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#172923 - 03/24/04 04:10 PM Upfront TIL and GFE
jmd Offline
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Joined: May 2002
Posts: 233
Is it a requirement to have upfront disclosures, the TIL and GFE, signed at closing if the bank has sent them out within the required 3 business day time frame, and has maintained a record in the file that they were sent? We request the borrowers to sign the upfronts and return them, but often they do not and they sign them at closing. Does Reg Z or RESPA require the borrowers signature on these forms? We always provide a final TIL and have the borrowers sign that, along with any upfront docs that they have not returned with signatures, at closing. Is it necessary to have the borrowers sign all of these forms?

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Lending Compliance
#172924 - 03/24/04 04:12 PM Re: Upfront TIL and GFE
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,225
Galveston, TX
There are no regulatory requirement for signatures on these documents, but check your secondary marketing requirements.
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