When presenting the right to cancel form during loan signing the borowwer mistakenly signs on I wish to cancel line what should you do?

Answer 1

If the borrower mistakenly signs on the "I wish to cancel" line of the right to cancel form, calmly explain the error to them and clarify the purpose of the form. You should instruct them to cross out the incorrect signature and initial next to the correction, and then have them sign in the appropriate section to acknowledge their intent to proceed with the loan. Ensure that all parties understand the corrected document before proceeding with the signing process.