Early Disclosures - Dating the Signature

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Question:

With the new regs, can the signatures on the early disclosures be dated sometime in the seven day period that is allowed from the application date, if they are mailed to the customer? Sometimes they will be dated after they are received, which is not the application date.

Answer:

You should document when the disclosures were mailed to the applicants, not when they got them.

First published on BankersOnline.com 5/10/10