Notary services are becoming more and more commonplace as businesses learn about them. They provide a convenient way for a loan seller to take their loans to the buyer. What usually happens is an agent with a Notary Services will get the paperwork together about a loan (as example). They will then take the paperwork to the buyer and make sure everything is in order and that all the papers get signed.
By using this service a buyer is getting the convenience of having the paperwork brought to them. The seller isn’t having to worry about the paperwork themselves and has time to focus on more important issues.
Notarization is used with a mortgage when you buy a house. It’s also used with the deeds of a house and general contracts relating to anything. A lot of businesses use them to make their transactions run smoother and keep things safe for both sides.
A notary must be commissioned by the State Treasurer and will keep their appointments for a five year time frame. After the five year period they can get their appointments renewed if they have done a good job. Some requirements for become a notary include:
– You cannot become a notary if you have committed any crime regarding the first or second degrees or any crime relating to dishonesty.
– You must be 18 years of age or older.
– Applicants must live in the state or a surrounding state in which they plan to be a notary for.
A notary is authorized to do many things relating to legal matters. Some of these things are:
– They can give and take oaths and affirmations.
– Take proofs of deeds.
– Make protests regarding non-payments.
– Take acknowledgements.
It is very important that a notary be honest in their intentions. If a notary isn’t honest it can ruin the whole legal process and cause a lot of hassle for every party involved.