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E-2-06, Correcting Errors in eNotes (12/13/2023)

Introduction
This exhibit contains the following information

Permitted Clerical Errors in eNotes

Clerical Error Description
Execution city
  • Must be present on eNote
  • Misspelling can be corrected via a correction agreement
Execution state
  • Must be present on eNote
  • Misspelling can be corrected via a correction agreement
  • Incorrect state cannot be corrected via a correction agreement
Property address
  • Misspelling of the street name can be corrected via a correction agreement
  • Incomplete or incorrect property number address requires a new Note be executed
Lender name
Borrower printed name below signature line
  • Must be present
  • Misspelling, including the addition of a middle initial or suffix, can be corrected via a correction agreement, including a name affidavit.
  • Missing or incorrect name requires a new Note be executed

 

Errors Requiring a New Note

If errors are identified in the following fields, an eNote correction agreement cannot be used to amend the eNote and a new note will need to be produced and executed with the correction(s):

  • MERS MIN
  • Note Date
  • Original Loan Amount
  • Note Rate
  • Maturity Date
  • Payment Amount (P&I)
  • Mortgage Margin
  • 1st Rate Chg Cap Up
  • 1st Rate Chg Cap Dwn
  • Lifetime Cap Up
  • Lifetime Cap Dwn
  • Registry Operator Tag
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