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Posted by sisgnerbill on 7/25/11 1:35pm
It seems ironic that as one of the last lines of defense against fraud or manipulation of critical documents, Notaries are being treated as the ugly stepchild in the process. It will be interesting to see or read the stories as we start getting called into court for our signing actions. As the Real Estate / Mortgage market turns even uglier attorneys will be looking for every scapegoat they can find for their clients. You new Notaries and ones that think “I can make a quick buck by lowering my fees” need to read AND understand the documents that you are notarizing. You are on the hook!!! and by State Statute the fines can be significant. Aside from this the lender who may lose the most will take every action possible to recover their loss and the Notary gets to be part of this process as well. There is a reason that most all states now require bonding, insurance, background screening, and some training prior to testing. Signing companies hire scheduling and management types who have no clue as to what a Notary does or the responsibilities. None of them, or very few, are Notary Publics. Yet they seem to want to dictate your worth. Please take away from this that if there is trouble your $40 or $50 signing company has no responsibility to you… or for you. |
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