Posted by Treva Waller on 10/26/09 12:28pm
Msg #308672

accepting escrow checks for closings in Virginia

I am a new notary and have been told by a more experienced notary that we are not allowed to handle money at loan closings in Virginia. I have searched the handbook for Va. and the internet and have not been able to find anything on the subject. The signing companies have been asking me to collect the monies owed the banks for the refinances. Does anyone have any info on this subject?

Reply by Linda_H/FL on 10/26/09 12:32pm
Msg #308674

Is this the CRESPA certification required in VA? n/m

Reply by Treva Waller on 10/26/09 12:40pm
Msg #308675

Re: Is this the CRESPA certification required in VA?

thank you, I believe that might be it.

Reply by CopperheadVA on 10/26/09 12:43pm
Msg #308676

Re: Is this the CRESPA certification required in VA?

Do a search on this website for CRESPA - this has been discussed before and I'm sure the past posts will be helpful to you.

Reply by MW/VA on 10/26/09 2:43pm
Msg #308703

Technically, we're not supposed to be handling checks. It's complicated & been discussed before, as someone has already pointed out.

Reply by MW/VA on 10/26/09 2:46pm
Msg #308706

I sent you a P/M.