Posted by Hart - Marilyn on 10/13/13 6:55pm Msg #487981
Title Producers License
Does anyone know what states other than Maryland that require Title Producers License?? Thanks
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Reply by MW/VA on 10/13/13 6:57pm Msg #487983
I think Indiana does. There are those who will tell you
that VA and DC also do. There are many of us operating in VA without it.
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Reply by Hart - Marilyn on 10/13/13 7:00pm Msg #487985
Re: I think Indiana does. There are those who will tell you
Here in Maryland we can't do a closing without it. Very costly too!! Another state only out for the $$
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Reply by MW/VA on 10/13/13 7:50pm Msg #487989
I understand that & it might not be a bad thing. It might
keep down the no. of those who are qualified. I'm curious--are you all getting the "mandatory" NNA cert/bgc thing in MD, too? It would seem really ludicrous with a TPL.
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Reply by Linda_in_IN on 10/13/13 9:25pm Msg #487998
Marilyn, Indiana does require TPL if you are going to work as a notary doing closings. You don't need it for GNW, but the fee for GNW in IN is only $2/signature. And mileage compensation is not specifically mentioned in the fee legislation. So when I asked, I was told by SOS that a fee for "reasonable mileage" is allowed. Additionally, after every closing--in an effort to cut down on mortgage fraud--Indiana requires the notary involved to complete an online form with details of the closing. If you don't complete the form, you are subject to fines and other consequences.
To maintain TPL, you are required to take CEU classes within the two years your license is active. Total outlay for me for the TPL to get going as a notary in IN was about $200, which included $199 for the pre-certification class plus an application fee.
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Reply by Hart - Marilyn on 10/14/13 8:37am Msg #488025
Thank you for the info. We have to renew every 2 years, take 16 credit hours as well. The state test was a bear when I took it in 2003. I have been in this business since 1996 first mortgages... then I switched to title in 2003. Either way it can be a tough business,!! lol Have a nice day!!
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Reply by Alice/MD on 10/16/13 11:32am Msg #488318
I agree Marilyn. This is a tough business when we are expected to lower our fee to the same as other states who is not have the same expense.
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