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NSA Notary Signing Agent 2024 Exam Questions With Correct answers
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NSA Notary Signing Agent 2024 Exam Questions With Correct answers
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NSA Notary Signing Agent 2024Exam Questions With Correct
answers
A Notary Signing Agent has been providing signing services with no
incidents for over 10 years without having undergone a background
screening. Therefore he or she: - answer Must still obtain and pass a
background screening
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
Present and state the general purpose of each document and how it must
be signed
Why should a Notary Signing Agent learn about all the closing documents
in a loan package if they are not allowed to provide advice or counsel? -
answer To demonstrate to the contracting companies that the Notary
signing Agent is competent to oversee a signing appointment
A Notary Signing Agent consistently follows the practice of obtaining
borrowers' thumbprints in his or her journal, but is commissioned in a
state that does not require journal thumbprints. A borrower has complied
with all other notarization requirements, but objects to leaving her
thumbprint in the journal. What should the Notary Signing Agent do? -
answer Preform the notary
The Notarial Evidence Form is completed by - answer The Notary Signing
Agent and returned to the contracting company
Notarial certificates on loan documents - answer Must be completed in
the presence of the borrower
, During a signing appointment, a borrower asks the Notary Signing Agent if
his loan rate is competitive. How should the NSA respond? - answer
explain the to the borrower that a Notary Signing Agent is not permitted
to discuss loan rates
A Notary Signing Agent regularly records all notarial acts performed at a
closing in a journal. This is considered: - answer A practice required by
the Code of Conduct
A borrower expresses a reluctance to continue signing documents. The
Notary Signing Agent may: - answer Recommend that the borrower
contact the lender's representative immediately before signing any more
documents
A borrower expresses concern that once he signs all the documents he will
be "stuck" with a second mortgage. A good response by a Notary Signing
Agent could be to: - answer Recommend that the borrower contact his
lender's representative and provide the phone number
Explaining to a borrower the fees that make up the Annual Percentage
Rate (APR) of a borrower's loan is: - answer Permissible if the Notary
Signing Agent has the breakdown of the fees
A borrower questions the amount of the "Notary/Signing Fee" appearing
on the settlement statement. The Notary Signing Agent should: - answer
Offer to call the closing agent to explain the fee
The best way to address a borrower's questions that the Notary Signing
Agent is not allowed to answer, is to - answer Make a list of the questions
to ask the contracting company before the end of the signing
One of the parties at a signing appointment asks a question regarding
their first payment due. How should the Notary Signing Agent respond? -
answer Direct the parties to read the information in the appropriate
document
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