Signature Affidavit is a document in which a person certifies that the signature provided is the true and correct signature used by the person. The person can enter into a contract using the signature provided. It is similar to providing a signature card when open a bank account.
This document is generally combined with the Name Affidavit. The Name and Signature Affidavit is usually part of the closing documents that are signed by the borrowers.
The purpose of the Signature Affidavit is to provide a sample signature that can be used to establish if the borrower signed a document or not. This document is mainly for the protection of the lender.
When reviewing the document, verify the following:
Signature Affidavit is generally prepared by the Docs department of the lender and sent to the borrower for signatures. Generally, the borrowers sign the document at the time of loan closing as part of the closing package.
Updated: Aug 11, 2013