Posted by LisaWI on 10/16/09 5:10pm
Msg #307652

In Lender Instructions..........

it reads:
Notaries acknowledging the borrowers signatures may not have any financial relationship to the loan transaction other than being paid to notarize signatures.

Say what??!! My gosh on this particular loan in my state I would make a whole whopping $3 or $4 dollars!!

Has anyone ever seen this before?

Reply by Bob_Chicago on 10/16/09 5:49pm
Msg #307657

Not very well written, but seem to just be reciting basic

notary law, that a NP should not have a financial interest in the xtion beyond
notary (signing) fee . (EG . LO can not be the notary. )

Reply by MW/VA on 10/16/09 7:18pm
Msg #307665

Re: Not very well written, but seem to just be reciting basic

Yes, "financial interest" means you are not a party to the transaction on either side.
It does not mean getting paid for services. This is a common misconception.

Reply by Cari on 10/18/09 6:25am
Msg #307740

but can you imagine NOT getting paid because of that little

phrase...as an excuse.....which I really hope doesn't happen in this case...