Jump to main content

# How is Demand Feature language included on the Note?

With the September 2016 release of ComplianceOne mortgage, the prompt to indicate a loan is “payable on demand” has moved from the Document Data page for the Note to the Calculations page. The “Payable On Demand” check box is located in the Terms of Loan section at the top of the Calculations page and, when selected, will check the Demand Feature check box on the static version of the Note. Or, if the dynamic note is being used, include the Demand Feature paragraph on the dynamic note.Note: True “Demand” is not supported in ComplianceOne mortgage SaaS. A “Demand” loan is a transaction specifically transacted to have a Single Payment, due on the date demanded by the lender.