2024 NOTARY SIGNING AGENT CERTIFICATION EXAM /
NEWEST NOTARY SIGNING AGENT ACTUAL
CERTIFICATION EXAM 2024 REAL TEST QUESTIONS AND
CORRECT VERIFIED ANSWERS (A NEW UPDATED
VERSION) |ALREADY GRADED A+ (BRAND NEW!!)
1003 - Uniform Residential Loan Application - ANSWER: Standard form completed by
borrowers when applying for a mortgage loan. A borrower lists all assets and
liabilities on the form, also includes a section for income, including two years of
employment history and monthly household income.
ACKNOWLEDGEMENT - ANSWER: Formal declaration before a public official that one
has signed a document prior to recording real estate documents, such as grant deeds
and deeds of trust, a Notary Public acknowledges the persons signature on the
document. Most documents that require notarization contain the acknowledgement
on the document. Sometimes the notary will have to attach a separate
acknowledgment to a document.
ALLONGE - ANSWER:
APR - ANSWER: Annual Percentage Rate: describes the interest rate for a whole year
(annualized), rather than just a monthly fee/rate, as applied on a loan, mortgage
loan, credit card, etc. It is a finance charge expressed as an annual rate. APR has
been called the "mathematically-true" interest rate for each year
ARM: Adjustable Rate Mortgage - ANSWER: A mortgage where the interest rate is
not fixed for the life of the loan. These mortgages adjust periodically based on an
index that changes with the market conditions.
Amortization - ANSWER: the reduction of a loan balance through payments made
over a period of time. reduce or pay off (a debt) with regular payments.
Borrower (Mortgagor) - ANSWER: One who applies for and receives a loan in the
form of a mortgage with the intention of repaying the loan in full.
CERTIFICATE OF ACKNOWLEDGMENT - ANSWER: Ensures that the signer of the
document is indeed the person named in the document.
JURAT - ANSWER: An attached written statement of the notary public that the Oath
or Affirmation was taken before the notary public. Must contain certain information.
i) It must contain the State and County where the document is executed. ii) The date
of execution iii) The names of the signing party(s). iv) It must also contain the printed
name and signature of the notary public v) The seal (stamp) of the notary public vi)
The expiration date of the notary public's commission.
, OATH - ANSWER: A promise that one is making a true and correct statement to the
best of their knowledge. i) Ask the signer to attest to the truth of the information
given.( Accuracy) ii) Ask the signer to attest to the truthfulness of who they are.
(Identity) iii) Ask the signer to attest that they did not make any false statements
(Truth)
AFFIRMATION - ANSWER: An oral or written declaration made by a person who has
an objection to taking Oaths, certifying under the penalty of perjury the declarations
are true. CONTENTS i) They must contain the State and County where the document
is executed. ii) The date of execution iii) The names of the signing party(s). iv) It must
also contain the printed name and signature of the notary public v) The seal (stamp)
of the notary public vi) The expiration date of the notary public's commission.
Typical Oath - ANSWER: "Do you solemnly swear that any statements made when
signing this document are TRUE to the best of your knowledge and belief so help me
God?"
Typical Affirmation - ANSWER: "Do you solemnly, sincerely and truly declare and
affirm that the statements in this document are true and accurate to the best of your
knowledge and belief, and this you do under the penalties of perjury?"
Notarized document - ANSWER: There are several items that must be included on
the document in order to be notarized. i) The name of the signer must be typed,
printed or stamped below the signature line. ii) The signature must match the name
of the signer on the documents iii) The printed names of any witness(s) is to be
printed under their signature line iv) And the notary's printed name must appear
below their signature line as well..
Affidavit - ANSWER: written statement made under oath
NBS - NON BORROWING SPOUSE DOCUMENTS - ANSWER: is a spouse who is on the
title to the property. However the credit or employment of this spouse was not
taken into consideration when processing the loan so they are not obligated on the
loan. They will NOT be signing the Note, the 1003 or most of the documents. 1.
Mortgage or Deed of Trust 2. All Riders attached to the Deed of Trust or Mortgage. 3.
Truth in Lending Disclosure 4. Notice of Right to Cancel
Power of attorney - ANSWER: a legal document authorizing someone to act on your
behalf. If the grantor is John Doe, and the attorney in fact is Sally Smith, here is how
Sally signs on behalf of John. (1) John Doe, by Sally Smith, his attorney in fact (2) Sally
Smith, as attorney in fact for John Doe (3) Initials: jd by ss AIF or jd by ss atty in fact
(4) Initials: ss aif for jd or ss atty in fact for jd. The title company is responsible for
verifying its validity and the lender to accept it.
