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backdating requests: Backdating - Why Notaries Must Just Say NO! - 01/05/08 07:04 AM
Any notary that does loan signings will eventually be asked to backdate.  There are several possible reasons for the request, such as the loan docs were not ready on time the previous day, resulting in the borrower possibly losing his rate lock, or even the simple matter that the lender wants to count the loan as closed for the end of month business.  Whatever the reason, it is fraud and a notary is bound by his oath of office not to participate in such a practice.
The function of a notary is to serve as an impartial witness to a transaction.  The … (14 comments)

 

Linda de Bree

Stafford, VA

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Linda de Bree, Notary Public

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