Reply by Anonymous on 7/9/05 10:35am Msg #50747
Re: Patriot act form...OR
Or, you don't alter the document and you send the copies of the ID back WITH the package like you should have to do and they see the ID and being that they are the settlement agent, they sign. You are strictly a notary they are closing agent, settlement agent, etc.
jmo
|
Reply by PAW_Fl on 7/9/05 10:48am Msg #50748
Re: Patriot act form...OR
>>> You are strictly a notary they are closing agent, settlement agent, etc. <<<
You are **not** _strictly_ a notary. When you are doing loan signings, you wear TWO hats, one being a notary public and acting in that official capacity whenever you are notarizing a signature. However, the rest of the time, you are acting as a _Signing Agent_. When completing the identification forms, unless the borrowers sign them and you notarize their signatures, you are acting strictly as a Signing Agent, they eyes of the closing agent. If you need to sign the identification document, you should annotate the "title" as Signing Agent and not as a notary public, as notaries typically cannot certify these types of documents. (This may be different in some states, so check your state regulations, statutes and procedures for the definitive answer.)
Other than that, I certainly agree that you do not alter documents unless directed to do so (and you should make copious notes about that), and you are not the settlement agent, closing agent, settlement officer, title officer, lender or broker.
|