The Importance of Using A Notary Public Up-To-Date on Notary Laws
Recently I notarized a special power of attorney in Santa Clara, California with a homeowner. The power of attorney notary wording in the acknowledgement was out-of-date. If I used it the lender may have rejected it, which would delay the closing of purchasing their property. She was scheduled to leave town the next day. The following day loan documents for the purchase of their new house would be signed by her attorney in fact in another county at the escrow/title office. The seller, the movers and the borrowers were operating with the property closing on a specific date.
If I used the out-of-date notary acknowledgement and the lender rejected the power of attorney, there may have been some delay with the loan document execution. I would have to hand deliver the executed notary acknowledgement to their office immediately. If I was unable to hand deliver it immediately, there would be a delay in the closing of the property which would add more stress to the seller and borrowers by changing scheduled dates for items such as insurance, movers and utilities. In addition, there would be additional costs such as interest for the borrowers. There may be other costs involved.
In a different situation, I have seen this occur where another notary executed a power of attorney using the outdated notary acknowledgement. The bank rejected it because of the out-of-date notary acknowledgement. I was called to re-notarize the power of attorney using the correct notary acknowledgement. The additional stress is unfortunate when this happens to people, as usually they are already experiencing a lot of stress with why the person signing the power of attorney is unable to manage or handle financial themselves.
I am a member of the National Notary Association which keeps me up-to-date on new notary laws through their monthly publications. I am also a member of Notary Rotary, 123Notary.com and Golden State Notary which also keep me up-to-date on notary laws and industry changes. They also have notary forums where notaries from around the country share and discuss notary public matters. These organizations are focused on providing notary public education, supplies and platforms for notary publics to grow professionally.
When you have important documents such as a power of attorney requiring notarization, do you have a knowledgeable notary public you can call?
Join my Facebook Fan Page www.Facebook.com/ChampionMobileNotary to learn more about the daily happenings of a mobile notary public & loan signing agent in the San Francisco Bay Area Peninsula and South Bay and Silicon Valley.
cathy
Call Me At: (650) 290-3550 or (408) 355-3700
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Matthew PrykeMATTHEW@MDPRYKE-NOTARY.COM
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Winston Churchill is often quoted as describing the USA and the UK as being ‘two nations divided by a common language’. While I hope that this division is now less pronounced than it was in the 1940’s, I often find that US citizens approaching UK Notaries Public are surprised to find not only that the cost of Notarial work in the UK is substantially higher than in the USA, but also the procedures to be far more complex than they expected.
I hope that this brief guide to UK Notary procedures will clarify some of the reasons for this common misconception.
Legal qualifications required to practice as a UK Notary
Most notaries public in the UK also practice as a solicitor or barrister. It is possible, although quite rare to be a qualified notary without being a lawyer first but it does require passing strict legal qualifications.
Length of commission
A UK notary is qualified for an indefinite period (subject to the issuing of an annual practicing certificate by the Faculty Office). Consequently the concept of a commission expiring does not apply to UK notaries.
Verification requirements
A UK notary is required to identify the individual via two forms of identification (both of which must comply with money laundering regulations) and then is required to determine matters such as authority to sign (for example in the case of a company if this is a director or individual that has been authorized via a board resolution).
Further, a UK Notary Public must determine the knowledge and understanding of the individual signing the document. This is particularly important for foreign documentation which may be in alternative languages. Finally a notary is required to ensure that the document is executed in a manner which meets the legal requirements for the document involved (e.g power of attorney being signed in the presence of a witness.)
Notarization process
UK Notaries have a steel bespoke stamp which is usually embossed on to the page of the notarization
In addition most notaries will rivet and usually tie with ribbon the document which they notarize to ensure that the notarized document is complete with no pages being able to be moved in or out of the document after notarization.
Legal status of UK Notaries
UK Notaries are deemed to be Public Officials. Therefore documents which have been notarized by a UK Notary Public can then be legalised either through the Foreign and Commonwealth office by adding an apostille or alternatively via various UK embassies recording and acknowledging the public function carried out by a notary.
Typical fees charged by UK Notaries
UK notaries are required by the Notary rules to charge a reasonable fee which is appropriate for the services undertaken. As a consequence most UK notaries will charge a fee per document of somewhere between £60-£120.
Legal protection and Insurance
UK Notaries Public are bound by a duty of care and are therefore required to carry a minimum level of £750,000 of professional indemnity cover. In reality most UK notaries will carry several million pounds worth of professional insurance.
Further information
For further information on any aspect of how UK Notary practices differ from their US counterparts, please contact Matthew Pryke via http://www.mdpryke-notary.com
Matthew Pryke is a fully qualified UK notary Public and Head of Intellectual Property and Corporate Law at Wallace LLP – a London legal practice.
Cathy
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Matthew, thank you for sharing and giving us insight on notary public’s in the UK.
Notary Public Supplies
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Thanks for the information….:-)
Cathy
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Notary Public Supplies: You are welcome. Thank you for your post.