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TILA Signed by Non-borrowing Spouse

Answered by: 
Richard Insley
Dan Persfull

Question: 
Should a non-borrowing spouse ever need to sign a Truth In Lending for an interim construction loan for a secondary residence or for a home purchase for that matter?
Answer: 

Answer by Dan Persfull:There is never a reason, other than maybe an internal procedure or a state law, for anyone to sign the Truth In Lending disclosure.

Answer: 

Answer by Richard Insley:It would be good to mention that investors often require signatures on more documents than the law requires.

First published on BankersOnline.com 3/10/08

First published on 03/10/2008

Filed under: 
Lending
Filed under lending as: 
TILA

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