Skip to content

POA: Loan Officer Acting As Notary

Answered by: 

We are located in Pennsylvania. The Power of Attorney laws changed January 1, 2015​,​ and now require our loan documents to be notarized when a confession of judgment clause is present. Many of our loan officers are notaries. Do you see a conflict if a loan officer who approved the loan also acts as the notary when documents are signed? Loan officers do not receive commissions.

I believe you will have to look to PA law re notaries for your answer. The notary is supposed to be independent of the transaction.

First published on 09/20/2015

Filed under: 
Filed under lending as: 
Filed under operations as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics