Loa Sig Test #6

A notary Signing Agent is asked to describe several of the loan terms at a signing appointment. The Notary Signing Agent may:

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:

The Certified Signing Specialist will not make exaggerated or excessive claims, promises or guarantees about the Specialist's services.

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.

The best way to address a borrower's questions that the Notary Signing Agent is not allowed to answer , is to:

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:

A borrower questions the amount of the "Notary/Signing Fee" appearing on the settlement statement. The Notary Signing Agent should:

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?

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?

The lenders representative calls the Notary Signing Agent prior to an assignment that afternoon to inform the agent that the borrower will be represented by a attorney in fact. This is considered:

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:

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.

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:

Solicitation of Outside Business The Certified Signing Specialist will not directly or indirectly solicit a signer for products or services other than as a Certified Signing Specialist or Notary Public at an appointment to provide signing services or any written, verbal or electronic communication in connection with the assignment.

The Notarial Evidence Form is completed by:

One of the parties at a signing appointment asks a question regarding their first payment due. How should the Notary Signing Agent respond?

Notarial certificates on loan documents:

A Notary Signing Agent regularly records all notarial acts performed at a closing in a journal. This is considered:

A Notary Signing Agent wants to stand out from other NSAs by guaranteeing to borrowers and contracting companies that all of her loan signings will take 30 minutes or less. This is:

Upon arrival to meet the borrower for a signing appointment, a Certified Notary Signing Agent must present.

Which of the following parties is permitted to view all entries in the Notary Signing Agent Notary journal?

Truth -in-Lending Disclosure: Federal law requires written disclosure of the terms of a mortgage by a lender to a prospective borrower within three business days of application. Discloses the following to the borrower: annual percentage rate finance charges amount financed total number of payments the amount of each payment associated with the loan

When confirming an appointment to sign documents with a borrower, the Notary Signing Agent should:

Drawing, providing, and recording documents are performed by

The Notary Signing Agent has commenced a loan signing with a borrower and the borrower's mortgage broker. The mortgage broker alone and all the documents signed. The Notary Agent should:

A Notary Signing Agent decides to expand his business by offering new services. With respect to advertising, the NSA should avoid:

What is Notarial Evidence Form?

A Notary Signing Agent and a borrower have finished signing documents and all tha is left to wrap-up the appointment is to check the documents for errors, but the NSA is already late for the next appointment. What should the Signing Agent do next?