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loan signing notary cards Exam Questions and Answers
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loan signing notary cardsWhat is a notary public? - Question and answersA notary public is an official appointed
by the county or state after his/her documents and examination results indicate his/her
suitability for the job.
A notary public has power to: - Question and answersAdminister an oath and
affirmations and take depositions and affidavits;
Certify copies of power of attorney;
Issue protest bills in cases of non-payment or non-acceptance of foreign and inland bills
of exchange;
Issue acknowledgements in the cases of health-care directives, powers of attorney,
mortgages, deeds, grants, transfers, and other such instruments signed by any
individual who can establish his/her identity.
Wha is a Surety Bond? - Question and answersThe surety bond protects the public
against any notarial act completed improperly, illegally, or negligently by the notary.
It is important to note that the notary bond is not an insurance policy for the notary. It is
designed only to provide a limited fund for paying out in claims against him. The notary
remains personally liable to the full extent of the damage sustained and may be
required to reimburse the bonding company for sums paid by the company because of
misconduct or negligence of the notary public.
The notary bond protects the public against a notary's misconduct or negligence;
however, it does not protect the notary. The bond provides coverage for damages to
anyone who suffers financially due to a blunder on the part of a notary - whether
intentional or not.
The guaranteeing company will seek compensation from the notary for any damages it
has to pay out on the notary's behalf.
What is Errors and Omissions Insurance? - Question and answersNotaries are liable for
any improperly-executed notarial act. Errors and omissions insurance is not a legal
requirement, but it is a good idea to have it in order to protect the notary.
In the acknowledgment, the notary public certifies that - Question and answersThe
signer personally appeared before the notary public on the date and in the county
indicated
The signer has been identified by the notary through either personal knowledge or
satisfactory evidence
The signer's acknowledgment executes the document
,The notary completing an acknowledgment should know - Question and
answerswhether the signer will sign in his/her presence or if the signer will arrive with a
document already signed. In the latter case, the notary must ask the signer to
acknowledge that he/she signed the document.
The notary also must check whether the document has blank spaces or is incomplete,
because it is illegal to notarize documents that are blank or incomplete.
How should a notary Verify Identity - Question and answersIt is the job of the notary to
verify the identity of the signer; his/her identity could be verified by personal knowledge
or satisfactory evidence. Either way, the notary must write on the journal how he/she
has identified the signer.
What are the Notary Acknowledgment Responsibilities - Question and answersA notary
public cannot provide a certificate of acknowledgment if the signer does not personally
appear in front of him/her, even if the signer is known by the notary public.
A notary is responsible for filling out the certificate of acknowledgment at the time
he/she signs it and affixes the seal.
Each time the notary places his/her seal and signature onto a document, he/she also
must affix the appropriate notarial wording.
If a notary acknowledges a document, knowing that the statements are false, he/she is
responsible for the liability of civil penalties and administrative actions. In some cases,
the action is a criminal offense.
Acknowledgment sample form: - Question and answersState of
____________________ County of __________________
On _________________________ before me, (here insert name and title of the officer),
Personally appeared _________________________________________
________________________________________________________________person
ally known to me (or proved to me on the basis of satisfactory evidence) to be the
person(s) whose name(s) is/are subscribed to the within instrument and acknowledged
to me that he/she/they executed the same in his/her/their authorized capacity(ies), and
that by his/her/their signature(s) on the instrument the person(s), or the entity upon
behalf of which the person(s) acted, executed the instrument.
WITNESS my hand and official seal.
, NOTARY PUBLIC SIGNATURE NOTARY PUBLIC SEAL
In the jurat, the notary public certifies - Question and answersThat the signer personally
appeared before the notary public on the date indicated and in the county indicated
That the signer signed the document in the presence of the notary public
That the notary public administered the oath or affirmation
The identity of the signer
What is an acceptable oath for a Jurat - Question and answers"Do you swear or affirm
that the statements in this document are true?"
If the notary notarizes a jurat that includes the signer's date of birth, age, and a
purported photograph or finger/thumbprint of the person so swearing or subscribing, the
notary must verify - Question and answersthe date of birth or age by requesting that the
signer provide a certified copy of either the person's birth certificate, driver's license or
identification card issued by the Department of Motor Vehicles.
Jurat sample form: - Question and answersState of _________________
County of ________________
Subscribed and sworn to (or affirmed) before me on this _____ day of _______, 20__,
by _______________________, personally known to me or proved to me on the basis
of satisfactory evidence to be the person(s) who appeared before me.
NOTARY PUBLIC SIGNATURE NOTARY PUBLIC SEAL
What is a power of attorney? - Question and answersPower of attorney is a special type
of permission granted by one person to another to act on his/her behalf in various
matters. Power of attorney may be granted in matters relating to real estate, health, and
medical decisions, claims and litigations, and various other transactions.
Power of attorney sample form: - Question and answersState of _____________
County of _______________
I ____________________, Notary Public, certify that on __________, I examined the
original power of attorney and the copy of the power of attorney. I further certify that the
copy is a true and correct copy of the original power of attorney.
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