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Re: True - but I never left them with unsigned copies of
Posted by  JanetK_CA of CA on 12/4/19 11:58am Msg #613096
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.
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Messages in this Thread
 Right To Cancel - Susan Snyder on 12/2/19 12:20pm
 Re: Right To Cancel - NVLSlady/VA on 12/2/19 12:46pm
 Re: Right To Cancel...make copies so each has 3 - Linda_H/FL on 12/2/19 1:15pm
 Re: Right To Cancel...make copies so each has 3 - SteveS/CA on 12/4/19 9:17am
 True - but I never left them with unsigned copies of - Linda_H/FL on 12/4/19 11:03am
 Re: True - but I never left them with unsigned copies of -  JanetK_CA on 12/4/19 11:58am
 Re: Right To Cancel - CopperheadTX on 12/2/19 3:07pm
 Re: Right To Cancel -  Jim/AL on 12/3/19 12:48pm
 Agree w/Linda, Copperhead and Jim n/m -  Yoli/CA on 12/3/19 1:33pm



 
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