Through it all, Wolters Kluwer Financial Services keeps you informed of compliance changes.
Our Content Product Updates site is a repository of current and past mandatory compliance notifications that impact our products in the commercial, consumer, deposit & IRA, indirect and mortgage lines of business.
Want email alerts? Download the instructions on the right and sign-up for content updates emails via our Solution Notification Service. Manage your email subscriptions and notifications for one or all lines of business based on your individual role or needs within your organization. Email updates are sent weekly if & when new compliance notifications are added to the website.
Wolters Kluwer is working to revise our IRA and HSA documents due to the following non-mandatory changes:
These changes will be available in the 2017.1 release and are expected on our download site as soon as the changes have been completed.
Please Note: Reynolds and Reynolds has purchased the Wolters Kluwer Financial Services indirect lending solutions including its Bankers Systems® Indirect Lending documents. The WOLTERS KLUWER FINANCIAL SERVICES and BANKERS SYSTEMS marks are owned by Wolters Kluwer Financial Services, Inc. and are used with permission by license.
As of January 1st, 2017 Wolters Kluwer will no longer be maintaining indirect lending communications on this site.
Wolters Kluwer Financial Services has updated the deposit Terms and Conditions due to impacts from the Military Lending Act (MLA), recent case laws, and customer requested enhancements. The updated revision was a part of the 2016.2 E-Form Module release.
Please contact your sales representative, or call 1-800-552-9410, to purchase change notices to communicate the terms and condition changes to your existing account holders.
The environmental regulations that govern Farm Service Agency (FSA) guaranteed loan programs have recently had been revised. The FSA requires lenders participating in various USDA loan programs to include specific default language in various loan documents. The FSA requires that lenders use such default language in the most recent version of the FSA-2232 Form along with the new citation to 7 C.F.R 12. The implementing regulations contained in 7 C.F.R. Part 1940, Subpart G, Exhibit M have been removed effective August 3, 2016. Lenders are required to include all security and debt instruments specific default language that prohibits using loan funds that would contribute to erosion of highly erodible land, or conversion of a wetland.
Due to the urgency of the change, Wolters Kluwer is creating 3 temporary USDA Commercial Riders in order to comply with the revised USDA/FSA default language. The riders will be available in the 2016.3 E-Forms release. Scoped for our 2017.1 E-Forms Release are the 350 forms that need to be updated to comply with the new default language, and the temporary riders will be discontinued once those forms are updated.
Impacted form series scoped for 2017.1 E-Forms Release: USDA-A-R (Agreement); USDA-N-R (Promissory Note); USDA-SI-R (Security Instrument)