Notary Exam

What is the relationship between the notary and signer? to authenticate the signer's identity You ______ need to be a US citizen. You_______ need to be a CA resident. You DO NOT need to be a US citizen. You DO need to be a CA resident. Fine: No ID & Perjury $10Gs $10,000 Fine: fail to notify about name and address change $500 Fine: for overcharging $750 Fine: AWI-- advertising, willful, immigration $1,500 Fine: thumbs and guns $25 hunds $2,500 cancelled check = cancelled commission Fine: Negligence, Overcharging, No Oath "No No 7-5-0" $750 What is the primary function of a notary? to verify a signer's identity The LIMITED FUND that the surety pays as a PUBLIC LIABILITY PROTECTION (also known as the bond) is in the amount of $15,000 The PUBLIC LIABILITY PROTECTION is purchased from a: California Admitted Surety Insurer Whom does the bond protect? The public Who would be liable in a civil action? The Notary AND the Surety (but the Notary must reimburse the Surety) What is a surety? A person, such as a cosigner on a note, who agrees to be primarily responsible for the debt of another. When you resign your commission, who MUST you notify? The Secretary of State When your commission comes to an end, what must you do with your journals? Surrender them. --To whom? -- County Clerk --Within how many days? -- 30 calendar days To whom do you surrender your journals to when your commission comes to an end? County Clerk How many days do you have to surrender your journals to the county clerk when your commission comes to an end? within 30 calendar days If you are renewing in a good standing what must you do with your journals? Keep them (you can use the same journal in your next commission) You received your commission in the mail on 1-5-20. Your commission commencement date is 1-1-20. When must your oath and bond be filed? January 31, 2020 May you notarize a signature on a document if you are named as a... a. Vendee: b. Mortgagor: c. Principal to the transaction: a. No b. No c. No May you notarize a signature on a document if you are named as a... Vendee? No May you notarize a signature on a document if you are named as a... Mortgager? No May you notarize a signature on a document if you are named as a... Principal to the Transaction? No Is it legal to notarize a document if acting in the capacity of an... a. Attorney: b. Insurer: c. Employee: a. Yes b. Yes c. Yes (as long as you do not directly benefit) May you notarize a signature on a document if you are named as a... Attorney? Yes May you notarize a signature on a document if you are named as a... Insurer? Yes May you notarize a signature on a document if you are named as a... Employee? Yes (as long as you don't directly benefit) What is one reason NOT to notarize for your spouse? Community Property Laws Jane Doe marries John Adeer, becoming Jan Doe-Adeer. What is the first thing she must do for that name change? a. File a name change application with the Secretary of State. b. She will also need to refile her bond and obtain a new seal. a. Your boss moved her business to a new county. What MUST you do? b. What MUST you do with your oath and bond? a. Notify the secretary of state b. NOTHING... re-filling in the new county is optional for an address change What is the fine if you fail to notify the Secretary of State of a name or address change? $500 fine (and a criminal infraction)