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#2260654 - 10/04/21 05:33 PM Lender using date stamp on all loan documents
Compliance Newbie Offline
Member
Joined: Jan 2015
Posts: 67
Should Lenders be dating all loan documents with a date stamp by the customer's signature line? This includes the right of recission.

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Lending Compliance
#2260655 - 10/04/21 06:10 PM Re: Lender using date stamp on all loan documents Compliance Newbie
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 78,596
Galveston, TX
Oh heck no. The customer either signs and dates the document when it is signed or they do not. You do not alter preprinted documents, otherwise how do you document when that alteration occurred? You need to sit down with your legal counsel.
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#2260686 - 10/05/21 03:01 PM Re: Lender using date stamp on all loan documents Compliance Newbie
Compliance Newbie Offline
Member
Joined: Jan 2015
Posts: 67
Thank you. I just needed to hear it from someone else.

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