Compliance – TRID-KBYO – Closing Document Dates: If borrowers receive documents in advance and sign earlier than the effective date of the documents, will that cause an issue? Settlement attorneys in our area said “no”.
Answer: This is an excellent and important question. The closing documents CAN NEVER be signed before the effective date. If you do, the consequence is typically an unsalable loan. Copyright – 2017 – MortgageCurrentcy.com