Posted by Regal/NC on 1/12/10 3:09pm
Msg #317762

3 copies of documents!!!

Now a company requests copies for BOTH borrower's and one copy signed and returned. But not additional fee. I don't think so.

Reply by Lee/AR on 1/12/10 3:22pm
Msg #317763

How strange. Did they give any rationale for this stipulation? Seems to me that the B's 2nd copy would go directly from the table to their trash....and they probably wouldn't shred it first.

Reply by Regal/NC on 1/12/10 3:27pm
Msg #317764

No rationale given, I never inquired why. I just quietly failed to comply.

Reply by mwm143 on 1/12/10 3:41pm
Msg #317765

Each signing party gets a copy.

It's a broad intrepetation of RESPA and that all signing parties receive the required disclosures, which seems to be about half the package these days. When I've received these requests I call the borrower and ask if they want two sets. They have always said no.

Reply by DebbieT on 1/13/10 7:37am
Msg #317811

Re: I've had this request also

I did get an extra fee on top of the original for this service. The loan docs also had a form for the borrowers to sign stating that they did in fact receive two copies of the loan package to keep with them.

Reply by HrdwrkrVA on 1/14/10 8:31am
Msg #317940

I got one w/ a set for title & escrow - 151 pgs! Add a 4th

set - 1 per BO? That IS ridiculous!