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#21415 - 06/20/02 08:16 PM Servicing Disclosure
Denny Offline
Member
Denny
Joined: Jun 2002
Posts: 79
Pa
Does anyone know if it's necessary to have the Servicing Disclosure required by RESPA to be acknowledged (signed) by the applicants on the Disclosure itself or could reference be made to and the applicants signature obtained on a cover letter that is be mailed out with other early disclosures?

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Lending Compliance
#21416 - 06/20/02 08:44 PM Re: Servicing Disclosure
Al Miller Offline
Diamond Poster
Al Miller
Joined: Oct 2000
Posts: 2,416
Pleasanton CA USA
The acknowlegement wording is specific, but it is not required to be on the same document as the disclosure. FDIC SF had to take the question to DC last exam here.
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Al Miller, CRCM
Opinions expressed are my own and not necessarily shared by my employer.

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