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 Re: Thanks for the clarification. I don
Posted by  JanetK_CA on 1/18/17 6:53pm

I don't believe it's legally required for borrowers to sign an RTC form at all, just that they each receive their two copies. However, after the mortgage meltdown years ago, I remember an attorney telling me that some lawyers were focusing on those extra copies of the RTC to help borrowers get out of 'bad' loans. Somehow, they were using the blank RTC forms to either fill in incorrect acknowledgment dates or claim that they never received their copies.

I don't remember the details - and I'm not clear on how they could get away with it - but it was strongly recommended to me that I never leave any blank RTC forms with a borrower. I've been following that advice as a habit ever since, just in case. But as long as he got his copies, I don't see any notary error there, either.
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