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Georgia & SC
Notary Discussion History
 
Georgia & SC
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Posted by Ronald Philbrick on 11/9/05 12:16pm
Msg #75404

Georgia & SC

Is there any movement in GA & SC to allow Notaries to close loans?

Reply by Scott McCormick on 11/9/05 1:32pm
Msg #75454

I dont think there has been. As far as I know they are both attorney states

Reply by Anonymous on 11/9/05 6:56pm
Msg #75524

I am a recruiter for SS in an attorney state. You can do signings as a notary in GA and SC, if the property is in another state, you can also be commissioned for other states and do signings in your state; or you can be an accomodation signer for Fee Attorneys, or Title companies, if you sign in their office with a licensed attorney present to answer any questions the borrower may have regarding the documents.

A title company failed to dispurse funds properly in SC, so SC UPL Board, says it is unauthorized practice of law(UPL) for anyone other than a licensed SC attorney to disburse funds, hence no equity loan signings for notaries. GA and Berkley/Jefferson County of WV seem to follow SC lead.


Reply by Lawyer_GA on 11/11/05 7:53pm
Msg #76039

Don't believe everything you read... To close a loan in Georgia, you MUST have a Georgia Bar license. Even if you are a notary only -- and merely notarize the documents in the Attorney's office in Georgia -- you cannot be said to have closed the loan. The Attorney must be PHYSICALLY PRESENT at a Georgia closing, and he or she must carry out the job of "explaining" the documents, not the notary. There are no exceptions to this rule according to the State Bar of Georgia. If there are signing company representatives out there stating anything to the contrary, they are doing so in ignorance of the law in this State.


 
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