Yes, but as ridiculous as they are, they're still good for some uses.
E.g., if you follow the "fraud-closure" robo-signing story, you know that the banks and mortgage agencies are all guilty of perjury. In some cases, there are 20 distinct signatures supposedly by the same company officer, at least 5 of which were supposedly signed on any given day.
Not that the government or attorney general wants to actually prosecute and I doubt anything will come out of this. But if there was no "wet signature" (handwritten ink signature on the original document) requirement, there would likely be no evidence of wrongdoing, especially after the mass deletion of emails and shredding of printed documents that the mortgage industry practiced.
E.g., if you follow the "fraud-closure" robo-signing story, you know that the banks and mortgage agencies are all guilty of perjury. In some cases, there are 20 distinct signatures supposedly by the same company officer, at least 5 of which were supposedly signed on any given day.
Not that the government or attorney general wants to actually prosecute and I doubt anything will come out of this. But if there was no "wet signature" (handwritten ink signature on the original document) requirement, there would likely be no evidence of wrongdoing, especially after the mass deletion of emails and shredding of printed documents that the mortgage industry practiced.