I have loaded and old video taken in 2001, with the date and time stamp in the frames, into Movie Edit Pro 15. Once I stabilise the scene the picture is fine but the time stamp then jumps around. I would like to suppress importing the timestamp.
Can't say for sure, but it's likely that the time stamp has been applied by your camera, not by MEP during the import. Is it present if you view your clips with say Windows Media Player? I've got a little 'mini spy cam' that has an annoying yellow timestamp -- I generally crop to eliminate it.
Another option would be to apply an area of pixilation to mask the stamp like they do on faces of people being taken to court.