Not all of our mortgages close at title companies. Our Loan Officers often meet with customers later in the day after the customer gets home from work, or on the week-end. When they meet customers in these types of situations, the Loan Officer acts as the Notary.
Just wondering how others will handle this type of situation. Take 2 employees to the closing, 1 to explain the mortgage, another to notarize it?
Illinois Senate Bill 2664 – Change in Requirements for Notaries
One of the several notable changes includes:
• Prohibits a Notary from explaining, certifying, or verifying the contents of any document; however, this prohibition shall not prohibit an attorney, who is also a Notary, from performing notarial acts for any document prepared by that attorney.