Click to return to BOL home page



April 10
Stop Payments
John Burnett

April 15
UDAAP - Lessons Learned from Enforcement Actions
Andy Zavoina

April 16
Handling ACH Origination Exception Issues
Shelly Simpson

April 17
Fair Lending - Internal Monitoring
Patricia Cashman

April 22
A Banker's Guide to Virtual Currency
Andrew Beal

April 24
BSA/AML Compliance: Writing the SAR Narrative
Ken Golliher



Topic Options
#376283 - 06/22/05 03:59 PM Co-borrower's Signatures
Ginlyn, CRCM Offline
Gold Star

Registered: 11/03/03
Posts: 271
Loc: Oklahoma
Need an answer on a RESPA loan. Are co-borrowers required to sign preliminaries e.g. "Affiliated Business Arrangement Disclosure Statement", "Disclosure of Right to Receive a Copy of an Appraisal", "GFE", or "Servicing Disclosure Statement"? The co-borrowers do not have an interest in the mortgaged property; however, they are needed because of their good credit (parents of one of the borrowers).

Top
Lending Compliance
#376284 - 06/22/05 04:05 PM Re: Co-borrower's Signatures
someone else Offline
Power Poster

Registered: 08/10/04
Posts: 3300
Loc: back to my roots
You mean co-signers...
_________________________
Somewhere, something incredible is waiting to be known. - Carl Sagan

Top
#376285 - 06/22/05 04:07 PM Re: Co-borrower's Signatures
Ginlyn, CRCM Offline
Gold Star

Registered: 11/03/03
Posts: 271
Loc: Oklahoma
Yes. Co-signers on the note.

Top
#376286 - 06/22/05 05:59 PM Re: Co-borrower's Signatures
corkygirl Online
Power Poster

Registered: 09/29/04
Posts: 4236
Loc: middle of the country
I would have the co-signer sign every document that relates to the credit transaction he/she is agreeing to co-sign for. I might not have a co-signer sign any disclosure relating to the collateral. Just my opinion, for what it's worth.
_________________________
Treading water in a hurricane

Top


Moderator:  Andy Z