When new regulations are passed, it is important to know where to find information. Hud.gov is and has been a great source for many years. It is time that you might visit it.
In Residential Lending the go-to application for many years has been the Uniform Residential Loan Application (Form #1003 and 65). It has been revised and the word is extremely revised. The optional use of the new form begins on July 1, 2019 and use becomes mandatory on February 1, 2020, That is not too far off. You might want to take a look at it.
Not only has the Application been changed but a new form, Lender Information Form, has been added. Everything has been changed or moved or eliminated. So, where can you get a quick look at said form? Check out URLA Forms here.
HUD.GOV. Be the first in your neighborhood to see the forms. Enough said, except the Duane Gomer LIVE CE classes will cover this topic thoroughly. See you in class.