Reply To: Closing Disclosure Grantor Signature Line

Brent V

In a rescindable transaction, all of those who have an ownership interest in the property have the right to rescind. So, even though the wife is not an applicant, she has the right to rescind. Regulation Z also states that each person who has the right to rescind must receive a copy of the material disclosures, which are included in the TRID disclosure. I assume Laser Pro is requiring the wife’s signature as an acknowledgement of receipt of a copy of the disclosure.