Posted by LC/AZ on 11/9/07 10:01am
Msg #220401

RTC-Signing tomorrow (Saturday)

Doing a CountryWide tomorrow, which is Saturday. Checked with FASS Lender Team and although, recission calendars say the 14th would be the last day to recind, I was told it would be the 15th. She checked and say CountryWide is counting Monday as the Holiday. And no, this is not a $50 signing. I'm getting $100 (no e-docs).

Reply by Philip Johnson on 11/9/07 10:02am
Msg #220402

I called 2 countrywide offices and got 2 different answers

I followed each of their directives and made note who i talked to.

Reply by LC/AZ on 11/9/07 10:42am
Msg #220412

Re: I called 2 countrywide offices and got 2 different answers

Yes, I, also, noted to whom I spoke.

Reply by GWest on 11/9/07 11:13am
Msg #220419

Have a signing today for Countrywide and one for Citibank. After checking with the title companies, they both are counting Monday as a Holiday, so the recission ends 11/14/07.

Reply by Sandra Clark on 11/9/07 11:18am
Msg #220422

I have 2 CW for today and both have the 13th. as last day to rescind.

Reply by sue_pa on 11/9/07 11:18am
Msg #220423

I can't recall ever doing a Countrywide where they don't have the dates filled in. why would you ever consider changing their paperwork?

Reply by Calnotary on 11/9/07 11:39am
Msg #220431

"I can't recall ever doing a Countrywide where they don't have the dates filled in. why would you ever consider changing their paperwork?"


I have done a few hundred signings for CW and never seen the dates filled in already.

Reply by Linda_H/FL on 11/9/07 12:03pm
Msg #220434

Every CW I've ever done has always had the dates filled in...

Reply by SueW/Tn on 11/9/07 12:21pm
Msg #220440

ditto on the preprinted dates, never any different with CW n/m

Reply by GWest on 11/9/07 12:25pm
Msg #220441

Re: ditto on the preprinted dates, never any different with CW

Same experience as CalNotary - have never received a Countrywide with dates filled in.

Reply by GWest on 11/9/07 12:40pm
Msg #220443

UPDATE on Recission Dates

Just spoke with my contact on a Countrywide loan and she just received a memo from Countrywide that Monday is now being counted as a business day and the recission for doc's signed today is 11/13 not 11/14. You may want to double check with anyone that stated 11/14 is the recission date for doc's signed today, because 1 hour ago they stated that the recission date is 11/14 for doc's signed today.

Reply by LC/AZ on 11/9/07 1:20pm
Msg #220451

Re: UPDATE on Recission Dates

Okay, FASS just called and said CountryWide called (They have been swamped with calls), and said recission is the 14th.

Reply by MikeC/NY on 11/9/07 8:05pm
Msg #220544

The bottom line is that...

Reg Z requires NO LESS than 3 days to rescind. If the lender can't figure out the rescission calendar and adds an extra day or two before funding, it's their prerogative; even though we know better, who are we to question?. The only time it becomes an issue for us is if they try to reduce the RTC, either by backdating or counting non-business days.

If they put in a date that is beyond what you know (or suspect) to be the correct RTC date, don't worry about it - just consider it a bonus for the borrower, and move on.