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Notary Signing Agent 2024 Reloaded Exam Questions And Correct Answers
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Notary Signing Agent 2024 Reloaded Exam QuestionsAnd Correct Answers
When would the Right of Rescission period end if refinance documents for a borrower's
primary residence were signed on Thursday, October 25th at 8pm? - Answer Monday
October 29th at midnight
Which document(s) specify the interest rate being charged for a loan? - Answer Note
Of the following questions, which one are you, the notary signing agent, able to answer
without offering unauthorized or illegal advice? - Answer Where is my interest rate and
where is my monthly payment amount?
You have the borrower in front of you at a signing. The borrower asks you why the
appraisal fee is $595. You should - Answer Suggest that he/she call his/her contact at
the Lender or Title Company.
When notarizing a document for a signer, which of the following can constitute
satisfactory evidence of identity? - Answer A valid driver's license.
A signer appears before you requiring a document to be notarized and doesn't know
what type of notarization is required. The document itself doesn't say so, either. As a
notary, what would you do? - Answer Let the signer know that they must inform them as
to what type of notarization is needed, as that way you can fulfill it for them.
What do you do if you are completing an Acknowledgment for a document, but there is
no room for a notarial section to be completed? - Answer Complete a separate
Acknowledgment certificate and attach this loose leaf certificate to the document.
A document that requires a notary's Acknowledgment is signed prior to coming before
the notary public. In this case, the notary public should: - Answer Have the signer
Acknowledge that he or she executed the document, verify acceptable identification
and then notarize the signature.
, You are notarizing the Deed of Trust for John Smith. John's wife Jane Smith is also on
the Deed and the attached Acknowledgment, but she will not be present at the signing.
What do you do to complete the Acknowledgment for John Smith? Answer Cross out the
name Jane Smith on the Acknowledgment, initial the change and notarize the signature
of John Smith.
Under what circumstance would an individual requiring an acknowledgment to be
notarized NOT have to appear before a Notary? - Answer When someone else is actually
signing as Attorney in Fact for the signer in some authorized capacity.
The Security Instrument called the Deed of Trust or Mortgage assigns real property as
security for a loan. - Answer True
If a borrower asks if they are getting a Good interest Rate, how do you respond? -
Answer As a neutral, disinterested third party, it is not your place to make comments or
give opinions regarding the Quality of a loan.
A notary may delegate his or her notarial Authority to another person. - Answer False
When a borrower has questions as to specific terms and conditions of their Loan, the
notary should: - Answer Instruct borrower they must get clarification of their Loan
officer or broker.
Attempt to contact the Loan officer or broker from the signing to get questions
answered.
A Notary Public is not required to have an individual personally appear before them
provided the document has been pre-signed & the Notary Public is personally familiar
with the signature of the individual. - Answer False
When an Acknowledgement has had a Husband & Wife's names pre-typed, but only the
Husband appears in front of the Notary Public to notarize his signature then: - Answer
The Wife's name must be struck-through on the Acknowledgement by the Notary Public
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