Though we do require customers to sign Good Faith Estimates/Service Provider Disclosures, initial Truth-In-Lending disclosures and Mortgage Servicing Disclosures to acknowledge receipt, only the Mortgage Servicing Disclosure acknowledgement is required prior to settlement. We're thinking about eliminating the bank's requirement for signatures on the Good Faith and T-I-L forms, but we also need to show that they were provided to the applicant(s) within three business days of application.
I would appreciate knowing what other banks are doing. Do you require the signatures on all disclosures? If not, how do you document the timely delivery of the disclosures?
Thanks.