Agree. I do the same. And to put a finer point on this, as I'm sure the others who have responded to this issue know, the federal Truth In Lending Act requires that every borrower receive two copies of the RTC. The potential penalty is extension of the RTC - possibly for years. This has been used to get people out of loans in the past - especially following the 'refi-mania' days and subsequent 'mortgage meltdown'.
So as the person responsible for getting a loan package properly executed, an NSA should make sure every borrower receives two copies on the transaction date, i.e. the date the rest of the documents are signed. |