Customer Signatures on RESPA Docs

Question:

As far as the Good Faith Estimate is concerned under RESPA, it is my understanding as long as you can document you have given the customer a copy of the Good Faith, you do not need their signature. How about the HUD1 or HUD1A Settlement Statement?

Answer:

You are correct about the GFE. Similarly, there is no signature requirement for the Settlement Statements. However, since you present these documents at closing, why not get them signed?

First published on BankersOnline.com 03/15/04