Loa Sig Test 6 with complete solution
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 ...
Loa Sig Test 6 with complete solution
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 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.
While on the way to a signing, a Notary Signing Agent realizes that the location is
outside his normal territory and he should have negotiated a higher travel fee.
The most appropriate action the NSA should take is to:
Negotiate a higher travel fee for the next assignment in that area.
A borrower questions the amount of the "Notary/Signing Fee" appearing on the
settlement statement. The Notary Signing Agent should:
Recommend that the borrower contact the lender's representative before signing the
documents.
Acme Direct Funding's loan package contains an additional acknowledgement
certificate with instructions for the Notary Signing Agent to sign and affix a seal
impression and return the certificate with completed documents. Which of the
following is he best course of action for the agent to take?
Refuse to sign and seal the Acknowledgement certificate.
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
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