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Rufina [12.5K]
2 years ago
6

A Notary Signing Agent wants to stand out from other NSAs by guaranteeing to borrowers and contracting companies that all of her

loan signings will take 30 minutes or less. This is:
a. Permissible as long as it is not stated as a guarantee
b. Permissible under the Notary Signing Agent Code of Conduct
c. Permissible only for reverse mortgage signing appointments
d. Prohibited under the Notary Signing Agent Code of Conduct
Social Studies
1 answer:
zavuch27 [327]2 years ago
5 0

Answer:

Answer is A. Permissible as long as it is not stated as a guarantee.

Explanation:

A notary signing agent is relatively part of a loan process officers but hired as an independent contractor in ensuring that the loan documents are attended to by the borrower, which will be returned on time after it has been notarized.

The notary signing agents are paid well , because the part they are handling is very crucial to the loan disbursement. This is because, it is only when the part has been completed that the loan will be funded.

The notary signing are prohibited in doing some things. These are

* They are not permitted to give legal advice

* They prohibited guaranteeing the duration or how long the loan signings will take.

In this case, they are permitted to give duration or how long the signings will take to the borrowers, only if he/she is not stating it as a guarantee.

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