I've never experienced one that wouldn't let me read it before I signed it.
I thought it was particularly interesting that I was referred to another doctor inside the same medical system sharing an EHR (ie they already HAD my data)and I still had to sign aa new HIPAA form less than a week later. That was the single time I didn't insist on reading the whole thing, I asked them if they were the exact forms used across the entire hospital system, I double checked one of them, and then just signed the rest.
My real fun experience with this was when I bought a house, one thing said I had to move in within 30 days, another 60 days, and another 15 days. There were also various other date discrepancies on when certain things had been completed and, they had used my full name (first, middle, last) in some places and just first/last in others. Man everyone was mad I was reading everything before I signed it though.
I read everything put in front of me when I bought my car. Boy was the finance guy pissed, cause it took me like an hour, and he makes his living upselling add-ons and stuff.
I'm also a pretty fast reader, so it is pretty obvious that they absolutely expect you to not read whatever it is you are signing, because I assume that it would take most other people well over an hour to read.
You're my hero. That's what I wish I'd done the last time I bought a new car from a dealership. They knew I was coming in to buy that day and could have given me the paperwork on the warranties etc to review, but instead decided to spring it on me just when I thought I was about to walk off with the car.
They also asked me to sign a form that said "I have inspected the car" before I'd seen it at all. Sickens me.
I did the same and do it every time. I know their job is actually just to sell warranties and after-market products and the paperwork is a side-job, but I just can't spend $20-30k+ and sign a bunch of papers without reading them and taking some time.
Each of these places have their own branded contracts and similar, but unique documents that look like they typed up and copied some word document they wrote 7 years ago and have never re-printed.
And the descriptions they give are usually a couple works... This one is a power of attorney, it lets us handle title work for your car on your behalf. I had my title in-hand and signed it over to them, so I was really confused why that was necessary among several other things.
> I had my title in-hand and signed it over to them, so I was really confused why that was necessary among several other things.
They file the paperwork with the state.
If possession of the title printout was sufficient to legally take possession of someone's car, that would open the door to a lot of easy car thefts.
My understanding is that the "finance guys" who offer these extended warranties and what not make the most and easiest money. At least when I did this last time at a dealership, they were flaunting the most wealth (expensive shirt/watch).
Same when I was closing on a house. Yes, it may be routine to you, Mr. Title Company person who sees these 23 times a week, but this is a pretty major endeavor I'm entering into and I'd kind of like to know what I'm getting into.
I did the same and spent 45 minutes enjoying explaining the time value of money and opportunity costs when they were trying to upsell me. I also googled the prices on the hood rock cover undercoat and pre paid maintenance plan.y favorite was the panicked look when he said that the warranty was void if the oil was changed outside the dealer and I informed him that was illegal in the whole us. Eventually he just gave up and sold me the car when the manager was trying to get the room for another sale.
I enjoyed putting the warranty In terms of a bet. Would you spend $5k on a lottery ticket that had payout capped at $25k? No. Then why are you trying to sell me a 3rd party warranty?
I enjoyed the whole process. I set aside a whole day for it.
The best part was when my credit card didn't run for some reason and I didn't have the full payment :)
I took mine home on my first car. Found out they hadn't sent it through Honda finance like was discussed for 3.5% but a local bank at close to 19.5%...they were upset the next day...then really upset with the approval from Honda. I was a young freshly graduated college student whom they thought apparently couldn't read.
I did the same for my current car. I noted to the lady that I'd ticked the "don't spam me" checkbox at the bottom and she admitted that she hadn't even noticed it was there. :P
When I bought a house, my bank, Chase (naming names!) made me sign a form saying that they had permission to repossess my house.
Not conditional on non-payment or anything. Not conditional on violation of the terms of the mortgage. Just a blanket document that said they could take it whenever they liked. Apparently the idea is that if I die and my survivors continue to live in the house, then they might have trouble foreclosing on the house because my survivors did not sign the loan agreement. Otherwise, they promised, this document would stay in a drawer somewhere and never be used.
I said that of course I would not sign this document, and they said that the bank would not issue the loan without it. At this point, at closing, what can I even do? Closing was a formality -- my lease had already run out on my previous place, movers had been arranged, HOA had signed off on the purchase and the mortgage terms, and the approval of the loan itself took a stupidly long time to get all the documentation necessary so I couldn't just go to another bank and start the whole process again (especially since they would probably make me sign the same damn form).
So I signed it, and may God have mercy on my soul.
You can edit it. The same way they don't expect you to read it, they don't read it either.
So just edit it to say what you agree with and move on (and don't make a fuss, call their attention to it - they should be reading these just as much as you should).
If I get presented with this document in the future, that's what I'll do. As it was I was incredulous and just assumed that it was a mistake that would benefit from having attention drawn to it. I think you may underestimate the thoroughness of the bank's representative at this proceeding. If they detected the modification, they would simply print out a new one and tell me I had to sign it, or reschedule the closing, which would have been unacceptable at the time, and because of the verbiage in the contract might have result in my offer being voidable by the seller.
Wow. Not a lawyer, but I can tell you that clause and their explanation are BS. The whole mortgage system doesn’t work if a bank can repo a house irrespective of payment on the loan. And the inheritance thing is long solved: any heir would inherit the property with the (legit) mortgage repo rights attached to it, so they wouldn’t be able to escape the loan repayment obligation either.
Fortunately, I doubt a judge would uphold that provision and find that you were forced into it for exactly the reason you gave.
> I bought a house, one thing said I had to move in within 30 days, another 60 days, and another 15 days.
Confused... if you're buying the house why can't you just move in when/if you feel like it? Is this a mortgage/legal thing about it being your primary residence?
Yes, the terms of the loan were for a primary residence thus they expected me to actually live there. If I recall it also stipulated it had to be my primary residence for some amount of time.
Basically, they wanted to make sure I wasn't getting the mortgage to buy a commercial property since that would have had different terms associated with it.
Yep. It’s tied to U.S. housing subsidies. Basically the Federal Government wants people to own their own home so they subsidize home loans. But to help prevent people from using the subsidies for 2 houses or rental properties they require you to move in within a limited timeframe.
> one thing said I had to move in within 30 days, another 60 days, and another 15 days.
I doubt that it said you had to move in, unless it was a condo with bizarrely strict vacancy rules. do you mean that it said you have the right to move in in those time-frames?
Most loans are based on owner occupancy so the bank (really the Federal Government) will require that you are going to live the in house “immediately” to qualify for a better rate.
Fascinating. I've never heard that mentioned when associates have purchased a property and but took up to 1 year or more to renovate or rebuild it before moving in.
I at one point did call the bank and ask about that (I took a few weeks to move stuff in and it was going to exceed their timeline), their response was more or less "we're not going to check in on you or anything? If you say it's your primary residence that's all we need".
I thought it was particularly interesting that I was referred to another doctor inside the same medical system sharing an EHR (ie they already HAD my data)and I still had to sign aa new HIPAA form less than a week later. That was the single time I didn't insist on reading the whole thing, I asked them if they were the exact forms used across the entire hospital system, I double checked one of them, and then just signed the rest.
My real fun experience with this was when I bought a house, one thing said I had to move in within 30 days, another 60 days, and another 15 days. There were also various other date discrepancies on when certain things had been completed and, they had used my full name (first, middle, last) in some places and just first/last in others. Man everyone was mad I was reading everything before I signed it though.