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Product Update Notification - 08/24/09 Revised Appraisal Policy Template The update to this product is in response to numerous clients who requested that we incorporate the Home Valuation Code of Conduct (HVCC) rule. In addition, we greatly expanded regulatory guidance throughout the product on most subjects, including new guidance for other evaluation methods, such as an automated valuation model (AVM). Revised Flood Disaster Protection Act Policy Template Flood Disaster Protection Act Policy Template The update to this product is in response to the FDIC FIL-42-2009 entitled "Interagency Questions and Answers Regarding Flood Insurance." This guidance provides information to help financial institutions meet their compliance responsibilities under the federal flood insurance laws and regulations, and to increase public understanding of flood insurance requirements. New questions and answers, in addition to substantive and technical revisions to the existing guidance which addresses construction loans, residential condominium loans, loan syndications and participations, private insurance policies, and mandatory civil money penalties. http://www.fdic.gov/news/news/financial/2009/fil09042.html Revised Regulation X (RESPA) Policy Template Regulation X (RESPA) Policy Template Formerly entitled "Real Estate Settlement Procedures Act Policy Template", this product was completely revised in response to HUD's News Release entitled "HUD Issues New Mortgage Rules to Help Consumers Shop for Lower Cost Home Loans." This release announces final changes to the regulatory requirements of Regulation X - the Real Estate Settlement Procedures Act (RESPA). http://www.hud.gov/news/release.cfm?content=pr08-175.cfm What's New, Revised and Deleted Please visit the following pages of our website to review detailed subject matter regarding new and revised topics for these products: Appraisal Policy Template Update Details Flood Disaster Protection Act Policy Template Update Details Regulation X (RESPA) Policy Template Update Details Ordering Information These products are available to purchase from Bankpolicies.com for: Appraisal Policy Template $275.00 - List Price - or - $100.00* - Update Price *Applies only to clients who have purchased the Appraisal Policy Template within the last three years. Flood Disaster Protection Act Policy Template $275.00 - List Price - or - $100.00* - Update Price *Applies only to clients who have purchased the Flood Disaster Protection Act Policy Template within the last three years including the following updates (if applicable): Flood Disaster Protection Act Policy Template Update - 03/25/08- $25.00 Flood Disaster Protection Act Policy Template Update - 07/10/07- $50.00 Regulation X (RESPA) Policy Template $325.00 - List Price - or - $150.00* - Update Price *Applies only to clients who have purchased the Regulation X (RESPA) Policy Template within the last three years. If you have ordered any of these products after 07/03/09 you are eligible to receive that updated product at no charge. Click here to place an order for any of these products. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price of each product (whichever applies). NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com. Find Out What's New or Revised with our Product Update Program Our Product Update Program allows existing clients to receive e-mail notifications from us the same day we issue a new or revised product. We encourage you to subscribe today for this free and convenient service. |