[Sandy]

We practice having our closing disclosure signed. When there are 2 borrowers 1 of them may come to the bank and pick up a copy to take with them. They will sign our copy that day. The second borrower will usually sign our copy the day of closing when they come into the bank. Is this practice ok since one borrower is signing they received a copy 3 days prior to closing?

[jholzknecht]

Use of the signature line is optional. When used, each consumer obligated on the transaction must sign.

The burden is on the creditor to provide proof that the CD was delivered three business days before closing. If a borrower is not available for face-to-face delivery three days before closing, then the disclosure should be mailed to the consumer six business days before closing.

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