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Posted by  Les_CO on 7/29/11 2:23pm
As many have said most of this is really not our job, but as a NSA it’s nice to know. I really don’t plan on working as a notary in another State, and sometimes it’s very difficult to find the exact law or rule, and why or who thought it up. I know there is some regulation in Texas stating that if the borrower gets any cash out of a HELOC the signing must be done in a title company or attorney’s office? Who thought that up? Is that a RE rule, or a lending rule, insurance rule, or a UPL rule? I’ve (in the past) done many signings for Hilton on FL properties and don’t recall seeing a buyers affidavit, but the buyers we here, and not in FL, and I’ve been known to forget stuff. In MD and IN the closers need a TPL. In VA if any cash (money) is involved in the transaction the persons doing the signing must be CRESPA approved? Surly these aren’t RE laws? Probably something from the insurance regulators or consumer protection, or who knows.
As the OP asked I don’t think in these circumstances (property out of State, buyer signing a few docs) that an attorney need be involved…but as others have said it’s Titles call not ours. JMO
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