that you read the following information carefully to determine if your documents require updates. Important Information Multistate CFPB Delays Reg Z Mortgage Rule Effective Date The Consumer Financial Protection Bureau has published a final rule delaying the June 1, 2013, effective date of a prohibition on creditors financing credit insurance premiums in connection with certain consumer credit transactions secured by a dwelling. The prohibition was adopted in the Loan Originator Compensation Requirements under the Truth in Lending Act (Regulation Z) Final Rule, issued on January 20, The Bureau is delaying the effective date until January 10, 2014, to permit the Bureau to clarify, before the provision takes effect, its applicability to transactions other than those in which a lump-sum premium is added to the loan amount at closing. The new effective date will be January 10, 2014, but the Bureau will solicit comment on the appropriate effective date at the same time that it seeks comment on clarifications. (The Bureau is not contemplating extending the effective date beyond January 10, 2014.) In the meantime, One has a warning in the program that will inform customers when they are doing a transaction that might meet this How to obtain and use the new documents (if fillable PDF s are mentioned above) Until you receive your next software or electronic documents update, any of the documents mentioned can be downloaded from Because they are intended as interim solutions, they cannot be integrated into your software system or electronic documents module. All downloaded documents are fillable PDF files, which allow you to complete the document on screen before printing. To access the document from the web site: Select Log in from the upper right corner. Review the Terms of Use agreement. Enter your User Name and Password and click Log In. At the bottom of the Terms of Use screen, select the link If you do not yet have a User Name for the secured for the document(s) you wish to download. sections of the web site, you may register online by When prompted, select Save to save the file to your clicking Register. You must have your current computer. customer number to register. If you receive a Security Warning screen, click Select Downloads. More Info for information on this warning or click Select your Product. YES to continue. Locate and select the Terms of Use link for the desired Save the file to your Desktop. document. After the download is complete, navigate to your Desktop and double-click to run the EXE. Select Yes to continue or No to close the utility. Enter the password that is specified on the Terms of Use screen and click OK. The file(s) are extracted to your computer. If you need assistance with the download, or have additional questions, please contact a SupportLine technician at, Extension Page 1 of Wolters Kluwer Financial Services

2 criteria. They can proceed through the warning and continue with their transaction up until the rule becomes effective. Coast Guard Application (CG-1258) The U.S. Coast Guard has updated their Application for Initial, Exchange, or Replacement of Certificate of Documentation; Redocumentation with a revision date of 04/12. We will be updating the CG-1258 to adopt the most recent version of that form used by the U.S. Coast Guard. The entire form is changing and is now a four page document. We plan to make the document available on our website as an interim HUD Builder's Certification (VMP542) HUD posted the Builder's Certification of Plans, Specifications and Site HUD on HUDCLIPS in February 2013 with a 10/2012 revision date. We will be updating our version of the document to follow HUD's 10/2012 version more closely. Changes have been made throughout the document including new "Yes" and "No" checkboxes in section 11. Previous editions of this form are obsolete. We plan to make the document available on our website as an interim solution at support.wolterskluwerfs.com on or before September 1, W-7 Instructions (W7-INST) (W7-INST-SP) The Instructions for the W-7 have been updated. We will be updating our version of the Instructions. State Specific California Consumer Caution and Home Ownership Counseling Notice (CA) Changes are being made to the Consumer Caution and Home Ownership Counseling Notice for California so that the California Financial Code Section 4970 correctly reflects Division 1.7. If you are completing a transaction where this document is selected, you will need to use the Modify Docs feature to correct the Division from 1.6 to 1.7. This change will be in the next release of the product. Page 2 of 10

