Notary Exam Question #041
General Information / Confict of Interest
In which situations would a notary public have a direct financial or beneficial interest in a transaction?
- If the notary public is named, individually, as a principal to a financial transaction
- If the notary public is acting as an agent, employee, insurer, attorney, escrow holder, or lender for a person having a direct financial or beneficial interest in the transaction
- If the notary public is notarizing documents for relatives
- If the transaction involves real property
- If the notary public is named, individually, as a principal to a financial transaction
- If the notary public is acting as an agent, employee, insurer, attorney, escrow holder, or lender for a person having a direct financial or beneficial interest in the transaction
- If the notary public is notarizing documents for relatives
- If the transaction involves real property
?
• If a notary public is named, individually, as a principal to a financial transaction.
• If a notary public is named, individually, as any of the following to a real property transaction: beneficiary, grantor, grantee, mortgagor, mortgagee, trustor, trustee, vendor, vendee, lessor, or lessee.
• If a notary public is named, individually, as any of the following to a real property transaction: beneficiary, grantor, grantee, mortgagor, mortgagee, trustor, trustee, vendor, vendee, lessor, or lessee.