May 2026

Virginia and California Deeds of Trust revisions
The Virgina Deed of Trust (Form 3047 07/2021) and the California Deed of Trust (Form 3005 07/2021) were revised to include a new paragraph reflecting changes in state laws addressing divorce-related loan assumptions, in response to Virginia House Bill 304 and California Assembly Bill 3100.  Also, the California Short Form (Form 3005-SF) was revised to reference the new Paragraph 30.  Loan originators may begin using the revised Virginia security instrument for loans with note dates on or after July 1, 2026, and the revised California security instruments for loans with note dates on or after January 1, 2027.
The revised California Deed of Trust tagline will show a version date of (Form 3005 07/2021 (rev. 05/26)).  The California Short-Form will have a revised tagline of (Form 3005-SF 07/2021 (rev. 05/26)).

The revised Virginia Deed of Trust tagline will show a version date of (Form 3047 07/2021 (rev. 05/26)).  

February 2026

New Construction to Permanent Modification Agreements
We have introduced two new Multistate Construction to Permanent Modification Agreements, Forms 5166 and 5167.