2024\2025 A+ Grade
Notary Bond
- correct answer Provides coverage for damages to anyone who suffers financially from a Notary's action
- intentional or not
Reasonable Care
- correct answer The degree of attentiveness that a person of normal intelligence and responsibility
would exhibit.
Uniform Real Property Electronic Recording Act
- correct answer It's the electronic recording system for the filing of electronic real property documents
executed and notarized with electronic signatures.
Do you need a physical imprint of the notary's seal for electronic notarization?
- correct answer No-as long as all information required to be included in a notary act by law is attached
to or logically associated with the Notary's electronic signature or the electronic real property
document.
you can type this information near the notary's electronic signature.
Certificate of Authority
- correct answer The process of proving the genuineness of an official signature and seal
This comes from the county clerks office or secretary of state index department.
When is a chain of authentication process needed?
- correct answer When a notarized document is going outside the United States.
Who provides additional authentication certificates?
- correct answer U.S. Department of State in DC
Foreign consulate in the particular foreign nation
, Ministry of foreign affairs in the particular foreign nation.
What is an Apostille?
- correct answer It is a authenticating certificate accepted by countries subscribing to a treaty under the
Hague Convention.
-The Hague Convention Abolishing the Requirement of legalization for Foreign Public Documents.
issued by Secretary of State
Can a Notary notarize their own signature?
- correct answer No
Should a Notary notarize a transaction in which they have a direct financial or beneficial interest?
- correct answer No
In real estate a disqualifying financial or beneficial interest exist when?
- correct answer When the Notary is a granter or grantee - mortgagor or mortgagee - lesser of lessee or
a beneficiary of the transaction.
Can a Notary notarize for a relative?
- correct answer Illinois law does not prohibit it but it is not advisable.
- may involve financial or other beneficial interest
- may test ability to be impartial
- could be subject to legal challenge by other parties alleging the Notary did not act impartially
When does a financial or beneficial interest exist?
- correct answer When a Notary is named as a principal
Receives and advantage, right, privilege, property or fee valued in excess of the lawful notary fee.
- this is a disqualifying interest
When to use a credible identifying witness?
- correct answer Not personally known to the notary
Not able to provide reliable ID cards