Recent Updates:

Update Date: 3/10/2010
FHA Single Family Announces Tier Ranking Scores
ML 2010-09: Tier Ranking Scores – Incentive Round 38 (03/08/10)

Announces the FHA servicing lenders’ Tier Ranking Scores for Round 38. Scores were calculated using established criteria for HUD’s Tier Ranking System (TRS), based on activity during the performance period from October 1, 2008 through September 30, 2009. Tier Ranking Scores determine if a lender is eligible for additional incentives for calendar year 2010.

Link to full document »

Update Date: 3/10/2010
FHA Single Family Provides HUD REO Appraisal Information
ML 2010-08: HUD REO Appraisal Validity Period and Second Appraisals (03/09/10)

Announces the validity period for appraisals utilized to establish the listing price on HUD’s Real Estate Owned (REO) properties and conditions for which a second appraisal may be ordered for purchasers of REO properties utilizing FHA financing.

Link to full document »

Update Date: 3/8/2010
MPF Announces Enhancement to eMPF Website - PFI Loan Number Maintenance
PFI Advisory 03-08-10 (03/08/10)

MPF Program announces an enhancement to the eMPF^® website which allows you to perform PFI loan number maintenance after the loan number was initially entered during the Loan Presentment process.

Link to full document »

Update Date: 3/8/2010
Ginnie Mae Applications Migrating from e-Access to Ginnie Mae Enterprise Portal
Memo 10-03: Ginnie Mae’s Business Applications Migrating from e-Access to Ginnie Mae Enterprise Portal (03/05/10)

Ginnie Mae announces effective April 1, 2010, Issuers will no longer have access to Loan Matching or e-Notification through e-Access. Instead, Issuers must access these applications through the Ginnie Mae Enterprise Portal (GMEP).

Link to full document »

Update Date: 3/8/2010
Single Family Mortgagee Letter Synopsis from AllRegs
ML 2010-07: FHA Announces Changes to HECM Loan Documents

This synopsis is intended as a "snap-shot" of Mortgagee Letter 2010-07.

Link to full document »

Update Date: 3/5/2010
FHA Single Family Revises HECM Loan Agreement and Fannie Mae Form 1009
ML 2010-07: Revisions to Model Home Equity Conversion Mortgage (HECM) Loan Agreement (Loan Agreement) and Fannie Mae Form 1009, Residential Application for Reverse Mortgages (Fannie Mae Form 1009) (03/01/10)

Revises Model Home Equity Conversion Mortgage (HECM) Loan Agreement, Residential Application for Reverse Mortgages (Fannie Mae Form 1009) and provides policy guidance for the prohibited use of Freddie Mac Form 65/Fannie Mae Form 1003, Uniform Residential Loan Application; and reaffirms use of Form 92900-A, HUD/VA Addendum to Uniform Residential Loan Application. This guidance is effective August 1, 2010 for all HECM case numbers assigned on or after this date. However, lenders may use the revised forms immediately.

Link to full document »

Update Date: 3/4/2010
Federal Trade Commission Amends Final Rule
75 FR 9726: Free Annual File Disclosures (03/03/10)

Federal Trade Commission amends the Free Annual File Disclosures Rule to require certain advertisements for ‘‘free credit reports’’ to include prominent disclosures designed to prevent consumers from confusing these ‘‘free’’ offers with the federally mandated free annual file disclosures available through the single centralized source. In addition, the final amended Rule requires nationwide consumer reporting agencies to delay advertisements for products and services through the centralized source until after consumers receive their free annual file disclosures, and prohibit other practices that may interfere with the free annual file disclosure process. The final amended Rule also implements certain technical changes to the original Rule. The effective date is April 2, 2010, except for § 610.4(b) (1) (i) and (2), which are effective September 1, 2010.

Link to full document »

Update Date: 3/3/2010
Fannie Mae Provides Notice on HARP Extension
Notice: Extension of the Home Affordable Refinance Program (03/02/10)

On March 1, 2010, the Federal Housing Finance Agency announced the extension of the Home Affordable Refinance Program (HARP) to June 30, 2011 to support market stability and encourage greater adoption of the program.

