Quarter 2004 • Volume III, 1
To better inform and educate our notaries across the
nation, NotaryPro's newsletter is published on a quarterly basis.
It celebrates the singularly most important company resource
notaries! We will illustrate our companys goals and objectives,
and in the process, be reminded of the opportunities and responsibilities
we share on a daily basis.
The Mission of NotaryPro is to provide our clients with timely and
accurate signings through our superior service, the latest technology,
and the most qualified and dedicated notaries nationwide.
of Security Instruments (Dower
Usually in a community property state such as California, it is
common for a lender to request the non-borrowing spouse to sign
security instruments only, even if the spouse is not on the loan.
The lender has the non-borrowing spouse sign the security instruments
to alert them that the borrowing party is placing a mortgage lien
on the property.
In a "community property" state, the property is considered to be
part of the joint assets (unless specified otherwise by law) and
therefore the lender must disclose to all parties that have interest
in the property.
What documents will need to be signed by the
The lender only requires 3-5 documents to be signed by the non-borrowing
spouse. These loan documents should already be pre-typed with both
party's names below the signature lines.
A notary should take care NOT to have the non-borrowing spouse
sign the entire loan document package. This would be incorrect
and a new set of documents would have to be re-signed. Security
instruments are considered to be:
The Deed of Trust/Mortgage
The Notice of right to Cancel
The Federal truth-in-lending disclosure statement (Has the boxes
The Itemization of amount financed
The Sect 32 document (If applicable)
I was told that the non-borrowing spouse would
have to sign the "security instruments" but their name is not pre-typed
on the documents. What should I do?
The best way to handle this is always to call into the NotaryPro
office for directions on how you should proceed. You may be instructed
to have the non-borrowing spouse sign the security instruments and
handwrite their name below the signature line. In any case, always
call the lender or signing service for instructions while you are
at the appointment.
notary public service with a database of over 12,000 loan signing
agents / mobile notaries nationwide. Conscientious customer service,
online status check for document signing orders, escrow and mortgage
services, and more.
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