It's a parallel scenario that's all. I don't mean to confuse you all with TMI.
If you want the SS to be held accountable to/by the CFPB, there needs to be a method whatever it is. The CFPB I don't feel will create a new method to track or vet SS for notaries and don't see a direct relationship to the customer. They don't really care and it's not for the 'direct benefit' of the consumer (the title of their agency).
You will need to point out that the problem is a consumer problem, not a notary problem.
You also need to find an expedient, perhaps already existing setup like the NMLS to make this happen.
On the other hand, crouching in the corner and hoping the boogieman doesn't find you (for electronic signings) is not being proactive. It will be too late and the CFPB won't care. They will see it as a positive for the consumer.
Deflect that by 'institutionalizing' the entire game and the government as usual, will build upon that. You will be locked in as full-on notaries.
Someone brought up, "what is the end goal?" That should be one of them.
The process that LOs go through should be a similar process for SS to go through, wouldn't you agree?
The problem is, what's sauce for the goose will become sauce for the gander. Expect that before you embark with the CFPB. Limits your choices.
My intention is not to discourage but to point out the difficult road ahead of you. Difficult but doable. Letter writing may be acknowledged by the CFPB, as mine was in your behalf (even pointing out that it was a consumer benefit), but it is just not that important to them.
Make it important! |
