Utah notary public - Study guides, Class notes & Summaries

ADJUSTABLE RATE MORTGAGE (ARM) - A loan where the interest rate is periodically adjusted based on a specific economic indicator (or financial index). ACCELERATION CLAUSE - Allows a loan to become due and payable immediately if certain requirements are not met, such as making payments, maintaining the physical condition of the property or paying property taxes and hazard insurance. ABROGATION - To nullify or replace. Signing of the closing documents nullifies the Real Estate Purchase Contra...

UTAH NOTARY EXAM,PRACTICE EXAM AND STUDY GUIDE,/NOTARY PUBLIC PRACTICE EXAM QUESTIONS WITH CORRECT ANSWERS ALREADY GRADED A+

AFFILIATED BUSINESS ARRANGEMENT (AfBA) - A financial interest in a business that could provide services to a borrower in a loan transaction. The lender is required to disclose such affiliations to the borrower and may not require that the borrower use the affiliate. Disclosure is also required when it is the policy of the lender to share private information of borrowers with its affiliates. The borrower may refuse permission to share information by returning the notice indicating that they O...

A notary public may NOT copy certify a - ANSWER-Publicly recorded document, such as a birth certificate If a notary leaves employment what should the notary do with their seal? - ANSWER-Keep it. The commission remains in effect until expiration, cancellation, or resignation A notary may refuse to perform a lawful notarization solely based on the documents content - ANSWER-False The notary may only perform notarial acts in - ANSWER-The state of utah Keeping a journal is - ANSWER-Optio...

Utah Notary Test QUESTIONS AND CORRECT ANSWERS AND RATIONALES Top 10 Mistakes of Notaries Public: Mistake 1 - ANSWER- Leaving out the notarial language Top 10 Mistakes of Notaries Public: Mistake 2 - ANSWER- Confusing the notarial acts Top 10 Mistakes of Notaries Public: Mistake 3 - ANSWER- Misinterpreting electronic signature/notarization Top 10 Mistakes of Notaries Public: Mistake 4 - ANSWER- Failing to require Personal Appearance Top 10 Mistakes of Notaries Public: Mistake 5 - ...

A notary public may NOT copy certify a - ANSWER-Publicly recorded document, such as a birth certificate If a notary leaves employment what should the notary do with their seal? - ANSWER-Keep it. The commission remains in effect until expiration, cancellation, or resignation A notary may refuse to perform a lawful notarization solely based on the documents content - ANSWER-False The notary may only perform notarial acts in - ANSWER-The state of utah Keeping a journal is - ANSWER-Optio...

Utah Notary Test Questions and Answers Already Passed What are the top 10 mistakes notaries make? 1. Leaving out notarial language 2. Confusing the notarial acts 3. Misinterpreting electronic signature 4. Failing to require personal appearance 5. Failing to name the signer 6. Adopting policies contrary to UCA 46-1-8 7. Failing to require proper ID 8. Refusing documents solely for their content 9. Leaving the notary seal and certificate 10. Executing 'material incomplete' certifica...

UTAH NOTARY EXAM, PRACTICE EXAM AND STUDY GUIDE NEWEST 2024 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ How old must you be to obtain your notary public? - ANSWER- 18 Years Old What are the residency qualifications to become a Utah Notary - ANSWER- Reside in the state of Utah or be employed with a Utah Based company How long much you been employed with a Utah Based company to apply for your notary license - ANSWER- 30 days To apply for your...

GENERAL PARTNER - A partner who has full authority to make decisions, act for the partnership, and has full liability for the business dealings of the partnership. ACCELERATION CLAUSE - Allows a loan to become due and payable immediately if certain requirements are not met, such as making payments, maintaining the physical condition of the property or paying property taxes and hazard insurance. IMPOUND, RESERVE OR ESCROW ACCOUNT - A trust account established to set aside funds for future n...

UTAH NOTARY EXAM, PRACTICE EXAM AND STUDY GUIDE NEWEST 2024 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ How old must you be to obtain your notary public? - ANSWER- 18 Years Old What are the residency qualifications to become a Utah Notary - ANSWER- Reside in the state of Utah or be employed with a Utah Based company How long much you been employed with a Utah Based company to apply for your notary license - ANSWER- 30 days To apply for your...