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Loa Sig Test 6(2024/25); Questions & Answers (Latest Update) $12.99   Add to cart

Exam (elaborations)

Loa Sig Test 6(2024/25); Questions & Answers (Latest Update)

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Loa Sig Test 6(2024/25); Questions & Answers (Latest Update) A notary Signing Agent is asked to describe several of the loan terms at a signing appointment. The Notary Signing Agent may: Provide only a general description of the loan terms A Notary Signing Agent has been providing signing s...

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  • August 25, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Loa Sig
  • Loa Sig
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Loa Sig Test 6(2024/25); Questions & Answers
(Latest Update)
A notary Signing Agent is asked to describe several of the loan terms at a signing

appointment.


The Notary Signing Agent may: ✔✔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: ✔✔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. ✔✔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

, Loa Sig Test 6(2024/25); Questions & Answers
(Latest Update)
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. ✔✔True


The best way to address a borrower's questions that the Notary Signing Agent is

not allowed to


answer , is to: ✔✔Recommend that the borrower contact the lender's

representative immediately


before signing the documents.

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