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GUAM NOTARY EXAM

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Exam study book Notary Public Exam Prep New York of Angelo Tropea - ISBN: 9798686900202 (GUAM NOTARY EXAM)

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GUAM NOTARY EXAM ACTUAL EXAM 70 QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |AGRADE
What is the relationship between the notary and signer? - ANSWER: to authenticate
the signer's identity

You ______ need to be a US citizen.
You_______ need to be a CA resident. - ANSWER: You DO NOT need to be a US
citizen.
You DO need to be a CA resident.

Fine: No ID & Perjury - ANSWER: $10Gs
$10,000

Fine: fail to notify about name and address change - ANSWER: $500

Fine: for overcharging - ANSWER: $750

Fine: AWI-- advertising, willful, immigration - ANSWER: $1,500

Fine: thumbs and guns - ANSWER: $25 hunds
$2,500

cancelled check = - ANSWER: cancelled commission

Fine: Negligence, Overcharging, No Oath - ANSWER: "No No 7-5-0"
$750

What is the primary function of a notary? - ANSWER: to verify a signer's identity

The LIMITED FUND that the surety pays as a PUBLIC LIABILITY PROTECTION (also
known as the bond) is in the amount of - ANSWER: $15,000

The PUBLIC LIABILITY PROTECTION is purchased from a: - ANSWER: California
Admitted Surety Insurer

Whom does the bond protect? - ANSWER: The public

Who would be liable in a civil action? - ANSWER: The Notary AND the Surety (but the
Notary must reimburse the Surety)

What is a surety? - ANSWER: A person, such as a cosigner on a note, who agrees to
be primarily responsible for the debt of another.

,When you resign your commission, who MUST you notify? - ANSWER: The Secretary
of State

When your commission comes to an end, what must you do with your journals? -
ANSWER: Surrender them.
--To whom? -- County Clerk
--Within how many days? -- 30 calendar days

To whom do you surrender your journals to when your commission comes to an
end? - ANSWER: County Clerk

How many days do you have to surrender your journals to the county clerk when
your commission comes to an end? - ANSWER: within 30 calendar days

If you are renewing in a good standing what must you do with your journals? -
ANSWER: Keep them (you can use the same journal in your next commission)

You received your commission in the mail on 1-5-20. Your commission
commencement date is 1-1-20. When must your oath and bond be filed? - ANSWER:
January 31, 2020

May you notarize a signature on a document if you are named as a...
a. Vendee:
b. Mortgagor:
c. Principal to the transaction: - ANSWER: a. No
b. No
c. No

May you notarize a signature on a document if you are named as a...
Vendee? - ANSWER: No

May you notarize a signature on a document if you are named as a...
Mortgager? - ANSWER: No

May you notarize a signature on a document if you are named as a...
Principal to the Transaction? - ANSWER: No

Is it legal to notarize a document if acting in the capacity of an...
a. Attorney:
b. Insurer:
c. Employee: - ANSWER: a. Yes
b. Yes
c. Yes (as long as you do not directly benefit)

May you notarize a signature on a document if you are named as a...
Attorney? - ANSWER: Yes

, May you notarize a signature on a document if you are named as a...
Insurer? - ANSWER: Yes

May you notarize a signature on a document if you are named as a...
Employee? - ANSWER: Yes (as long as you don't directly benefit)

What is one reason NOT to notarize for your spouse? - ANSWER: Community
Property Laws

Jane Doe marries John Adeer, becoming Jan Doe-Adeer. What is the first thing she
must do for that name change? - ANSWER: a. File a name change application with
the Secretary of State.
b. She will also need to refile her bond and obtain a new seal.

a. Your boss moved her business to a new county. What MUST you do?
b. What MUST you do with your oath and bond? - ANSWER: a. Notify the secretary
of state
b. NOTHING... re-filling in the new county is optional for an address change

What is the fine if you fail to notify the Secretary of State of a name or address
change? - ANSWER: $500 fine (and a criminal infraction)

If a Notary dies, the personal representative must: - ANSWER: a. Notify the secretary
of state IMMEDIATELY.
b. Turn in journals to the county clerk within 30 DAYS.
c. DESTROY the seal.

If requested by a peace officer, how soon must you surrender your journal? -
ANSWER: IMMEDIATELY

How many days to notify the Secretary of State that you surrendered your journal? -
ANSWER: 10 DAYS

Failure to surrender your journal to a peace officer could result in a civil penalty of...
- ANSWER: $2,500

If your journal is seized by a peace officer, report the following info except which
one? (INPUT THE REST OF WHAT TO REPORT) - ANSWER: Personal representative's
name

If a journal is returned to you that has been surrendered to a peace officer, or has
been lost or stolen, can you use it? - ANSWER: No, you must start a new journal

If you lose your journal or if it is stolen, what's the first thing you need to do? -
ANSWER: IMMEDIATELY notify the Secretary of State.

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