This may be a dumb question...but I am use to seeing a mortgage rider that outlines the provisions of an ARM note and is recorded with the mortgage. We recently aquired new documentation software and the only time I get an ARM rider is on Fannie or Freddie mortgages.

We have in-house ARMs for which we use the system generated note and mortgage (unrelated to Fannie or Freddie programs). The in-house ARM templates does not generate an ARM rider. Is this a problem? I'm located in Kentucky.