Posted by Art_MD on 3/1/06 8:20pm
Msg #101160

a new form to me...

Did a closing where the last doc was a "notorial Acknowledgement".

It said:

The following notary applies to the following documents:
Promissory Note, Disclosure statement, agreement to provide insurance, notice of insurance requirement, dispursement request and authorization, notice of right to cancel customer profile"

Then the standard acknowlegement wording and signature spaces plus the notary section.


Anyone run int something like this before?

Art

Reply by Art_MD on 3/1/06 8:22pm
Msg #101162

Re: a new form to me... also..

After the into verbage, ..

"In witness whereof, the borrower has caused this acknowledgement to be duly executed before Notary Public as of the dates set forth herin below"

Art

Reply by Genkichan on 3/1/06 9:23pm
Msg #101203

Re: a new form to me... also..

Very interesting Art. I've never seen that before. I recommend checking with the SOS of MD to determine if you can do a blanket notorial act for several documents. I've never needed to ask. Please let us all know what comes out of it. I personally suspect that you need a separate acknowledgement for each and every doc that they want notarized.

Reply by Rick_NY on 3/2/06 8:30am
Msg #101298

Never had to notarize a promissory note. n/m

Reply by PAW on 3/2/06 8:40am
Msg #101305

Re: Never had to notarize a promissory note.

The only Notes that I know of that need to be notarized are for Virginia property. There is a special form of notarization that VA notaries do and it becomes very confusing for non-VA notaries to comply.

Reply by RickinVA on 3/2/06 10:10am
Msg #101343

Re: Never had to notarize a promissory note.

Paul, please be more specific. This is the wording on an ARN and seems to be relatively generic.

"This is to certify that this is the note decribed in and secured by the deed of trust dated
on the property located in ,Virginia


My commission expires:

________________
Notary Public
(I tried to copy it from a .pdf file but it copied as an image. Couldn't paste it here.)

Rick

Reply by PAW on 3/2/06 11:28am
Msg #101375

Re: Never had to notarize a promissory note.

Yes, that's the wording we see. Most states do not allow a notary to "certify" information, thus it presents a major problem to notaries in those states. I was told to have the borrowers sign beneath the statement (as well as on the standard signature line), and then use a standard acknowledgment. I don't know if it flew or not, but I haven't heard anything about the few that I've done in the past.