Common Notarial Documents Flashcards
7 cards from real ND NOTARY practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Common Notarial Documents flashcards as text
A North Dakota notary is asked to notarize an 'assignment of mortgage.' What is this document used for?
Answer: Transferring the lender's interest in a mortgage to a new lender or investor
An assignment of mortgage transfers the original lender's rights and interest in the mortgage to a new party, such as when loans are sold to investors.
When notarizing a North Dakota affidavit of heirship, what is the notary verifying?
Answer: The identity of the affiant and that they signed and swore to the document voluntarily
The notary verifies the affiant's identity and administers an oath, but does not verify the truth of the heirship claims made in the affidavit.
A real estate closing involves a 'HUD-1 Settlement Statement' or 'Closing Disclosure.' When a North Dakota notary is asked to notarize signatures on these forms, what notarial act is typically performed?
Answer: Acknowledgment of the borrower's signature
Borrowers typically acknowledge their signatures on closing disclosure documents, confirming they signed the documents freely and voluntarily.
A North Dakota notary is asked to notarize a 'mechanic's lien.' Who typically signs this document?
Answer: The contractor or material supplier who is owed payment
A mechanic's lien is filed by a contractor, subcontractor, or supplier who has not been paid for work or materials provided on a property.
What is a 'satisfaction of mortgage' document, and what notarial act does it typically require in North Dakota?
Answer: A lender-signed document confirming the loan is paid off; typically requires acknowledgment
A satisfaction of mortgage is signed by the lender to confirm the loan is fully paid, and the lender's signature is typically acknowledged before a notary.
A signer brings a 'release of lien' to a North Dakota notary but the document names a different person as the lien holder than the signer. What should the notary do?
Answer: Confirm the signer has authority to act on behalf of the named lien holder before proceeding
If the signer is not the named party, the notary should verify the signer has authority (such as corporate officer status or power of attorney) to sign on behalf of the named lien holder.
Which of the following documents would a North Dakota notary most likely be asked to notarize in connection with a small business sale?
Answer: Bill of sale for business assets and equipment
A bill of sale transferring ownership of business assets and equipment commonly requires notarization to authenticate the seller's signature.