Why must all owners sign the participation application and loan agreement?

As listed owner of a property, you have an interest in that property. FEC requires all persons who have an interest in the property to sign the participation application and loan agreement for the same reasons spouses are required to sign: 1) to ensure that all property owners are informed; 2) to ensure that the obligation will be paid if anything happens to the primary applicant; and 3) to ensure continued viability of the loan pool.