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POA: Loan Officer Acting As Notary

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Question: 
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.
Answer: 

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

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