Required Signatures

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  • #7128

    Which disclosures require signatures, including new TRID rules?


    There are no definitive signature requirements under TILA, so considering the new TRID rules, the Loan Estimate nor the Closing Disclosure require a signature. A signature can be included at the option of the creditor according to the regulation 1026.37(n) and 1026.38(r).

    Other disclosures that will require a signature are the Flood Notice, insurance acknowledgement if credit insurance is offered.

    Many times, the financial institution will establish policy/procedures that require signature. In addition, state law should be reviewed as well to insure a signature is not required.

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