NSA Notary Signing Agent Exam
A Notary Signing Agent has been providing signing services with no incidents for over 10 years without having undergone a background
screening. Therefore he or she:
(Ans- Must still obtain and pass a background screening
A Notary Signing Agent with nearly 10 years experience has reviewed and is completely familiar with all the documents in a loan package. When
meeting with the borrower, the Notary Signing Agent may now:
(Ans- Present and state the general purpose of each document and how it must be signed
Why should a Notary Signing Agent learn about all the closing documents in a loan package if they are not allowed to provide advice or counsel?(Ans- To demonstrate to the contracting companies that the Notary signing Agent is competent to oversee a signing appointment
A Notary Signing Agent consistently follows the practice of obtaining borrowers' thumbprints in his or her journal, but is commissioned in a state that does not require journal thumbprints. A borrower has complied with all other notarization requirements, but objects to leaving her thumbprint in the journal. What should the Notary Signing Agent do?(Ans- Preform the notary
The Notarial Evidence Form is completed by (Ans- The Notary Signing Agent and returned to the contracting company
Notarial certificates on loan documents (Ans- Must be completed in the presence of the borrower
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During a signing appointment, a borrower asks the Notary Signing Agent if his loan rate is competitive. How should the NSA respond?(Ans- explain the to the borrower that a Notary Signing Agent is not permitted to discuss loan rates
A Notary Signing Agent regularly records all notarial acts performed at a
closing in a journal. This is considered:
(Ans- A practice required by the Code of Conduct
A borrower expresses a reluctance to continue signing documents. The
Notary Signing Agent may:
(Ans- Recommend that the borrower contact the lender's representative immediately before signing any more documents
A borrower expresses concern that once he signs all the documents he will be "stuck" with a second mortgage. A good response by a Notary Signing
Agent could be to:
(Ans- Recommend that the borrower contact his lender's representative and provide the phone number
Explaining to a borrower the fees that make up the Annual Percentage
Rate (APR) of a borrower's loan is:
(Ans- Permissible if the Notary Signing Agent has the breakdown of the fees
A borrower questions the amount of the "Notary/Signing Fee" appearing on
the settlement statement. The Notary Signing Agent should:
(Ans- Offer to call the closing agent to explain the fee
The best way to address a borrower's questions that the Notary Signing Agent is not allowed to answer, is to (Ans- Make a list of the questions to ask the contracting company before the end of the signing
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