Link to full document »

Update Date: 3/3/2010
Fannie Mae Addresses Reclassification of MBS Mortgage Loans
Ann. SVC-2010-04: Reclassified MBS Mortgage Loans (03/03/10)

Fannie Mae addresses the reclassification of Home Affordable Modification Program MBS mortgage loans, expedited reimbursements of servicer advances for reclassified MBS mortgage loans and the executing modification agreements.

Link to full document »

Update Date: 3/3/2010
Fannie Mae Updates Selling Guide
Ann. SEL-2010-02: Selling Guide Updates (03/02/10)

Updates Selling Guide to incorporate several miscellaneous clarifications or omissions from prior announcements or the 2007 version of the Selling Guide.

Link to full document »

Update Date: 3/3/2010
Fannie Mae Announces Selling Guide Changes
Ann. SEL-2010-01: Selling Guide Updates for the Loan Quality Initiative (*Corrected Lender Letter LL-2010-03) (03/02/10)

Fannie Mae announces the following changes impacting the Selling Guide as a result of the Loan Quality Initiative (LQI). Specifically:

Confirmation of each borrower’s identity prior to the extension of credit

Verification that all borrowers have a valid and accurate Social Security number or Individual Taxpayer Identification Number

Desktop Underwriter^® (DU^®) “Potential Red Flag” messages

Confirmation that all parties to the mortgage transaction meet certain qualifications

Determination that all borrowers’ debts are included in the qualification for the mortgage loan

Identification of the property unit number

Calculating LTV ratios

Manual underwriting of DU Refer with Caution/IV loan casefiles

Link to full document »

Update Date: 3/2/2010
Freddie Mac Announces Guide Bulletin 2010-6 (Relief Refinance Mortgage Extension)
Bulletin 2010-6: Relief Refinance Mortgage Extension (03/02/10)

With Single-Family Seller/Servicer Guide Bulletin 2010-6 (Relief Refinance Mortgage Extension), in accordance with the Federal Housing Finance Agency’s March 1, 2010 announcement of the extension of the Home Affordable Refinance Program to June 30, 2011, Freddie Mac is announcing the extension of the Freddie Mac Relief Refinance Mortgage^SM offering.

Link to full document »

Update Date: 3/1/2010
Fed Proposes to Amend Regulation DD
75 FR 9126: Truth in Savings (03/01/10)

Fed proposes to amend Regulation DD and the official staff commentary to clarify the application of the rule to retail sweep programs and the terminology for overdraft fee disclosures and to make amendments that conform to the Fed’s final Regulation E amendments addressing overdraft services, adopted in November 2009. Comments must be received on or before March 31, 2010.

Link to full document »

Update Date: 3/1/2010
Fed Proposes to Amend Regulation E
75 FR 9120: Electronic Fund Transfers (03/01/10)

Fed proposes to amend Regulation E and the official staff commentary to clarify certain aspects of the final rule which limits the ability of financial institutions to assess overdraft fees for paying automated teller machine (ATM) and one-time debit card transactions that overdraw a consumer’s account. Comments must be received on or before March 31, 2010.

Link to full document »

Update Date: 2/26/2010
Fannie Mae Single-Family Introduces the Loan Quality Initiative
LL-2010-03: An Introduction to Fannie Mae’s Loan Quality Initiative (02/26/10)

Fannie Mae launches the Loan Quality Initiative (LQI) to identify and implement policy, process, and technology enhancements to improve the lender's compliance with underwriting and eligibility guidelines and mitigate repurchase risk. LQI enhancements will promote improved loan delivery data that is complete, accurate, and fully reflective of the terms of the mortgage. Over the next few months, Fannie Mae will release a number of Selling and Servicing Guide announcements and release notes (Loan Delivery and Desktop Underwriter®) that will describe the specific changes that fall under the LQI.

