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Fannie Mae Revises Georgia Security Instrument

Fannie Mae revised the Georgia Security Deed Form (Form 3011). The revision to the Georgia Security Deed removes the “Waiver of Borrower’s Rights and Closing Attorney’s Affidavit” Rider (the “Georgia Rider”) checkbox in the Definition of “Riders”. Lenders may attach a specialty rider that complies with applicable law to the Security Deed by checking the box titled “Other(s) [specify]” in the Definition of “Riders” and identifying the specialty rider. The revision only applies to the recently modified forms (with a footer date of 07/2021 or later). The changes are effective January 1, 2023 (however, lenders may implement the changes immediately).

Click to view the Fannie Mae Selling and Servicing News-2022 Legal Documents News and Updates Archives: https://www.tenaco.com/wp-content/uploads/2022/02/Fannie-Mae-Selling-and-Servicing-News-2022-Legal-Documents-News-and-Updates-Archives-02-09-22.pdf

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