| Unfortunately law school does teach you to read and understand every word. The loan application says very clearly right above the signature lines "If this is an application for joint credit, Borrower and Co-Borrower each agree that we intend to apply for joint credit (sign below). Most signing companies have borrowers sign every time to avoid confusion. However, there is a misunderstanding because there is no law or guideline that says that a single borrower must sign. The title/signing companies just find it easier to have everyone sign since it will not invalidate the document. I understand the importance of completion of forms and the need to not leave blank lines... Three years of law school teach a person some things. But I do not agree that it is mandatory. Maybe in practice it is understood that a single and joint credit borrower will always sign, but in fact, it IS NOT the law, or the rule. Have a great weekend to all. |