Link to full document »

Update Date: 2/26/2010
Freddie Mac Announces Guide Bulletin 2010-5 (Selling and Servicing)
Bulletin 2010-5: Selling and Servicing (02/26/10)

With Single-Family Seller/Servicer Guide Bulletin 2010-5 (Selling and Servicing), Freddie Mac is announcing Guide changes related to the February 28th enhancement to Loan Prospector®. In support of their efforts to improve the quality and accuracy of appraisals for Mortgages they purchase, Freddie Mac is enhancing Loan Prospector to provide a point value estimate from Home Value Explorer® (HVE), Freddie Mac’s automated valuation model, for a property address.

With this Bulletin, Freddie Mac is also making changes to its selling and Servicing requirements, including:

Requiring a copy of the entire Note in the Mortgage file

Updating the Guide to explicitly state that Sellers may not delegate their endorsement of Notes via power of attorney

Reorganizing Guide requirements for living trusts and Illinois land trusts and providing additional information for eligibility provisions for living trusts

Increasing the allowable amount for title expenses in New Hampshire and Rhode Island

Link to full document »

Update Date: 2/25/2010
FHA Single Family Updates 4155.2
February, 2010

Handbook 4155.2 content has been updated with Mortgagee Letters 09-28, 09-51 and 9-53. In addition to this Handbook update, AllRegs has created an Archive section at the end of each Handbook where you can refer to changed sections of content.

Link to full document »

Update Date: 2/25/2010
FHA Single Family Updates 4155.1
February, 2010

Handbook 4155.1 content has been updated with Mortgagee Letters 09-28, 09-51 and 9-53. In addition to this Handbook update, AllRegs has created an Archive section at the end of each Handbook where you can refer to changed sections of content.

Link to full document »

Update Date: 2/24/2010
FHA Multifamily Amends Threshold Criteria for Hospital Mortgage Insurance
H 10-06: Hospital Mortgage Insurance: Section 223(f) Refinancing in Conjunction with Section 242 Financing - Amendments to Threshold Criteria (02/22/10)

Amends threshold requirements announced in Notice H-09-05, issued on July 1, 2009 for Hospital Mortgage Insurance Section 233 (f) refinancing in conjunction with Section 242 financing.

Link to full document »

Update Date: 2/23/2010
Fannie Mae Multifamily Announces Additional Updates to Credit Risk Management
DUS Guide Update 10-03: Update to Multifamily Guide, Part II, Chapter 4 (02/22/10)

Fannie Mae Multifamily announces additional updates to Part II, Chapter 4 of the Multifamily Guide to incorporate previously overlooked changes from Guide Update 10-01.

Correction related to Guide Update 10-02: Please note that Fannie Mae has corrected the title of Guide Update 10-02 to reflect that it only pertains to Manufactured Housing Community Quality Rating Standards. It does not include changes to Contractual Relationship and Base Underwriting Requirements.

Link to full document »

Update Date: 2/23/2010
The Fed Amends Regulation Z (Truth in Lending)
75 FR 7658: Truth in Lending (02/22/10)

The Fed is amending Regulation Z, which implements the Truth in Lending Act, and the staff commentary to the regulation in order to implement provisions of the Credit Card Accountability Responsibility and Disclosure Act of 2009. This final rule is effective February 22, 2010.

Link to full document »

Update Date: 2/22/2010
FHA Multifamily Extends Waiver Requests for Section 233 (f) Applications
ML 2010-06: Extension of Mortgagee Letter 2009-22 Revised Temporary Authority for Multifamily Hubs to Process Waiver Requests Pertaining to the Three-Year Rule for Section 223(f) (02/17/10)

FHA Multifamily extends the temporary authority that allows Multifamily Hubs to process waiver requests pertaining to the Three-Year Rule for Section 223 (f) applications established by Mortgagee Letter 2009-22 for a period of one year from the publication date of this Mortgagee Letter.

