CMHC today released Advice 11 which outlines changes to the NHA MBS Circular – form 2834.
TAO Solutions is currently analyzing the changes involved to determine the timelines for releasing an updated version of the 2834 to our clients. We expect to announce a release date in the coming days.
While we are making every effort to complete development and have the new forms to our clients by the end of the month, our clients should be prepared with a contingency plan should they not be able to implement, test, and promote into production these changes by the November 1, 2020 deadline.
We will advise our clients immediately once the installation package is available. Please contact your designated TAO account manager if you have any additional questions.