It should always be signed. Period. It has been misinterpreted often, but it must be signed at the top, whether there is one Borrower or two.
If you read the paragraph under the heading "Uniform Residential Loan Application", it states that "Applicants should complete this form as Borrower and Co-Borrower, as applicable". If there's only one Borrower, then only one person signs at the top-right. If there is a Co-borrower, they sign at the top-right also, and by doing so, they further agree that they are applying for joint credit. Whether individual or joint credit, all boxes on the URLA must be completed IF applicable. |