RESCISSION - ANSWER: termination of contract. borrower's right to cancel a loan
within 3 business days after the date of signing their loan documents. Every state
NEWEST NOTARY SIGNING AGENT ACTUAL
CERTIFICATION EXAM 2024 REAL TEST QUESTIONS AND
CORRECT VERIFIED ANSWERS (A NEW UPDATED
VERSION) |ALREADY GRADED A+ (BRAND NEW!!)
1003 - Uniform Residential Loan Application - ANSWER: Standard form completed by
borrowers when applying for a mortgage loan. A borrower lists all assets and
liabilities on the form, also includes a section for income, including two years of
employment history and monthly household income.
ACKNOWLEDGEMENT - ANSWER: Formal declaration before a public official that one
has signed a document prior to recording real estate documents, such as grant deeds
and deeds of trust, a Notary Public acknowledges the persons signature on the
document. Most documents that require notarization contain the acknowledgement
on the document. Sometimes the notary will have to attach a separate
acknowledgment to a document.
ALLONGE - ANSWER:
APR - ANSWER: Annual Percentage Rate: describes the interest rate for a whole year
(annualized), rather than just a monthly fee/rate, as applied on a loan, mortgage
loan, credit card, etc. It is a finance charge expressed as an annual rate. APR has
been called the "mathematically-true" interest rate for each year
ARM: Adjustable Rate Mortgage - ANSWER: A mortgage where the interest rate is
not fixed for the life of the loan. These mortgages adjust periodically based on an
index that changes with the market conditions.
Amortization - ANSWER: the reduction of a loan balance through payments made
over a period of time. reduce or pay off (a debt) with regular payments.
Borrower (Mortgagor) - ANSWER: One who applies for and receives a loan in the
form of a mortgage with the intention of repaying the loan in full.
CERTIFICATE OF ACKNOWLEDGMENT - ANSWER: Ensures that the signer of the
document is indeed the person named in the document.
JURAT - ANSWER: An attached written statement of the notary public that the Oath
or Affirmation was taken before the notary public. Must contain certain information.
i) It must contain the State and County where the document is executed. ii) The date
of execution iii) The names of the signing party(s). iv) It must also contain the printed
name and signature of the notary public v) The seal (stamp) of the notary public vi)
The expiration date of the notary public's commission.
, OATH - ANSWER: A promise that one is making a true and correct statement to the
best of their knowledge. i) Ask the signer to attest to the truth of the information
given.( Accuracy) ii) Ask the signer to attest to the truthfulness of who they are.
(Identity) iii) Ask the signer to attest that they did not make any false statements
(Truth)
AFFIRMATION - ANSWER: An oral or written declaration made by a person who has
an objection to taking Oaths, certifying under the penalty of perjury the declarations
are true. CONTENTS i) They must contain the State and County where the document
is executed. ii) The date of execution iii) The names of the signing party(s). iv) It must
also contain the printed name and signature of the notary public v) The seal (stamp)
of the notary public vi) The expiration date of the notary public's commission.
Typical Oath - ANSWER: "Do you solemnly swear that any statements made when
signing this document are TRUE to the best of your knowledge and belief so help me
God?"
Typical Affirmation - ANSWER: "Do you solemnly, sincerely and truly declare and
affirm that the statements in this document are true and accurate to the best of your
knowledge and belief, and this you do under the penalties of perjury?"
Notarized document - ANSWER: There are several items that must be included on
the document in order to be notarized. i) The name of the signer must be typed,
printed or stamped below the signature line. ii) The signature must match the name
of the signer on the documents iii) The printed names of any witness(s) is to be
printed under their signature line iv) And the notary's printed name must appear
below their signature line as well..
Affidavit - ANSWER: written statement made under oath
NBS - NON BORROWING SPOUSE DOCUMENTS - ANSWER: is a spouse who is on the
title to the property. However the credit or employment of this spouse was not
taken into consideration when processing the loan so they are not obligated on the
loan. They will NOT be signing the Note, the 1003 or most of the documents. 1.
Mortgage or Deed of Trust 2. All Riders attached to the Deed of Trust or Mortgage. 3.
Truth in Lending Disclosure 4. Notice of Right to Cancel
Power of attorney - ANSWER: a legal document authorizing someone to act on your
behalf. If the grantor is John Doe, and the attorney in fact is Sally Smith, here is how
Sally signs on behalf of John. (1) John Doe, by Sally Smith, his attorney in fact (2) Sally
Smith, as attorney in fact for John Doe (3) Initials: jd by ss AIF or jd by ss atty in fact
(4) Initials: ss aif for jd or ss atty in fact for jd. The title company is responsible for
verifying its validity and the lender to accept it.
RESCISSION - ANSWER: termination of contract. borrower's right to cancel a loan
within 3 business days after the date of signing their loan documents. Every state
