I'm not sure (I'm new here - always a good excuse huh?) if I'm in the correct forum but I'll ask anyway. I got written up by internal examiners for not having joint credit signed by the Co-signer. I've looked on this site but I cannot find a clear cut answer. I would appreciate any input. Thanks!!

Can you clarify what you mean by "not having joint credit signed by the co-signer". Do you mean the disclosure, or the note?

The notice, not the note. Thanks for responding so quickly.

According to Federal Reserve Staff Interpretations, a signature is not required. See this .

Q14(b)-4: Acknowledgment of receipt. Must the cosigner notice be signed by the cosigner?

A: The rule does not require that the cosigner sign the cosigner notice, or otherwise acknowledge its receipt. (See, however, Q14(b)-9 on permissible additions to the cosigner notice.)

HOWEVER, your bank may very well require a signature as part of its process and you would be in violation of that policy or procedure.

I'm sorry, you're talking about co-signer notices, right? I am referring to the Reg B Requirement - the joint credit notice. Does the co-signer have to sign that??

A co-signer is not a joint applicant and would not, should not be signing the "intent to apply for joint credit".

Can I ask if there's any info I can refer to when telling my co-workers this?? Even the compliance officer is wondering about it.... Thank you.

I see you mean the joint credit "intent" signature. I gave you the disclosure rules.

Also, review this thread.


It gets confusing in the middle but clears up at the end. Much depends upon how and when a co-signer enters the picture. Did the co-signer come in with the applicant and they applied together? Did the bank decline the applicant and require a co-signer? It can make a difference.

Thank you for your advice but I'm still confused. I guess this is just one of those things with no clear-cut answer, huh?

I believe the confusion is caused by the use of the term "co-signer". A co-signer means one thing to people, while the term "co-applicant" means a totally different things. Are you referring to a co-signer or a co-applicant? If you can differentiate between the two I think it will help immensely when dealing with the requirements for indicating "intent" to apply on an application.