Posted by PAW on 6/11/07 2:21pm
Msg #194538

For jba/fl

Re: Please "Show Me"
Posted by jba/fl of FL on 6/8/07 11:25am Msg #194215

Any update on this?

Re: >>> ... I did receive law on this from ??? that stated that 'each borrower' must have two copies of the RTC, signed and dated ... <<<

Reply by Stamper_WI on 6/11/07 6:06pm
Msg #194573

PAW

See 4a at this link

http://www.fair-debt-collection.com/credit-laws/truth-in-lending-act.html#1a

Reply by Linda_H/FL on 6/11/07 6:22pm
Msg #194576

Re: I think you mean 3a...

4a is the waiver provision.

However, 3a does state "Creditors are required to deliver two copies of the right to rescind to each consumer entitled to rescind" - nothing about the notice being signed and dated. At least not in this version -don't know if there are any amendments or revisions to it.

Reply by Stamper_WI on 6/11/07 6:34pm
Msg #194580

Thanks

It takes me awhile to copy and paste. Was sure it was 4a

Reply by PAW on 6/11/07 9:33pm
Msg #194618

Doesn't answer the question ...

There's no question that the consumer is to be "provided" two copies of the notice. That is is clearly stated in Reg Z. However, the question is what "law" states that the notice must be "signed and dated" by the consumer?

Reply by jba/fl on 6/12/07 7:51am
Msg #194654

Paw, and others...Newbie note too..

Been out of it not feeling well, but having read current discussion, link, etc., I will concur, amend if you will, that this link to 3a is definitive.
I will not change my practice of having bor. copy completed though. And, even if I did, I DO NOT think that I am the one responsible for making sure that the bor. get 2 copies each. That is TC, Lender's job. I am only the messenger, and we DON'T shoot the messenger these days.

As for 'law', is this part of 'the law of the land' w/land in this case notary- land? I mis-spoke, my noodles didn't even make it to the pot to become wet, I am chastised.

PS: to newbies who think that we are a bunch of picky, picky picky people, ganging up on you and so on,
I feel this is one example of how to deal with flack you may receive: pick yourself up,. dust off, stand corrected and go on to the next message. We all make mistakes, get over it. I am.
jba