Posted by Procpose/MD on 10/28/06 11:47am
Msg #155772

Illegal Closers

I am in Maryland. I was just wondering if you closers in other states feel the stress of competing with people who are doing closings without having met the state requirements?

Reply by Roger_OH on 10/28/06 12:06pm
Msg #155776

The vast majority of states only require a notary commission. I know you have the TPL requirement in MD, and there have been many posts about companies using non-licensed people. Just as I would if it were a notary doing illegal acts here, I hope you will turn them in whenever you find them.

Reply by Arant19 on 10/28/06 2:06pm
Msg #155812

Hi Everyone!

What is a TPL. I know "L" has to be license correct? Please advise. Thanx

Reply by Sylvia_FL on 10/28/06 2:13pm
Msg #155813

TPL = Title Producers License n/m

Reply by Pamela on 10/28/06 12:21pm
Msg #155778

Procpose Re: Illegal Closers

In California, all notaries are commissioned via the
Secretary of State. Formal notarial training, a
background check and bonding is also mandated.

However, the title such as "loan signing agent" or "closer"
is not recognized by the state and therefore, there are
no state requirements or training for this activity.

Question:

Unless you are privy to inside information,
How would you know if someone is doing closings in Maryland,
without meeting state requirements?

And if they are, they should be immediately reported to
the appropriate regulatory agency (or agencies).

Pam

Reply by Scott_IN on 10/28/06 12:33pm
Msg #155785

TPL License is required in Indiana

I know of two people who did not get the TPL and they are still doing signings here. I have reveiwed documents at the County Recorders office with their signatures, dated after the new law went into effect. (Indiana TPL requirement took effect 7/1/06)

Reply by Pamela on 10/28/06 12:43pm
Msg #155789

Scott

Due to the illegal activities of these people,
(and once reported to the proper authorities)
how would this affect the mortgage documents?

Would they need to be re-drawn etc. . .?

Pam

Reply by DD/OR on 10/28/06 9:30pm
Msg #155871

Re: TPL License is required in Indiana

I'm just curious. What's involved in acquiring a Title Producers License? Thanks, DD

Reply by NCLisa on 10/28/06 8:18pm
Msg #155864

What state requirements? NC has none other than the Notary requirements.