Link to full document »

Update Date: 2/22/2010
FHA Multifamily Extends Notice H 09-08 (Waiver Requests)
H 10-05: Extension of Housing Notice H 09-08 Temporary Authority for Multifamily Hubs to Process Waiver Requests Pertaining to the Three-Year Rule for Section 223(f) (02/17/10)

FHA Multifamily extends the temporary authority that allows Multifamily Hubs to process waiver requests pertaining to the Three-Year Rule for Section 223 (f) applications established by Notice H 09-08 for a period of one year from the publication date of this Housing Notice.

Link to full document »

Update Date: 2/22/2010
Fannie Mae Multifamily Updates Underwriting for Manufactured Housing Communities
DUS Guide Update 10-02: Update to Multifamily Guide Part IIIB, Chapter 6, Underwriting for Manufactured Housing Communities (02/19/10)

Updates the Multifamily Guide Part IIIB, Chapter 6, and Section 603.01 that addresses underwriting for Manufactured Housing Communities.

Link to full document »

Update Date: 2/22/2010
The Fed Amends Regulation AA (Unfair or Deceptive Acts or Practices)
75 FR 7925: Unfair or Deceptive Acts or Practices (02/22/10)

The Fed amends Regulation AA to remove the substantive requirements published in a final rule amending Regulation AA on January 29, 2009. The substantive requirements in the January 2009 Regulation AA Rule, which were scheduled to go into effect on July 1, 2010, have been superseded by provisions of the Credit Card Accountability Responsibility and Disclosure Act of 2009 that go into effect on February 22, 2010. The Fed is implementing these Credit Card Act provisions in a new final rule amending Regulation Z. This rule is effective July 1, 2010.

Link to full document »

Update Date: 2/22/2010
The Fed Withdraws Final Rule on Reg Z Amendments
75 FR 7925: Truth in Lending (02/22/10)

The Fed withdraws a final rule amending Regulation Z published on January 29, 2009. A new final rule will be published amending Regulation Z in order to implement the provisions of the Credit Card Accountability Responsibility and Disclosure Act of 2009 that is effective on February 22, 2010.

Link to full document »

Update Date: 2/22/2010
NCUA Amends Rule on Secondary Capital Accounts
75 FR 7339: Secondary Capital Accounts (02/19/10)

National Credit Union Administration (NCUA) amends rules on governing secondary capital accounts to permit low-income designated credit unions to redeem all or part of secondary capital accepted from the United States Government or any of its subdivisions at any time after the secondary capital has been on deposit for two years. The amendments will also allow early redemption, under the same terms and conditions, of secondary capital accepted as a match to the government-funded secondary capital. This rule is effective February 19, 2010. Comments must be received on or before March 22, 2010.

Link to full document »

Update Date: 2/22/2010
Oklahoma Emergency Rule for Truth-in-Lending Servicing Disclosure Requirement
160:45-9-7: Mortgage Transfer Disclosures

Oklahoma has passed an emergency rule requiring purchasers or assignees of mortgage loans to provide disclosures in writing within 30 days.

Link to full document »

Update Date: 2/22/2010
Oklahoma Announces the 2010 Points and Fees Dollar Limit for “Subsection 10” Loans
160:45-9-2: Requirements for Certain Closed-End Home Mortgages

Oklahoma has posted the dollar limit of $579 for “subsection 10” loans for the year 2010.

Link to full document »

Update Date: 2/18/2010
Fannie Mae Single-Family Announces New Fannie Mae-Approved Mortgage Insurers
LL-2010-02: New Fannie Mae-Approved Mortgage Insurers (02/18/10)

Fannie Mae has approved four new mortgage insurers to provide mortgage insurance for conventional first mortgage loans. The list of Fannie Mae-approved mortgage insurers and their associated mortgage insurance codes (MI Codes) has been updated and is available on eFannieMae.com.

