NSA Notarial Procedures 3

Question 1

The Closing Disclosure (CD) must be provided to the borrower at least how many business days before loan consummation?

Accepted Answer

3 business days

Answer

Under TRID rules (RESPA/TILA), the Closing Disclosure must be delivered at least 3 business days before closing.

Question 2

When a notary performs a copy certification, they are certifying that:

Accepted Answer

The copy is a true and accurate reproduction of the original document

Answer

A copy certification attests that a photocopy is an accurate reproduction of an original document the notary has personally compared.

Question 3

If a borrower refuses to sign the Notice of Right to Cancel, the notary should:

Accepted Answer

Note the refusal in the journal, do not notarize, and report to the signing company

Answer

The notary should document the refusal, decline to notarize, and report the situation to the hiring company — never pressure or sign for a signer.

Question 4

Which act describes the notary's responsibility to verify the identity of all parties signing a loan document?

Accepted Answer

USA PATRIOT Act

Answer

The USA PATRIOT Act imposes identity verification requirements to prevent money laundering and fraud in financial transactions, affecting notarial practices.

Question 5

A notary seal impression that is smudged and illegible should be:

Accepted Answer

Corrected by placing a new impression nearby on the same document

Answer

If the initial seal impression is unreadable, the notary should apply a clear, legible impression in a nearby space on the same document.

(NSA) Notary Signing Agent Certification Practice Test

(NSA) Notary Signing Agent Certification Practice Test

NSA Notarial Procedures 3