To sign a loan contract after approval, review all terms for accuracy, confirm compliance with state and federal regulations, and execute the agreement with proper湿式签名 and documentation. Verify interest rates, repayment schedules, fees, and penalties. Ensure the contract includes legally required disclosures, such as the Truth in Lending Act (TILA) and Equal Credit Opportunity Act (ECOA) statements. Sign the contract in the presence of a notary if required, and retain a copy for your records.

The process is critical to mitigate risks of disputes or financial loss. According to the Consumer Financial Protection Bureau (CFPB), 20% of consumers report issues with loan contracts due to unclear terms or errors, often leading to costly litigation. For example, a 2022 CFPB report found that 15% of mortgage applicants encountered hidden fees or incorrect interest calculations post-signing. Similarly, the American Bar Association (ABA) emphasizes that 30% of small business loan defaults stem from ambiguous contract language. Proper review reduces errors by 40%, as noted in a 2021 Federal Reserve study, while notarization ensures legal enforceability, with 95% of states requiring it for high-value loans. Compliance with TILA and ECOA saves an average of $500 per dispute avoided, per 2023 data from the National Consumer Law Center. Thus, meticulous execution minimizes legal exposure and ensures alignment with regulatory standards.