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Exam (elaborations)

NOTARY EXAM PA Questions & Answers

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Question #1: Is there a difference between being appointed and being commissioned? - ANSWER-YES. Being appointed confirms your qualification for the office of notary public, and being commissioned means that you are authorized to conduct notarial acts. Upon appointment and prior to becoming a commissioned notary public, you will need to take an oath of office, and record your oath, bond, commission, and official signature in the County where you maintain a business or work address, within: - ANSWER-45 days. What is the purpose of a notary public's surety bond? - ANSWER-The surety bond is a financial guarantee to the Commonwealth and the notary's customers. If a customer suffers a financial loss due to a notary's failure to fulfill their duties and responsibilities, the state or the customer has the right to remedy the matter by seeking compensation from your bond. How many notarial acts is a Pennsylvania notary public authorized to perform? - ANSWER-six It is a conflict of interest if a notary public performs notarial acts as: - ANSWER-For the direct benefit of their spouse. As a Pennsylvania notary public, you may only perform notarial acts: - ANSWER-Within the geographical borders of the Commonwealth of Pennsylvania. What would NOT constitute a conflict of interest? - ANSWER-Being a shareholder in a publicly traded company that is a party to a notarized transaction. What would constitute a direct or pecuniary interest? - ANSWER-Receiving monetary compensation other than a notary fee, that is contingent upon you notarizing a document.

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NOTARY PA
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NOTARY PA

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Uploaded on
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