Posted by WendySoCal
on March 18, 2008, 1:13 pm, in reply to "A renouned real estate lawyer recently told me---"
207.200.116.138
I was told by my attorney, also well regarded in the field, that as long as I was only showing them what was printed on the page for them to read, i.e. the Note or the TIL, it is not practicing law as the borrowers would find the information on the page without me. I don't read it to them, just show them the pages.
--Previous Message--
: that even pointing out the interest rate
: and payment amount is practicing law.
: I am not doing anything anymore in doc
: signing appts other than notarize and
: tell them to call their agent. No more
: doing anything that they say we can
: and should do as a 'signing agent'.
: Like I have always said, the term
: "Signing Agent" is a garbage
: can term which ends up meaning
: anything that anyone in the
: loan,title, signing industry wants it
: to mean and assign to you. Lots of new
: things crop up for us to do all the
: time. I was also told never to handle
: packages after the borrower has a
: check attached to it and leave it to
: the borrower to send back, which is
: what I have been doing. We are not
: insured under E&O or in any other way
: for the handling of funds. Very
: dangerous.
:
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