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Loa Sig Test -1 Questions With Correct answers
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Loa Sig Test -1 Questions With Correct answers
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Loa Sig Test #1 QuestionsWith Correct answers
A notary Signing Agent is asked to describe several of the loan terms at a
signing appointment. The Notary Signing Agent may: - answer Provide
only a general description of the loan terms
A Notary Signing Agent has been providing signing services with no
incidents for over 10 years without having undergone a background
screening. There fore he/she: - answer Must undergo a background
screening in order to become a "Certified" Notary Signing Agent
The Certified Signing Specialist will not make exaggerated or excessive
claims, promises or guarantees about the Specialist's services. - answer
True
Some Lenders require NSAs to complete a "notarial evidence" form.
The form includes a section to record the Notary's name, commission
number and expiration date, the names of all signers at the loan signing
appointment and the method used to identify them, and the loan number.
It also includes descriptions of each loan document notarized and the
date, time, and type of notarial act performed.
The "notarial evidence" form is completed separate and part from the
NSA's journal entries for the loan documents and sent in with the signed
loan documents and other stipulations from the loan signing. - answer
True
The best way to address a borrower's questions that the Notary Signing
Agent is not allowed to answer , is to: - answer Recommend that the
borrower contact the lender's representative immediately before signing
the documents.
, While on the way to a signing, a Notary Signing Agent realizes that the
location is outside his normal territory and he should have negotiated a
higher travel fee. The most appropriate action the NSA should take is to: -
answer Negotiate a higher travel fee for the next assignment in that
area.
A borrower questions the amount of the "Notary/Signing Fee" appearing
on the settlement statement. The Notary Signing Agent should: - answer
Recommend that the borrower contact the lender's representative before
signing the documents.
Acme Direct Funding's loan package contains an additional
acknowledgement certificate with instructions for the Notary Signing
Agent to sign and affix a seal impression and return the certificate with
completed documents. Which of the following is he best course of action
for the agent to take? - answer Refuse to sign and seal the
Acknowledgement certificate.
A Notary Signing Agent consistently follows the practice of obtaining
borrowers' thumbprints in his or her journal, but is commissioned in a
state that does not require journal thumbprints. A borrower has complied
with all other notarization requirements, but objects to leaving her
thumbprint in the journal. What should the Notary Signing Agent do? -
answer Complete the Signing assignment.
The lenders representative calls the Notary Signing Agent prior to an
assignment that afternoon to inform the agent that the borrower will be
represented by a attorney in fact. This is considered: - answer
Permissible
A Notary Signing Agent with nearly 10 years experience has reviewed and
is completely familiar with all the documents in a loan package. When
meeting with the borrower, the Notary Signing Agent may now: - answer
State the name and purpose of the Loan documents.
Discrepancies in Names: The Certified Signing Specialist will not notarized
the signature of a signing party whose name on the document cannot be
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