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Re: Thanks for the clarification. I don
Posted by  JanetK_CA of CA on 1/18/17 6:53pm Msg #568461
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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Messages in this Thread
 Notary errors - Buddy Young on 1/18/17 1:12am
 Thanks for the clarification. I don't have the borrowers -  MW/VA on 1/18/17 8:20am
 Re: Thanks for the clarification. I don - CopperheadVA on 1/18/17 9:25am
 agree, I don't have them sign their copies either... n/m -  C. Rivera Chicago Notary Services on 1/18/17 9:38am
 Failure to administer the oath was the biggest omission -  Cheryl Elliott on 1/18/17 9:38am
 I agree - huge mistake. But is it enforcable? Does a - CopperheadVA on 1/18/17 9:46am
 Exactly! There are only a handful of VA notaries that -  MW/VA on 1/18/17 12:57pm
 Re: Thanks for the clarification. I don -  JanetK_CA on 1/18/17 6:53pm
 how awesome was that! n/m -  C. Rivera Chicago Notary Services on 1/18/17 9:08am
 Re: Notary errors -  LisaG/CA on 1/18/17 4:11pm
 Re: Notary errors - ladyinred29 on 1/20/17 8:15am



 
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