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