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1 Question Notes Printed on: 12/24/2020. Learner: Hailey M Edmonson Test Name 2020 notary Signing Agent Completion Date 2020-12-24T13:25:12. Certification Exam Score of ( ) Timespent 00:50:35. Result Passed Question Result / Notes Order Name Score Notes 1 Select the best answer: A notary Signing Agent has been providing signing services with no incidents for over 10 years without having undergone a background screening. Therefore he or she: 2 Select the best answer: A notary Signing Agent with nearly 10 years experience has reviewed and is completely familiar with all the documents in a loan package. When meeting with the borrower, the notary Signing Agent may now: 3 Select the best answer: Why should a notary Signing Agent learn about all the closing documents in a loan package if they are not allowed to provide advice or counsel?

2 4 Select the best answer: A notary Signing Agent consistently follows the practice of obtaining borrowers' thumbprints in his or her journal, but is commissioned in a state that does not require journal thumbprints. A. borrower has complied with all other notarization requirements, but objects to leaving her thumbprint in the journal. What should the notary Signing Agent do? 5 Select the best answer: The Notarial Evidence Form is completed by: 6 Select the best answer: Notarial certificates on loan documents: 7 Select the best answer: During a signing appointment, a borrower asks the notary Signing Agent if his loan rate is competitive. How should the NSA respond? 8 Select the best answer: A notary Signing Agent regularly records all notarial acts performed at a closing in a journal.

3 This is considered: 9 Select the best answer: A borrower expresses a reluctance to continue signing documents. The notary Signing Agent may: 10 Select the best answer: A borrower expresses concern that once he signs all the documents he will be "stuck" with a second mortgage. A good response by a notary Signing Agent could be to: 11 Select the best answer: Explaining to a borrower the fees that make up the Annual Percentage Rate (APR) of a borrower's loan is: Question Notes Printed on: 12/24/2020. Order Name Score Notes 12 Select the best answer: A borrower questions the amount of the notary /Signing Fee appearing on the settlement statement. The notary Signing Agent should: 13 Select the best answer: The best way to address a borrower's questions that the notary Signing Agent is not allowed to answer, is to 14 Select the best answer: One of the parties at a signing appointment asks a Question regarding their first payment due.

4 How should the notary Signing Agent respond? 15 Select the best answer: A borrower asks the notary Signing Agent for the contact information for the closing agent and the lender's representative. The notary Signing Agent should respond by: 16 Select the best answer: A notary Signing Agent is asked to describe several of the loan terms at a signing appointment. The notary Signing Agent may: 17 Select the best answer: If during the signing appointment the borrower divulges that the property being financed is an investment property, while the loan papers indicate it is for a primary residence, the notary Signing Agent should: 18 Select the best answer: The notary Signing Agent has commenced a loan signing with a borrower and the borrower's mortgage broker.

5 The mortgage broker asks to speak in private with the borrower for a few minutes. The notary Signing Agent returns to find the mortgage broker alone and all the documents signed. The notary Signing Agent should: 19 Select the best answer: If the Mortgage/Deed of Trust contains the phrase See Exhibit A in the section of the document containing the property's legal description: 20 Select the best answer: Acme Direct Funding's loan package contains an additional acknowledgment certificate with instructions for the notary Signing Agent to sign and affix a seal impression and return the certificate with the completed documents. Which of the following is the best course of action for the agent to take? 21 Select the best answer: The lender's representative calls the notary Signing Agent prior to an assignment that afternoon to inform the agent that the borrower will be represented by an attorney in fact.

6 This is considered: 22 Select the best answer: A borrower has asked the notary Signing Agent to email him copies of the loan documents. How should the NSA respond? 23 Select the best answer: Which of the following parties is permitted to view all entries in the notary Signing Agent notary journal? Question Notes Printed on: 12/24/2020. Order Name Score Notes 24 Select the best answer: A notary Signing Agent is running behind schedule and does not want to be late for an assignment. The agent's spouse volunteers to download and print the copies of the closing documents. How should the notary Signing Agent respond? 25 Select the best answer: A notary Signing Agent shows up to an assignment only to discover it has been rescheduled at the last minute for the following day.

7 What is the agent required to do with the documents? 26 Select the best answer: The SPW's Code of Conduct strictly prohibits notary Signing Agents from: 27 Select the best answer: While on the way to a signing appointment, a notary Signing Agent realizes that the location is outside his normal territory and he should have negotiated a higher travel fee. The most appropriate action the NSA should take is to: 28 Select the best answer: A notary Signing Agent wants to stand out from other NSAs by guaranteeing to borrowers and contracting companies that all of her loan signings will take 30 minutes or less. This is: 29 Select the best answer: A notary Signing Agent decides to expand his business by offering new services.

8 With respect to advertising, the NSA should avoid: 30 Select the best answer: A notary Signing Agent creates a new advertisement on Yelp that uses the phrase On time 24/7. Is this allowed? 31 Select the best answer: Appropriate attire to wear at a loan signing assignment is determined by: 32 Select the best answer: Upon arrival to meet the borrower for a signing appointment, a notary Signing Agent must present a: 33 Select the best answer: A notary Signing Agent and a borrower have finished signing documents and all that is left to wrap-up the appointment is to check the documents for errors, but the NSA is already late for the next appointment. What should the Signing Agent do next? 34 Select the best answer: When should the Signing agent determine if the date and time of the signing appointment are set and ask about any additional stipulations?

9 35 Select the best answer: When confirming an appointment to sign documents with a borrower, the notary Signing Agent should: 36 Select the best answer: The contracting company sends instructions to an NSA. before the agent's first assignment. It details a dress code the agent will be required to follow when working for the company. The best response for the agent would be to: Question Notes Printed on: 12/24/2020. Order Name Score Notes 37 Select the best answer: A signer indicates the address stated in the closing documents is incorrect. The lender's representative confirms the mistaken address in the documents and authorizes the signer to correct the address. Based on this confirmation, the agent may: 38 Select the best answer: Which of the following documents contain both the monthly payment amount and a breakdown of principal, interest, taxes and insurance?

10 39 Select the best answer: Which document represents the borrower's promise to repay the loan? 40 Select the best answer: Which document authorizes the lender to obtain copies of the borrower's tax returns? 41 Select the best answer: The final printed version of the Loan Application is referred to as the: 42 Select the best answer: The Notice of a Right to Cancel Form is the borrowers notice of the right to cancel the transaction within: 43 Select the best answer: Which document must the borrower receive at least three days before the signing appointment? 44 Select the best answer: Which type of loan will use a HUD-1 in place of a Closing Disclosure? 45 Select the best answer: Providing and recording documents are performed by.