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Kentucky Notice of Free Choice of Agent or Insurer

DocMagic provides the Kentucky Notice of Free Choice of Agent or Insurer form (Form ID KYNCAI.MSC) to comply with Kentucky Statute § 304.12-150. The statute indicates that when insurance of any kind is required in connection with a debt or loan on a property, the borrower shall be informed by the lender of his or her right of free choice in the selection of the agent and insurer through or by which such insurance is to be placed. The lender cannot interfere either directly or indirectly with the borrower’s free choice of an agent or an insurer.

At Your Service: Corporate Address Update on Fannie Mae Mortgage Assignments

In December 2018, Fannie Mae Selling Guide Announcement SEL-2018-09 provided information regarding a change of address for the Fannie Mae corporate headquarters.

Fannie Mae updated their corporate address in model mortgage assignment forms 3741, 3742, 3743, 3744, 3745, and 3746. The announcement advised that lenders could use the new address immediately but extended the mandatory effective date to April 1, 2019. Therefore, all loans with notes dated on or after April 1, 2019 must have the new Fannie Mae address on the associated assignment.

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