Posted by lin on 8/4/05 1:56pm
Msg #56932
help
tell me if this is conflict of interest, my aunt and uncle are refinancing their house, i recommended a loan officer whom i work with and do signings for however, the deal was that I would do the signing when the time came, since they are my aunt and uncle and we have the same last name, is this considered conflict of interest.
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Reply by Charm_AL on 8/4/05 2:35pm
Msg #56947
what state are you in? Each state has their own notary laws. All I know is that universally you cannot notarize anything that you have a financial interest in. Not sure about relatives, you need to check your own state laws.
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Reply by lin on 8/4/05 2:36pm
Msg #56948
california
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Reply by TitleGalCA on 8/4/05 2:39pm
Msg #56952
If it were my aunt and uncle, and I had NO financial interest in their home purchase, whatsoever, I would be comfortable in signing them (in fact, my feelings would be hurt if they didn't ask me).
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Reply by LilyMD on 8/4/05 3:17pm
Msg #56965
I had a similar situation a while back. They were friends. I chose not to be involved because I didn't feel comfortable having that much of their financial information. I recommended another notary and they were not only pleased but seemed to appreciate it.
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Reply by Jenny/CA on 8/4/05 3:23pm
Msg #56969
I am thinking, is it not financial or beneficial interest? It is probably harder to prove that there is no beneficial interest if one is giving referrals to a comapny that usually provides signing jobs for that person. IMO
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