Glenn wrote "And if that isn't enough, then read the Patriots Act Disclosure which in part reads " We require 2 forms of ID for each borrower to comply with section 326 of the act" which rules out credible witnesses for documents connected with loans. "
The use of Credible witnesses may not be automatically ruled out. Here is my reasoning. The 2nd form of ID typically has less stringent requirements than those for primary ID. For the sake of the discussion lets say the borrower does not have, and can't get, acceptable primary ID as required by your state but does have acceptable secondary ID. Then the use of Credible witnesses would be fine.
Again I do agree with the basic point I just don't think we should rule out the use of CWs for all loans. |