Borrower signatures on Right to Rescind notice

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Question:

When a right to rescind is involved in a real estate-secured transaction, we are trying to confirm if there is anything in the regulation that requires the borrower(s) to sign all copies of the notice of right of rescission, or only requires the borrower(s) to sign one copy for the lender and leave the borrower copies unsigned. We can only find where the number of copies to be provided is specified (two for each owner if on paper, one for each owner if delivered electronically).

Answer:

Regulation Z does not require signatures, only delivery. Most banks and all investors require the notice to be signed and the bank retains for their records as proof of delivery. There would be no reason for the borrower to sign the two copies of the notice that they retain.