Posted by Dwight/KY on 7/27/10 9:10am
Msg #346410

Midnight

If you have a very late signing and it goes past midnight, what date are you to use? Since docs are date sensitive, do you continue with the starting date or change to next days date?
TIA

Reply by GA/Atty on 7/27/10 9:21am
Msg #346413

I would continue with the starting date. n/m

Reply by Linda Juenger on 7/27/10 10:52am
Msg #346430

Re: I would continue with the starting date.

I did a signing in a truck stop with a trucker passing through and it was 11:30pm when we started. After going over the critical docs, I then pulled all the notarized ones and did those first. Then we did all the rest. We ran about 15 minutes after midnight but just continued with the date we started.

Reply by MichiganAl on 7/27/10 12:03pm
Msg #346439

I do the same thing as Linda.

Notarized docs before midnight, then just roll with the same date on everything else.

Reply by Marian_in_CA on 7/27/10 11:07am
Msg #346431

Like the others have said, just go with the time/date that you started the process. That's fine.

Reply by Bob_Chicago on 7/27/10 11:28am
Msg #346433

Might be a good idea to hand borrower two

copies of RTC and TIL prior to midnight , so that you can honestly say that
you complied with RESPA requirements.

Reply by paaz on 7/27/10 2:26pm
Msg #346456

Re: Some documents must be signed before midnight

According to the SOS of Arizona, all notarized documents, TIL, and NTRC must be signed before midnight or must be dated the following date. This is becuase the documents are most of the time date sensitive. To sign and date these documents after midnight with the previous day's date would be considered backdating.

All other documents can be dated whatever date the lender/title company are requesting the signer to use.

Do hope I have helped.

Reply by Bob_Chicago on 7/27/10 2:57pm
Msg #346460

Kind of "How many NSAs can dance on the head of a pin,

discussion, but curious why any state's SOS would have any interest or anything to say
about TIL and RTC, as these are not notarized dox.
If TIL and RTC are delivered prior to midnight, do not think that it would be illegal
to sign a receipt for them for that date, even if it was receit itself was execited the next day. They were received on the proper date, which is all that RESPA requires. Respa does not even require that the TIL and RTC be signed by the borrower, only that they be delivered , which starts the RTC clock running. Sosme lenders do not require that the TIL and RTC be signed , but it is, of course, a good CYA proceedure.

Reply by Art_MD on 7/27/10 4:06pm
Msg #346466

Use standard time - not daylight saving time....


That way you get an extra hour.

Art

Reply by jba/fl on 7/27/10 4:14pm
Msg #346467

Re: Use standard time - not daylight saving time....

Let's just use PST then - gives us 4 hours. LOL


JK