3 Georgia Release of Deed (GA) (VMP4041GA) Changes are being made to the Release of Deed (GA) to include a reference to code Section O.C.G.A. Although the statute does not explicitly state the language is required, we are inserting the reference, "as provided in Code Section O.C.G.A. for other mortgage cancellations." to assure acceptance for all Georgia recording offices. Iowa Mortgage FNMA/FHLMC Mortgage Leasehold Mortgage Per Iowa Code, B(1e), all signatures must be in black or dark blue ink and corresponding names shall be typed, printed or stamped beneath the original signature line. Therefore, we are in the process of updating the Mortgage FNMA/FHLMC, Mortgage, and Leasehold Mortgage for Iowa to include the name of the owner below the signature line along with a date with each signature for the Homestead Waiver Exemption. This change will be in the next release of the product. Maryland Release of Deed (MD) (VMP4041MD) The Release of Deed for Maryland is being updated to contain new verbiage to add the Trustee name to the document. Md. REAL PROPERTY Code Ann (e) states all parties to a deed of trust must be listed in a release. Therefore, we are adding a space and field for "Trustee" on the form. We plan to make the document available on our website as an interim solution at support.wolterskluwerfs.com on or before September 1, Montana Effective Financing Statement (EFS-1-LAZ-MT) Effective Financing Statement Addendum (EFS-1-ADD-MT) Effective Financing Statement Instructions (EFS-1-INS-MT) The Montana Secretary of State has revised their Effective Financing Statement form along with its instructions with a revision date of 09/20/2012, as well as their Effective Financing Statement Addendum form with a revision date of 08/02/2012. We will be updating our version of the documents to match the Montana Secretary of State s changes. The Prepaid Account # has been removed from the Effective Financing Statement. Also, two rows have been added to the Farm Products table on the Effective Financing Statement. Three rows have been added to the Page 3 of 10

4 Farm Products table of the Effective Financing Statement Addendum. Other minor changes have been made to the document. Pennsylvania 7 P.S. 322 (Simplification and Availability of Bank Credit Act) Repealed This loan act has been repealed effective December 24, 2012, and should no longer be used for any transactions. In a future release, the Pennsylvania loan act, Simplification and Availability of Bank Credit Act, will be removed from the Program. In the meantime, this loan act should no longer be used. Title Applications for Various States Florida Title Application Motor Vehicle (MV-1-FL) The Florida Department of Highway Safety and Motor Vehicles has updated their Application for Certificate of Title with/without Registration form HSMV with a revision date of 12/12. We will be updating our MV-1- FL to match the state's changes. In the first section, Owner/Applicant Information, they have added a checkbox for "Check this box if you are requesting the certificate of title to be printed." This is replacing the yes and no checkbox for "Do you want the certificate of title to remain electronic?" A checkbox has been added in section one to the beginning of "Owner's County of Residence." In the BRANDS, USAGE AND TYPE section 3 they have added checkboxes for "BONDED TITLE, " "AUTONOMOUS," "CUSTOM" and "STREET ROD." Other minor changes have been made to the document to match the state's changes. Georgia Title Application Motor Vehicle (GA) (MV-1-GA) The state of Georgia has updated their DOR-Motor Vehicle Title/Tag Application with a revision date of We will be updating our form MV-1-GA to match the states changes. They have replaced information at the top of the document and replaced it with "Fair Market Value, Rebates, Trade in Value, Taxable Value and Taxable Value x Rate". Other minor changes have been made to match the states document. ication_form_mv1.pdf. Page 4 of 10

5 Illinois Title Application Boat Instructions (IL) (BTA-1-IL) Title Application Boat Instructions (IL) (BTA-1-INS-IL) The Illinois Department of Natural Resources has updated their Watercraft Registration/Title Application and Title Application Instructions (IL ) with a revision date of 6/06. We will be updating our BTA-1-IL and BTA-1-INS-IL to match the states changes. Their fees have also been increased. Other minor changes have been made to match the states form. The Instructions are available at istrationtitle.pdf. We plan to make the document available on our website as an interim solution at support.wolterskluwerfs.com on or before October 1, Iowa Title Application Motor Vehicle (IA) (MV-1-IA) The Iowa Department of Transportation has updated their Application for Certificate of Title and/or Registration form with a revision date of We will be updating our MV-1-IA to match the states changes. In the Security Interest Information section they are adding "ELT Identifier." Other minor changes have been made to match the states form. Application for Notation of Security Interest (IA) (MV-2-IA) The Iowa Department of Transportation has updated their Application for Notation of Security Interest form wd with a revision date of We are updating our MV-2-IA to match the states changes. In the first line of the form "FEIN/SSN*" has been changed to "ELT IDENTIFIER/FEIN/SSN*." Other minor changes have been made to match the states changes. Maryland Title Application Motor Vehicle (MD) (MV-1-MD) The Motor Vehicle Administration of Maryland has updated their Application for Certificate of Title (VR-005) with a revision date of We will be updating our form MV-1-MD to match the states changes. They have added two fields " Address" for Applicant and Co-Applicant and have also added a field for "COLL. FEE.6% OF GROSS OR $12 MAX. FEE ALLOW." Other minor changes have been made to the states document pdf. Page 5 of 10

