http://www.scc.virginia.gov/case/e-notice/ni150170.pdf
According to the XYZ, this will negatively impact you. I know that this isn't the place to put XYZ links, but this seems urgent. I haven't seen it posted here.
From their website:
Impact on Virginia NSAs
Under the proposal, anyone conducting a closing conference to sign real property documents and receiving funds would have to meet the licensing requirements for settlement agents. “Anyone” would include Notary signing agents.
Among the requirements, you would have to obtain:
--A license as a title insurance agent. To obtain a license, you’d have to take a pre-licensing course, pass the title examination and be appointed by a title insurance company.
--An errors and omissions insurance police of at least $250,000 per claim or occurrence;
--A fidelity bond of at least $100,000 per claim or occurrence; and
--A surety bond of at least $200,000.
Note: This proposed change has been bubbling since Nov. 9, 2015! It was totally under the radar. The deadline to provide your input is 2/16. Visit the XYZ link below for more info.
http://bit.ly/1PyC5iv
Okay - the link above is a link to an XYZ blog post. If you find it offensive, please report it, but I decided that no matter who was sending out this alarm, it needed to be posted in this forum.
|
| Messages in this Thread |
 |  Virginia Notary Signing Agents - Urgent -  BrendaTx on 2/9/16 1:33am |
|  OMG, is VA under siege? n/m - Lee/AR on 2/9/16 6:40am |
| Link to blog post not working for me... n/m - Lee/AR on 2/9/16 6:46am |
|  Re: Link to blog post worked for me n/m - Linda_H/FL on 2/9/16 7:28am |
| This isn't new. XYZ likes to raise this issue. VA does - MW/VA on 2/9/16 8:21am |
| Absolutely, MW, not a new "issue." Tnx n/m - Christine/OK on 2/9/16 8:43am |
| Ignore the XYZ link (although it is pretty spot on) - Linda_H/FL on 2/9/16 8:45am |
|  Yes, Linda, it's controversial. It's "x" that could apply - MW/VA on 2/9/16 9:24am |
|  Re: Yes, Linda, it...just a quick note - Linda_H/FL on 2/9/16 9:55am |
|  I don't think we can assume that the webcam notaries are - MW/VA on 2/9/16 11:21am |
| Look at the requirements--you have to be appointed by a - MW/VA on 2/9/16 11:24am |
| Re: Yes, Linda, it's controversial. It's "x" that could appl - MikeC/TX on 2/9/16 5:55pm |
| Mike, Exactly. We're on the same page. - BrendaTx on 2/9/16 6:13pm |
|  Re: Mike, Exactly. We - MikeC/TX on 2/9/16 6:41pm |
| I am not so sure - James Powell on 2/10/16 7:01am |
| Re: I am not so sure - MikeC/TX on 2/10/16 5:42pm |
| XYZ likes to create the need for their existence. n/m - jba/fl on 2/9/16 8:53am |
| Great! Good to know this isn't a problem. n/m - BrendaTx on 2/9/16 9:12am |
| Good to know this isn't a problem - NVLSlady/VA on 2/9/16 11:21am |
| Yes there is a problem see answer from SCC - CW2Ret/VA on 2/9/16 1:24pm |
| Re: Yes there is a problem see answer from SCC - FGX/NJ on 2/9/16 2:43pm |
| Re: Yes there is a problem see answer from SCC - CW2Ret/VA on 2/9/16 3:20pm |
| Re: Yes there is a problem see answer from SCC - JanetK_CA on 2/9/16 5:19pm |
| Yes. IMO they're trying to negate our role & push us out - MW/VA on 2/9/16 6:43pm |
| Just to add that I think it's one of those typical - MW/VA on 2/9/16 6:53pm |
| #witness only - NVLSlady/VA on 2/9/16 7:15pm |
| Re: #witness only - NVLSlady/VA on 2/9/16 7:20pm |
| Re: Virginia Notary Signing Agents - Urgent - NVLSlady/VA on 2/10/16 6:47am |
| Save your time and energy..the thing is - Linda_H/FL on 2/10/16 8:08am |
| Yes, it IS exhausting - NVLSlady/VA on 2/10/16 9:32am |
| Honestly? Someone needs to get them to look at the - Linda_H/FL on 2/10/16 9:37am |
| From Association of American Notaries today - Yoli/CA on 2/10/16 10:08am |
| VLTA's comments to Bill - anotaryinva on 2/10/16 10:54am |
| Re: VLTA....my question... - Linda_H/FL on 2/10/16 11:14am |
| Thanks for the link. Here's the exerpt that spells out - MW/VA on 2/10/16 11:16am |
| IMO the Commonwealth created this whole problem by not - MW/VA on 2/10/16 11:24am |
| always handed them sep envelope & label. - NVLSlady/VA on 2/10/16 12:05pm |
| From what I'm reading, you won't be able to ship it for - MW/VA on 2/10/16 12:15pm |
| Re: Thanks for the link. Here - vanot99 on 2/10/16 4:56pm |
| I left a comment opposing the proposed legislation & - MW/VA on 2/10/16 12:55pm |
| Re: Virginia Notary Signing Agents - Urgent - Joe Ewing on 2/10/16 4:29pm |
| Just an FYI about the Virginia rules' change... - BrendaTx on 2/11/16 7:14am |
| Re: Just an FYI about the Virginia rules - NVLSlady/VA on 2/11/16 11:35am |
| And when it is implemented across the board - NVLSlady/VA on 2/11/16 11:42am |
