Notary Signing Agent (2022/2023) Reloaded with Certified Solutions

Notary Signing Agent (2022/2023) Reloaded with Certified Solutions When would the Right of Rescission period end if refinance documents for a borrower's primary residence were signed on Thursday, October 25th at 8pm? Monday October 29th at midnight Which document(s) specify the interest rate being charged for a loan? Note Which of the following questions can a notary signing agent answer without supplying unauthorized or illegal assistance? Where are my interest rate and monthly payment amount listed? During a signing, a borrower asks you why the appraisal fee is $595. The notary should: Suggest that the borrower call his/her contact at the Lender or Title Company. When notarizing a document for a signer, which of the following can qualify as satisfactory evidence of identity? A valid driver's license. A signer comes to you needing a document notarized, but does not know what kind of notarization is required. The document itself does not state this either. As a notary, how should you proceed? Inform the signer that they will need to let you know what type of notarization is needed before you can complete it for them. How should you proceed if you are completing an Acknowledgment for a document, but there is no room for a notarial section to be completed? Complete a separate Acknowledgment certificate and attach this loose leaf certificate to the document. A document requiring a notary's Acknowledgment is signed prior to being presented to the notary public. In this case, the notary public should: Ask the signer to Acknowledge that he or she executed the document, check acceptable identification, and then notarize the signature. You are notarizing the Deed of Trust for John Smith. John's wife Jane Smith is also on the Deed and the attached Acknowledgment, but she will not be present at the signing. What should you do to complete the Acknowledgment for John Smith? Cross out the name Jane Smith on the Acknowledgment, initial the change, and notarize the signature of John Smith. In which situation does a person who needs an acknowledgment notarized NOT need to appear before a notary? If another individual is signing as Attorney in Fact for the signer in an authorized capacity. The Deed of Trust or Mortgage is a Security Instrument whereby real property is pledged as security for a loan. True If a borrower asks whether they are getting a Good interest Rate, how should you respond? As a neutral, disinterested third party, it is not your place to make comments or give opinions regarding the Quality of a loan. A notary can delegate his or her notarial Authority to another person. False When a borrower has questions regarding specific terms and conditions of their Loan, the notary should: Advise borrower they need to get clarification from their Loan officer or broker. Attempt to contact the Loan officer or broker from the signing to get questions answered. A Notary Public need not require an individual to personally appear before them if the document has been per-signed & the Notary Public personally familiar with the signature of the individual. False When the names of a Husband & Wife have been per-typed on an Acknowledgement, but only the Husband appears before the Notary Public to have his signature notarized then: The Notary Public must cross out the Wife's name on the Acknowledgement A Notice of Right to Cancel or Right of Rescission is not generally required on purchase transactions. Three Business Days to Cancel. When utilizing a Driver's License or any ID card as satisfactory evidence for identifying a Borrower, it Must contain a photograph, signature, physica