6 Minnesota Application for Duplicate Title (MN) (MV-2-MN) The Minnesota Department of Public Safety Driver and Vehicle Services has updated their Application for Duplicate Title, Registration, Cab or Lien Card (PS2067A-17) with a revision date of 05/13. We will be updating our form MV-2-MN to match the states changes. They have eliminated the cents column in "FEES DUE" section. Other minor changes have been made to match the states form. pdf. Title Application Motor Vehicle Instructions (MN) (MV-1-INS-MN) The Minnesota Department of Public Safety has updated their Application to Title/Reg. A Vehicle Instructions (PS ) with a revision date of 03/13. We will be updating our form MV-1-INS-MN to match the states changes. Additional information was added to the "MUST BE SIGNED BY ALL PURCHASERS (OWNERS)" section. Other minor changes have been made to match the state form. The Instructions are available at Missouri Title Application - Boat (MO) (BTA-1-MO) The Missouri Department of Revenue has updated their Application for Missouri Boat/Vessel or Outboard Motor Title and Registration form (DOR- 93) with a revision date of We will be updating the BTA-1-MO to match the states changes. In the "UNIT" section they have added fields for the first four letters of previous owner's last name. Fillable pdf is available at Montana Security Interest Processing (MT) (MV-2-MT) Security Interest Processing Assign/Transfer/Force (MT) (MV-2A-MT) In an effort to streamline motor vehicle title and registration processes, the Title and Registration Bureau has revised their current Security Interest Processing form MV81B. We will be revising our MV-2-MT to match the state's changes. The current state form has been separated into two forms as follows: Form MV81A will be created as WKFS form MV-2A-MT and is used to assign the secured party or lienholder's interest for a currently perfected or filed security interest in a motor vehicle to another secured party or lienholder pursuant to Montana Code Annotated Page 6 of 10

7 State form MV81B is used by a lender to force issuance of a title when the transferee did not apply for title within 40 days of acquiring the vehicle pursuant to Montana Code Annotated (5). This form which will be used by the lender to perfect new security interests on motor vehicle records. Fillable pdfs are available at New York Title Application - Boat (NY) (BTA-1-NY) The New York State Department of Motor Vehicle has updated their Boat Registration/Title Application (MV-82B) with a revision date of 4/13. We will be updating our form BTA-1-NY to match the states changes. They have changed formatting throughout the document. North Dakota Title Application Motor Vehicle (ND) (MV-1-ND) The North Dakota Department of Transportation, Motor Vehicles Division has updated their Application for Certificate of Title and Registration of a Vehicle form SFN 2872 with a revision date of We will be updating our form MV-1-ND to match the states changes. At the top of the document they have added "Motor Vehicle Division North Dakota Department of Transportation." Other minor changes have been made to match the states changes. Rhode Island Title Application Motor Vehicle (RI) (MV-1-RI) The Division of Motor Vehicles Research/Title Office for Rhode Island has updated their Application for Title (TR-2/TR-9) with a revision date of 02/13. We will be updating our form MV-1-RI to match the states changes. They have added their address, telephone number and website to the top of the first page. They have also added a third page "Rhode Island DMV - Document Checklist." Other minor changes have been made to match the states changes. South Dakota Title Application Motor Vehicle (SD) (MV-1-SD) The State of South Dakota has updated their Application for Motor Vehicle Title and Registration (MV-608 & MV-610) with a revision date of 05/12 for the MV-608 and 07/10 for the MV-610. We will be making changes to our form MV-1-SD to match the states changes. In section VI they have deleted Page 7 of 10

