Posted by TacomaBoy on 2/28/13 8:05pm
Msg #458608

Premier Reverse Closings

WoW! PRC appears to be a "Top Notch" company. However, within their Notary Packet is a demand that notaries carry a $500,000 E&O policy. Really? I usually carry only $100,000. How many NotRotters are carrying the $500,000+ amounts of E&O?

Reply by MW/VA on 2/28/13 8:07pm
Msg #458609

I've never seen that. What's with the $500K E&O? That's usually the amts. tc's carry, not notaries. I don't ever plan to carry that much E&O.

Reply by TacomaBoy on 2/28/13 8:19pm
Msg #458613

Premier Reverse Closings

I've taken a closer look at the Notary Packet requirements. It seems the $500,000 E&O might be referring to SC requirements, because there is E&O language referring to "notary signing coordination companies"?

Reply by Linda_H/FL on 2/28/13 8:35pm
Msg #458618

I just updated my info with them - they require $100,000 E&O

Reply by TacomaBoy on 2/28/13 8:44pm
Msg #458621

Premier Reverse Closings

Thanks! I'm sure my $100,000 E&O will suffice, as I do not operate as a SC.

Reply by TacomaBoy on 2/28/13 9:09pm
Msg #458632

Premier Reverse Closings

Thanks! I'm sure my $100,000 E&O will suffice, as I do not operate as a SC.