Then we agree to disagree, Sylvia, respectfully.
Please note the operative word "IF". "IF this is an application for joint credit...etc"
What the paragraph doesn't state, unfortunately, is that if it is NOT an application for joint credit, the sole Borrower must still sign.
I attended a very thorough training seminar on this matter, and was told that the Co-Borrower line AND the language was put there for a specific reason; so that the CO-BORROWER understood that they were applying for credit (becoming financially liable) and not just "going on the deed". The Borrower signs. Period. IF there is a co-borrower, that person must acknowledge at the onset of the application that they indeed understand that they are applying for credit.
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