Posted by LeeA on 11/1/13 10:00am Msg #490823
Standard Code
Everyone is missing the bigger picture on the Script. It doesn't follow the law. The Til must be presented with the Note, they have the Til as one of the last documents to be presented.
The other thing do you think the Lenders will put these documents in this order of the Script. I think not. So we will have to re-arrange them, and you know what will happen we will get yelled at from the escrow officers because it won't be in the order they like.
I bet the people who are deciding the script have never done a closing, or disbursed a loan.
Its November 1, 2013 and things they are changing. I'm and old dog, and the changes I normally don't mind, but this time I do mind.
I had one of my title companies ask me the other day. Did I hear that they are going to require the Signing Agent to have a locked brief case. I said No I had not heard that one yet. But it would not surprise me.
|
Reply by walthtz on 11/1/13 10:06am Msg #490824
Prehaps we can get them to pay for the locked briefcase?
|
Reply by Laurie Manzanares on 11/1/13 10:10am Msg #490827
It is already a law in California to have Stamp and Journal locked up when not in use.
|
Reply by Notarysigner on 11/1/13 10:15am Msg #490828
Re: Standard Code New designation "Steford n/m
|
Reply by Notarysigner on 11/1/13 10:17am Msg #490830
meant to say "Stepford" notaries n/m
|
Reply by BrendaTx on 11/1/13 10:22am Msg #490832
Yep. So true. n/m
|
Reply by MW/VA on 11/1/13 2:51pm Msg #490913
I think description would be "robo-signers" and we all know
how much press they gave that one! hahahha ;-) LOL
|
Reply by Linda_H/FL on 11/1/13 10:29am Msg #490833
" It doesn't follow the law. The Til must be presented with the Note"
What law?
and IMO, locking briefcase should be standard equipment for any mobile notary - my stamp is in a locked banker's pouch, which is kept in a locked briefcase, and if I leave my vehicle without it the briefcase is in a locked trunk. Not saying it can NEVER get stolen (since we know where there's a will there's a way) but at least I've done my due diligence in making it as difficult as possible.
I'm just very sad to see that the *powers that be* felt that this "Standard Code" had to be issued at all. Hire those with a modicum of professionalism, knowledge and business sense and these things would never had had to be addressed as they have been. Also sad to see those *powers* falling for this crap.
JMO
|
Reply by Darlin_AL on 11/1/13 11:01am Msg #490846
Linda--Re: Standard Code
tr last para,that's 1 issue I covered in emails today to xyx & the "group"
|
Reply by Lee/AR on 11/1/13 11:14am Msg #490852
'powers' aren't falling for it; they're abdicating cuz it's
easier for them and to heck with us.
|