Notary Signing Agent Certification Study Guide: Part 1 fully solved 2023

Notary Signing Agent Certification Study Guide: Part 1 fully solved 2023 Notary Signing Agent - correct answer A notary who specifically trained to handle and notarized loan documents; plays a critical role in many mortgage transactions nationwide The Five Requirements - correct answer The created five standards required of all NNA NSA candidates: 1. Signing and adhering today the notary signing agent code of conduct 2. Passing and annual certification examination 3. Submitting to an annual background screening 4. Using the signing presentation guidelines 5. Owning notary errors and omissions insurance converse 1: Signing and Adhering to the Code or Conduct - correct answer To begin your certification process the first document you will want to familiarize yourself with is the Notary Signing Code of Conduct; it has become a requirement for certification that all NSAs read through it and sign, starting that he or she promises to abide by the Code in his or her professional practice 2: Passing the Annual Certification Exam - correct answer The exam contains 45 questions, meaning you must correctly answer 36 of them to pass; you are required to obtain 80% 3: Submitting to a Background Screening - correct answer Within 24 hours of registration, you will receive an email directing you to the secure website of the NNA background screening provider. This where you will submit the information required to imitate your screening process The entire background screening is usually complete within 5 - 10 business days 4: The Signing Presentation Guidelines - correct answer These guidelines cover 27 documents commonly found in a refinance loan package 5: Notary Errors and Omissions Insurance Coverage - correct answer Many leaders, title companies and signing services require Notary Signing Agents to carry a Notary errors and omissions insurance policy, typically with a $25,000 coverage limit Chapter 2: Getting Started as an NNA Certified Notary Signing Agent - correct answer Part 1: Standards of Practice and NSA Professionalism Professional Licenses - correct answer NSAs must obtain and maintain all licenses and commissions required to perform signing services in your state or jurisdiction Background Screening - correct answer You are required to have background screenings of your identity, residence, record of state or federal criminal arrests and convictions, state motor vehicle records and a check of your name against pertinent lists as required by rules implemtnting the USA Patriot Act Notary and Federal Laws and Regulations - correct answer •Gramm - Leach Bailey Act (GLBA) •Truth - In lending Act (TILA) •Real Estate Settlement Provedures Act (RESPA) •Fair and Accurate Credit and Transactions Act (FACTA) • Uniting and Strengthening America by Providing Appropiate Tools Reaquired to Intervept and Obstruct Terrorism (USA PATRIOT ACT) Certification - correct answer You must earn and maintain any certifications needed to service contracting companies and parties to the transaction; find out what certifications your contracting companies require or certify in an annual basis; you will then be qualified for even the most stringent of contracting companies Closing Documents - correct answer You must be careful to never provide signing parties, which could be constructed as the unauthorized practice of law The NNA Loan Documents At A Glance and the Presentation Guidelines - correct answer Both are resources that will help determine what questions you are able to answer