If the documents will arrive today, July 16, 2005 and the signing will take place tomorrow, July 17, 2005 and the SS is telling you that it is ok to sign tomorrow...you are not backdating. They are not asking you to sign on the 17th, but date on the 16th. You are dating the documents the same day as the signing.
Let me help you in understanding what backdating and predating means:
Backdating - when the documents that you received are executed (signed) today, but they want you to date it to yesterday. Most of the time, this happens because they prepared the documents a day late and inorder for the LO to get their commission for that month, they want you to backdate, or that the documents are date sensitive. Since they were not able to sign yesterday (for whatever reason), the borrowers are going to loose the rate lock in if you do not backdate.
Predating - when the documents arrive today, signed today, but they want you to date it for tomorrow. It happens when the borrowers are supposed to sign tomorrow but are not going to be available for whatever reason. Inorder to close on time and not loose the lock in rate, they will have to sign a day earlier but date it for future date.
Both of these are illegal. However, your situation does not fall under any of these. You will be signing tomorrow and you are dating the documents tomorrow. Aside from the NRTC, there is no other dates that you should worry about. If the RTC dates are already entered as 7/16/05 and and 7/20/05, just change the 7/16/05 to 7/17/05 and have the borrowers initial... last day to cancel would still remain the same.
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