Link to full document »

Update Date: 2/17/2010
Fannie Mae Desktop Originator/Desktop Underwriter Release Notes for DU Version 8.0
Desktop Originator/Desktop Underwriter Release Notes (Updated 02/26/10)

During the weekend of April 17, 2010 Fannie Mae will implement Desktop Underwriter^® (DU^®) Version 8.0. This release will include changes to DU Refi Plus^TM, Social Security Number (SSN) verification requirements, project classification codes and the implementation of HFA Affordable Advantage.

Link to full document »

Update Date: 2/16/2010
Freddie Mac Multifamily Updates Seller/Servicer Guide
M2010-1: Multiple Subjects (02/16/10)

Freddie Mac announces Guide Bulletins for the Multifamily Seller/Servicer Guide and the Targeted Affordable Housing Guide^SM (TAH Guide). With these Bulletins, we are:

Revising our requirements for custodial accounts

Revising our requirements for disclosure when submitting an appraisal conducted by an appraiser that is affiliated with your company

Updating the Guides to reflect current requirements for borrower and mortgage eligibility for our multifamily programs

Link to full document »

Update Date: 2/16/2010
Freddie Mac Multifamily Announces TAH Guide Bulletins
M2010-1: Multiple Subjects (02/16/10)

Freddie Mac announces Guide Bulletins for the Multifamily Seller/Servicer Guide and the Targeted Affordable Housing Guide^SM (TAH Guide). With these Bulletins, we are:

Revising our requirements for custodial accounts

Revising our requirements for disclosure when submitting an appraisal conducted by an appraiser that is affiliated with your company

Updating the Guides to reflect current requirements for borrower and mortgage eligibility for our multifamily programs

For the TAH Guide only we are adding Exhibit 11, TAH Fee Schedule, to provide information about certain TAH fees and updating Exhibit 10, TAH DCR and LTV Limits, to include cash-out refinances.

Link to full document »

Update Date: 2/11/2010
Freddie Mac Announces Guide Bulletin 2010-4 (Multiple Subjects)
Bulletin 2010-4: Multiple Subjects (02/11/10)

With Single-Family Seller/Servicer Guide Bulletin 2010-4 (Multiple Subjects), Freddie Mac is making the following changes to its selling requirements:

Amending the Guide to require Sellers to take out separate fixed-rate Cash contracts for Freddie Mac Relief Refinance Mortgages^SM that are sold through the Freddie Mac Selling System and have specified higher loan-to-value (LTV) ratios, and to select the appropriate LTV range on the Take Out a Cash Contract screen

Correcting the deadline for submission of Guide Form 996E, Warehouse Lender Release of Security Interest

Freddie Mac is also providing additional guidance to Seller/Servicers on Form 16SF, Annual Eligibility Certification Report, regarding the term “Warehouse Lender.”

Link to full document »

Update Date: 2/11/2010
New Jersey Enacts Foreclosure Fairness Act
Assembly Bill 4063: New Jersey Foreclosure Fairness Act

New Jersey amends the Mortgage Stabilization and Relief Act by adding the Mortgage Foreclosure Fairness Act. The Mortgage Foreclosure Fairness Act adds a notice to tenants which must be provided by a person who takes title as a result of a sheriff’s sale or deed in lieu of foreclosure. The Act amends the responsibilities of a foreclosing creditor regarding notice to the municipality.

Link to full document »

AllRegs - Privacy Statement

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If you have any questions about this Privacy Statement, the practices of this Site, or your dealings with this Site, you may contact us by:

sending an e-mail request to help@allregs.com; or
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Web Site Administrator
AllRegs
2975 Lone Oak Drive, Suite 140
Eagan, MN 55121

DATE OF LAST MODIFICATION
September 18, 2006

AllRegs - Web Site Terms of Use

Mortgage Resource Center, Inc. d/b/a AllRegs (“AllRegs”) operates this web site (the “Site”) to provide online access to and information about its products and services. By accessing and using the Site, you agree to each of the terms of use set forth herein (the “Terms of Use”). If you do not agree with any of the Terms of Use, you are not authorized to access or use the Site for any purpose.

