Posted by Anonymous on 6/23/06 2:37pm
Msg #127821

Date clarification

I've always been told to change date on docs to reflect actual date of signing and have borrower(s) initial each change. Signing agency just informed me to NOT change dates unless instructed to do so by lender or contracting signing agency. Which is correct?

Reply by Roger_OH on 6/23/06 2:49pm
Msg #127825

Some docs are NOT date sensitive, and all you have to be concerned with is that the RTC dates are correct and the date of your notarizations reflect the date of signing. You do not have to change all the other docs.

Reply by Anonymous on 6/23/06 2:52pm
Msg #127827

Thanks! That would certainly save time.

Reply by PAW on 6/23/06 8:34pm
Msg #127866

Re: Date clarification - RTC

This actually ties in with another thread as well.

Did a World Savings signing tonight and in the instructions, in bold lettering on bright yellow paper is the following note:

**** ATTENTION NOTARY ****

PLEASE DO NOT ALTER
THE RIGHT TO CANCEL.
PLEASE REFER TO
OPTION #3 ON THE
RIGHT TO CANCEL. IT
STATES THE RESCISSION
STARTS THE DATE THEY
RECEIVE THE RIGHT TO
CANCEL.

THANK- YOU


So, technically, you do not need to be overly concerned with the dates on the RTC, as the US Code (Title 12) is very specific on when the rescission period starts, regardless of what dates are shown on the piece of paper.

Reply by Bob_Chicago on 6/23/06 11:43pm
Msg #127898

Concur with Paul, but further, I have seen RTC forms........

where the date of signing (next to where bwr signs) has
been pre-printed.
In that case, if the pre-printed date was prior to the actual date of signing,
then I believe that , it would be advisable for the bwr to change
to the date of signing and initial.
In that case, I think that the bwr's RTC copies should be conformed
to the date of signing.
The above assumes, of course, that the dox are not date sensitive.
IMO, the RTC forms that the bwr singns , are effectivly a receipt
for the two copies that he is to receive. Same goes for the TIL

Reply by PAW on 6/24/06 2:53pm
Msg #127980

Re: Concur with Paul, but further, I have seen RTC forms....

I certainly agree that the signers of the RTC should change the date next to their signature if it is not the actual date being signed. However, I never directly instruct them to do so. I always state that the RTC expires three business days from the noted date of signing. If they ask about changing the date, I tell them that I cannot decide for them, that they need to determine in their own minds, what the implications, if any, are if the date is incorrect, by explaining what the Notice is for and what it means (pointing out the paragraphs on the RTC).