Do banks have notaries?
Yes! It does. Banks and most monetary organizations and financial institutions have notaries to notarize important documents of the customers. The clients of banks will be paid by the banks and the non-clients will be paying their own charging fees. While serving as a notary at the bank or anywhere he should make sure that he does not violate any of the notary laws. As the notary is restricted or limited by the bank policies he can deal with the clients during his duty time.
What is the process of notarization?
To get a document notarized, the parties involved in the legal procedure should be at the same place before the notary public. Then the document will be reviewed by the notary public to make sure it’s a clean document without any corrections and check whether it is according to the law of the country. Finally, the notary signs the documents with the process of identifying the signers by relying on a credible witness who can affirm the person’s identification and with the personal knowledge of the notary.
How does the notarization at banks work?
The procedure of the notarization is kind of simple when compared to other legal documentation. The parties present the relevant document to be notarized with the verified identification and the notary goes through and affirms that the parties can sign the document with the witness of the notary with an official stamp, date, the signature of the notary, and the declaration stating that the affirmations are true and the parties are sound-minded to sign the document.
Can a notary refuse to sign the document?
Yes for sure! but under the below stated circumstances. A notary public might refuse to sign the document,
When the document is not concluded. When either party seems to be insane it denotes mental instability. When either of the parties seems to be under threat. When the notary public is in a situation to believe it is for an illegal purpose. If either of the parties is not physically present. If the identification process of either party fails. If either of the parties are failing to declare the contents of the document. If the document is blank. If the document does not possess a notarial certification. If either of the parties is the spouse, parents, or children of the notary. If the documentation is leading to illegal activity. If the document violates the common law of the country. If either of the parties are disagreeing to pay the fee. If either party is under duress.
If any of the above applied in any case the notary should or can refuse to sign the document by his own will.
Conclusion
The notary public is a legal professional but not an attorney at law. Their main duty is to prevent fraudulent activities and to witness the parties signing the documents. Most banks in the United States of America have free notarial services. All you have to concentrate on is some of the requirements that are to be followed; failing to do so might result in a failure of notarization. Subsequently, as banks have a lot of official papers to be notarized; commonly, most of the bank’s employees are notaries who offer free services to their clients. So what are you waiting for? be done with your notarization at your bank with no pennies flying around!
What is the duty of a notary with the banks?
The main duty of the notary public is to witness the signing of documents administering the oaths to prevent fraudulent activities. The other duties include declaring the state of mind of the parties that are participating, validating the identification process of the parties, finalizing the notarial certification of the documents, bearing witness to the documents, lay hold of affidavits, and other legal declarations.
What documents could be signed by the notaries in the bank?
While most of the documents could be witnessed by the notary, the bank notarizes the deeds, affidavits, power of attorney, beneficiary documents for retirement accounts, and promissory notes.