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Downloading Files. AllRegs cannot and does not guarantee or warrant that files available for downloading through the Site will be free of infection by software viruses or other harmful computer code, files or programs. By using the Site, you accept the entire risk as to the quality and performance of the Site and the accuracy of the Content.

3. DISCLAIMER OF WARRANTIES

NEITHER ALLREGS, ANY PROVIDER OF THIRD PARTY CONTENT, NOR THEIR RESPECTIVE AFFILIATES, AGENTS AND LICENSORS WARRANT THAT THE SITE WILL BE UNINTERRUPTED OR ERROR FREE; OR MAKE ANY WARRANTY AS TO THE ACCURACY, COMPLETENESS OR CURRENCY OF THE CONTENT OR THE RESULTS TO BE OBTAINED FROM USE OF THE SITE OR THE CONTENT; OR MAKE ANY WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, WARRANTIES OF TITLE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS, OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO THE SITE OR THE CONTENT. YOU ACKNOWLEDGE AND AGREE THAT THE SITE AND THE CONTENT ARE DISTRIBUTED ON AN "AS IS, AS AVAILABLE" BASIS AND EXPRESSLY AGREE THAT THE ENTIRE RISK AS TO THE QUALITY AND PERFORMANCE OF THE SITE AND THE ACCURACY AND COMPLETENESS OF THE CONTENT IS ASSUMED SOLELY BY YOU.

4. LIMITATION OF LIABILITY

IN NO EVENT SHALL ALLREGS, ANY PROVIDER OF THIRD PARTY CONTENT, OR THEIR RESPECTIVE AFFILIATES, AGENTS AND LICENSORS BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES, OR LOSS OF PROFITS, REVENUE OR DATA, ARISING OUT OF OR CAUSED, IN WHOLE OR IN PART, BY ANY ERRORS OR OMISSIONS IN PROCURING, COMPILING, COLLECTING OR REPORTING THE INFORMATION IN THE SITE OR THE CONTENT, OR ARISING OUT OF THE ACCESS TO OR USE OF THE SITE OR THE CONTENT OR THE INABILITY TO ACCESS OR USE THE SITE OR THE CONTENT, WHETHER IN AN ACTION IN CONTRACT, TORT, PRODUCT LIABILITY, STRICT LIABILITY, STATUTE OR OTHERWISE, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR LOSS. ALLREGS IS SPECIFICALLY NOT LIABLE FOR ANY DAMAGES OR LOSSES IF YOU PREPARE AN APPRAISAL OR ORIGINATE, UNDERWRITE, PURCHASE, SELL, SERVICE, TRANSFER OR TAKE ANY OTHER ACTION ON A LOAN BASED ON INFORMATION IN THE SITE OR THE CONTENT, EVEN IF SUCH INFORMATION IS INCORRECT OR INCOMPLETE. SOME OF THE INFORMATION INCLUDED IN THE SITE AND THE CONTENT IS REPUBLISHED BY ALLREGS WITH THE EXPRESS WRITTEN PERMISSION OF THE AGENCIES, COMPANIES AND ORGANIZATIONS WHO HAVE AUTHORED AND OWN THIS INFORMATION. THE SITE AND ACCESS TO THE CONTENT ARE PROVIDED SOLELY BY ALLREGS. THE AGENCIES, COMPANIES AND ORGANIZATIONS DO NOT SPONSOR OR ENDORSE THE SITE OR THE CONTENT AND SPECIFICALLY DISCLAIM ANY LIABILITY OR RESPONSIBILITY FOR THE ACCURACY OR COMPLETENESS OF THE SAME. ALTHOUGH ALLREGS STRIVES TO INCLUDE THE MOST COMPREHENSIVE, CURRENT AND ACCURATE GUIDELINES IN THE SITE AND THE CONTENT, THIS SITE AND THE CONTENT IS MOST USEFUL AS A GENERAL GUIDE TO TODAY'S PRACTICES. THE INFORMATION PROVIDED BY THE AGENCIES, COMPANIES AND ORGANIZATIONS CHANGES FROM TIME TO TIME AND ANY RELIANCE ON THE INFORMATION IN THE SITE OR THE CONTENT AS AN AUTHORITATIVE EXPRESSION OF THIS INFORMATION WOULD BE INAPPROPRIATE; RATHER, RELIANCE SHOULD BE PLACED ON THE MANUALS, MEMORANDUMS AND OTHER DOCUMENTATION DISTRIBUTED DIRECTLY BY THESE AGENCIES, COMPANIES AND ORGANIZATIONS. IF YOU ARE DISSATISFIED WITH THE SITE, THE CONTENT, OR WITH THE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THE SITE.

