diff --git a/include/xrpl/tx/transactors/lending/LoanSet.h b/include/xrpl/tx/transactors/lending/LoanSet.h
index 5cfd6c7988..fab489e3db 100644
--- a/include/xrpl/tx/transactors/lending/LoanSet.h
+++ b/include/xrpl/tx/transactors/lending/LoanSet.h
@@ -18,11 +18,6 @@ namespace xrpl {
 
 class LoanSet : public Transactor
 {
-private:
-    /* Returns true if the transaction is using the two-step (Borrower) flow. */
-    static bool
-    isTwoStepFlow(STTx const& tx, Rules const& rules);
-
 public:
     static constexpr auto kConsequencesFactory = ConsequencesFactoryType::Normal;
 
diff --git a/src/libxrpl/tx/transactors/lending/LoanSet.cpp b/src/libxrpl/tx/transactors/lending/LoanSet.cpp
index ee86ae3e3d..1ac387d1b1 100644
--- a/src/libxrpl/tx/transactors/lending/LoanSet.cpp
+++ b/src/libxrpl/tx/transactors/lending/LoanSet.cpp
@@ -49,19 +49,6 @@ LoanSet::getFlagsMask(PreflightContext const& ctx)
     return tfLoanSetMask;
 }
 
-bool
-LoanSet::isTwoStepFlow(STTx const& tx, Rules const& rules)
-{
-    if (!rules.enabled(featureLendingProtocolV1_1))
-        return false;
-
-    // The two-step (Borrower) flow is started when the LoanSet names a
-    // Borrower and a StartDate but carries neither a Counterparty nor a
-    // CounterpartySignature.
-    return tx.isFieldPresent(sfBorrower) && tx.isFieldPresent(sfStartDate) &&
-        !tx.isFieldPresent(sfCounterparty) && !tx.isFieldPresent(sfCounterpartySignature);
-}
-
 NotTEC
 LoanSet::preflight(PreflightContext const& ctx)
 {
@@ -85,12 +72,7 @@ LoanSet::preflight(PreflightContext const& ctx)
             return tx.getFieldObject(sfCounterpartySignature);
         return std::nullopt;
     }();
-
-    bool twoStepFlow = isTwoStepFlow(tx, ctx.rules);
-    // In the two-step (Borrower) flow introduced by V1.1, a CounterpartySignature
-    // is not required even for non-batch transactions. The immediate flow still
-    // requires one.
-    if (!tx.isFlag(tfInnerBatchTxn) && !counterPartySig && !twoStepFlow)
+    if (!tx.isFlag(tfInnerBatchTxn) && !counterPartySig)
     {
         JLOG(ctx.j.warn()) << "LoanSet transaction must have a CounterpartySignature.";
         return temBAD_SIGNER;
@@ -161,11 +143,6 @@ LoanSet::checkSign(PreclaimContext const& ctx)
     if (auto ret = Transactor::checkSign(ctx))
         return ret;
 
-    // In the two-step (Borrower) flow introduced by V1.1 there is no
-    // counterparty, so there is no CounterpartySignature to check.
-    if (isTwoStepFlow(ctx.tx, ctx.view.rules()))
-        return tesSUCCESS;
-
     // Counter signer is optional. If it's not specified, it's assumed to be
     // `LoanBroker.Owner`. Note that we have not checked whether the
     // loanbroker exists at this point.