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LOA SIG TEST #6 QUESTIONS AND ANSWERS
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LOA SIG TEST #6 QUESTIONS AND ANSWERS
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LOA SIG TEST #6 QUESTIONS AND ANSWERSA 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.
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 verified with reasonable certainty by examining a written identification document or by the oaths of credible witnesses. - answer- True
A borrower presents ID at a closing that is in her married name, while the documents are drawn up in her maiden name. The borrower explains that she has recently divorced. In order to proceed, the Notary Signing Agent should: - answer- Ask the Signer to present a different "state authorized" supplemental indentification document which shows her maiden name.
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