5. IDENTIFICATION NUMBER/PASSWORD; USER CONDUCT

You agree to maintain the confidentiality of and not disclose to any third party any identification number and/or passwords assigned to you and to notify AllRegs of any unauthorized use of such number or password, as well as any other breach of security of which you become aware.

You agree not to take any action that might compromise the security or integrity of the Site, render the Site inaccessible to others or otherwise cause damage to the Site or the Content. You agree not to add to, subtract from, or otherwise modify the Content. You agree not to use the Site in any manner that might interfere with the rights of AllRegs or any third party. You guarantee to AllRegs that you have the legal right to supply, post, or store any information or material you supply, post, or store to or on the Site (the “Data”), and that neither the Data, nor the provision thereof to AllRegs via the Site will violate any law, be offensive to AllRegs or any third party, or violate the rights of any person or entity.

6. USER SUPPLIED INFORMATION

If you supply any information via the Site or post any material to the Site (whether on a forum, discussion group, or otherwise), you guarantee to us that you have the legal right to supply or post such information or material and that it will not violate any law, be offensive to AllRegs or any third party, or violate the rights of any person or entity. By supplying information or posting material, you give AllRegs the royalty-free, irrevocable, perpetual, worldwide right to use, distribute, display, modify, delete and/or create derivative works from this material, in any and all media, in any manner, in whole or in part, without any restriction or responsibilities to you.

7. INDEMNIFICATION

You understand and agree that you are personally responsible for your behavior on the Site. You agree to indemnify, defend and hold harmless AllRegs, its affiliates, licensors, employees, and agents from and against all claims, losses, expenses, damages and costs (including, but not limited to, direct, indirect, incidental, consequential, and/or exemplary damages), and reasonable attorneys’ fees, resulting from or arising out of your use, misuse, or inability to use the Site or the Content, or any violation by you of this Agreement.

8. GENERAL PROVISIONS

Enforcement/ Choice of Law/ Choice of Forum. Every provision of this Agreement will be construed, to the extent possible, so as to be valid and enforceable. If any provision of this Agreement so construed is held by a court of competent jurisdiction to be invalid, illegal or otherwise unenforceable, such provision will, to the extent so held, be deemed severed from this Agreement to the minimum extent to make the provision valid and legal, and all other provisions will remain in full force and effect. Any and all disputes relating to this Agreement, the Site, your use thereof, or the Content (collectively, “Disputes”) are governed by, and will be interpreted in accordance with, the laws of the State of Minnesota, without regard to any conflict of laws provisions. Unless you have otherwise agreed with AllRegs to subject any Dispute to arbitration pursuant to an applicable service or user license or agreement, any Dispute will be venued in a state or federal court situated in Minneapolis, Minnesota, and you hereby irrevocably submit to the personal jurisdiction of such courts for that purpose.
No Waiver. No waiver by AllRegs of any breach or default hereunder will be deemed to be a waiver of any preceding or subsequent breach or default.

AllRegs - Copyright

Some of the information provided in AllRegs is copyrighted. Please read the notices that accompany individual documents. Copying, downloading, retransmitting, or printing of these documents may be a violation of copyright laws. All names and logos herein are registered service marks or trademarks and are owned by the entities named. The use of these logos is for illustration purposes only and is not an endorsement of AllRegs.

This page and all contents are ©2010 Mortgage Resource Center, Inc.
Eagan, MN, USA.
All rights reserved.