8 the checkboxes for "Mail to Lienholder" and "Mail to Owner." They have also deleted section XI "Additional Liens". Other minor changes have been made to match the state form. SDApplicationForMotorVehicleTitle&Registration.pdf. Tennessee Title Application Motor Vehicle (TN) (MV-1-TN) The Tennessee Department of Revenue Vehicle Services Division has updated their Multi-Purpose Application (RV-F ) with a revision date of 5/12. We will be updating our MV-1-TN to match the state's changes. They have added two new fields in the Vehicle Information section for Title Brand and Type of Fuel. In the Lien Information section they have deleted the Lien Code fields. The instructions page has been completely revised to match the states instructions page. Other minor changes have been made to the form to match the states changes. Noting of Lien (TN) (MV-2-TN) The Tennessee Department of Revenue Vehicle Services Division has updated their Noting of Lien with a new state number RV-F We will be updating our MV-2-TN to match the state's changes. In the Vehicle Information section they have deleted several fields replacing them with Office Use Only. They have deleted sections Vehicle Cost/Tax Information and Office Use Only at the bottom of the form. Other minor changes have been made to match the states changes. Texas Title Application Mobile Home (TX) (MH-A-LZ-TX) The Texas Department of Housing and Community Affairs has updated their Application for Statement of Ownership and Location (MHD 1023) with a revision date of April 5, We will be updating our form MH-A-LZ-TX to match the states changes. In Block 9 "Special Mailing Instructions" section they have added a field for . Other minor changes have been made to match the states form. applsol.pdf. Page 8 of 10

9 Utah Title Application Motor Vehicle (UT) (MV-1-UT) The Utah Division of Motor Vehicles has updated their Vehicle Application For Utah Title form TC-656 with a revision date of 12/12. We will be updating our MV-1-UT to match the states changes. At the top of the form a checkbox has been added for New. In sections 1 and 2 they have added fields for Primary Owner and Lessee's information. In section 5 they have added new fields for FEIN or driver license and branch number. A new section 7 has been added to the bottom of the form for "Purchases and Dealer Information." They have deleted all references to vessel or watercraft. Other minor changes have been made throughout the document. Vermont Title Application Motor Vehicle (MV-1-VT) The Vermont Agency of Transportation Department of Motor Vehicles has revised their Tax and Title Application form TA-VT-28 with a revision date of 6/12. We will be updating our MV-1-VT. In the first section a new checkbox has been added for "ATV [2]." The entire page 3 "Odometer Disclosure Statement" has been changed. Other minor changes have been made throughout the document. Tax_Title_Application.pdf. Title Notice (MV-1A-VT) The State of Vermont Department of Motor Vehicles has updated their Application for Title Changes Including Filing Notice of Security Interest. We will be updating our MV-1A-VT to match the state s changes. Fields have been added to "Owner's Date of Birth", "Co-Owner's Date of Birth", "Owner's Social Security No.", "Co-Owner's Social Security No.", and "VT License/ID#". All of the fees have changed. Other minor changes have also been made throughout the document. Title_Change_App.pdf Wisconsin Title Application Motor Vehicle Instructions (WI) (MV-1-INS-WI) The Wisconsin Department of Transportation has updated their Title and License Plate Application Instructions (MV1) with a revision date of 5/2013. We will be making changes to our form MV-1-INS-WI to match the states changes. They have made minor changes to "How to Complete This Page 9 of 10

10 Application" section at the top of page 1. The state did not make changes to our form MV-1-WI Title and License Plate Application. The Instructions are available at Title Application Boat Instructions (WI) (BTA-1-INS-WI) The State of Wisconsin Department of Natural Resources has updated their Boat Registration and Titling Application Instructions, form , with a revision date of We will be updating our form BTA-1-INS-WI to match the states changes. They have changed their telephone number to Other minor changes have been made to match the states changes. The Instructions are available at Page 10 of 10