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Company Loan Type APR Est. Pmt.

PUD

Posted on: 02nd Jul, 2011 07:14 pm
Why is my bank contacting me 3 yrs. later to sign a PUD agreement they said was not signed initially?
Hi diamondeyez,

Well, this is something that your bank will be able to answer in a better manner. You should contact them and ask them to clarify the matter.

Thanks
Posted on: 03rd Jul, 2011 09:15 pm
They have obviously belatedly discovered that a document didn't get signed. You would have signed a specific disclosure at your closing that allows for this sort of situation to be rectified if and when discovered. The timing might seem unusual, but perhaps there's been a recent audit and the lack of such a disclosure was discovered. Inasmuch as you've already consented at the closing to fix paperwork problems, you would need to comply with their request. It's more of a technicality, no doubt, than anything else; why not do as they request and be cooperative?
Posted on: 04th Jul, 2011 06:12 pm
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