Posted by pan/nd on 2/15/13 5:57pm
Msg #456099

Initialing is getting out of hand

Just did a Chase signing.

On the Chase note...borrowers sign and date and initial in the corner...per normal.

This one had --in addition--initial slots-- one under each borrower's name.

So, they initial twice on the same page.

ENOUGH IS ENOUGH

Reply by BossLadyMD on 2/15/13 6:00pm
Msg #456101

I just apologize to the borrowers and we all laugh it off.

But I do agree, initials on signature pages is sorta silly....

Reply by pan/nd on 2/15/13 6:26pm
Msg #456102

Re: I just apologize to the borrowers and we all laugh it off.

and two sets of signatures on the same page is doubly silly

ludicrous, even

not to mention some other choice terms

Reply by pan/nd on 2/15/13 6:57pm
Msg #456106

Re: I just apologize to the borrowers and we all laugh it off.

oops....

it should be two sets of INITIALS on the same page...now it makes sense

Reply by BossLadyMD on 2/15/13 10:11pm
Msg #456125

Re: I just apologize to the borrowers and we all laugh it off.

yeah that is super silly

Reply by Malbrough_LA on 2/16/13 8:38am
Msg #456140

My favorite thus far was when a company requested that every page of the packet be initialed by the borrowers whether there was or was not a signature line on the page.

Me: "So you want the instruction pages initialed?"
The Co: "Every single page."
Me: "The shipping label?"
The Co: "Now you're just being silly."
Me: "Oh, am I or are you?"

If it had an initial line it got it. If not, nope. Some requests are just beyond either necessity or sufficiency.

Reply by Leona Greenlow-Turner on 2/16/13 11:40am
Msg #456163

I hope they don't believe the borrowers read every page just because they initialed it. Did the notary instructions say every page needs an initial?

Reply by ikando on 2/16/13 6:13pm
Msg #456214

Your statement hits the whole rationale for initials. They are to cover the presenter (LO/Title in our case) that the documents have been read and understood by the signer. In my experience, most signers haven't even seen the docs before, much less had a chance to read and/or comprehend what they are before the signing takes place. This, to me, is one more of the "well, we covered what we needed to, whether it's really what the law intended or not" attitude.

At least I've not seen initial lines on the instruction sheets for the IRS docs lately.