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Re: In response to a few RTC comments
Posted by  Doris_CO of CO on 11/23/19 12:42amMsg #612709
The best practice by law, is to leave two signed RTC for each borrower. If there are two borrowers then you will leave four signed copies of the RTC, even if they both signed on the same page. I pull the RTC copies out of the borrowers package and if necessary I make copies, so I have the correct number. Sometimes, I've made an extra copy just in case a borrower signs in the wrong place. I don't see it much anymore, but years ago the lender would type the borrowers name under the line to cancel the loan, which caused some borrowers to sign in the wrong place.
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Messages in this Thread
 Questions for all the ex Escrow / ex Title folks out there. - Mills Mobile Notary Service on 11/22/19 2:36pm
 For a second ID I always use Social Security number. n/m - Colonel/IA on 11/22/19 2:39pm
 Reg Z mandates that each party in interest be given - Linda_H/FL on 11/22/19 2:46pm
 Re: Reg Z mandates that each party in interest be given - NK_UT on 11/22/19 3:18pm
 Re: Reg Z mandates that each party in interest be given - Anne McBride on 11/22/19 4:48pm
 Two copies if by paper, one copy if by electronic delivery - Linda_H/FL on 11/22/19 7:02pm
 And this is just me....but.... - Linda_H/FL on 11/22/19 7:05pm
 Re: And this is just me....but.... - NK_UT on 11/22/19 10:06pm
 100% agree with Linda on this. -  JanetK_CA on 11/24/19 5:05pm
 Am surprised you've not seen 6 most of the time. - Lee/AR on 11/22/19 3:17pm
 the companies I work for... - Connie Thingstad on 11/22/19 3:35pm
 What forms are acceptable is up to the lender. n/m -  JanetK_CA on 11/24/19 5:11pm
 I get all the RTC's in the pkg. signed. I print a copy of -  MW/VA on 11/22/19 6:50pm
 VA and Conventional loans have different requirements - Luckydog on 11/22/19 7:04pm
 Re: In response to a few RTC comments - NK_UT on 11/22/19 10:11pm
 Re: In response to a few RTC comments -  Doris_CO on 11/23/19 12:42am
 Re: In response to a few RTC comments - Lee/AR on 11/23/19 6:10am
 As do I - same as Doris and Lee - Linda_H/FL on 11/23/19 7:44am
 Thanks for the follow-up! n/m - NK_UT on 11/23/19 9:02am
 Re: Thanks for the follow-up! - Luckydog on 11/23/19 10:54am
 Re: Questions for all the ex Escrow / ex Title folks out there. -  Ellen The Notary on 11/24/19 8:15pm



 
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