1 / 19

California New-Law Webinar

Join our webinar to learn about the latest changes in California real estate laws impacting documents affecting properties. Discover best practices and how to comply with the new regulations. Visit our website for more information.

danniell
Download Presentation

California New-Law Webinar

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. California New-Law Webinar December 2012

  2. Topics We Will Address Today • New requirements/limitations are a result of Jan. 1 California law revision • Best practices to clarify some of the changes that have been made

  3. New Law Impacts

  4. Journal Thumbprint • Any document affecting real property • What is a “document affecting real property” exactly? The following are just a few examples

  5. Loan Documents Any document in loan package requiring notarization • Name Affidavit • Signature and AKA Statement • Occupancy Agreement and Compliance Agreement

  6. Assessor’s Parcel Number • An APN is a 10-digit number assigned to a parcel of real property • Any document that contains one affects real property

  7. Legal Description • Words delineating property, i.e. a deed • Any document with such wording affects real property

  8. Space for Recorder • Documents with top margins for name of party, document destination and space for recorder’s stamp

  9. Cover Sheet A document without top margin space for recorder’s use but instead has a cover sheet for the same purpose affects real property

  10. Other Documents Affecting Real Property • Wills that bestow property (in states that allow notarization of a will) • Revocable or irrevocable trusts if funded by family home

  11. 2013 California Notary Law Primer Includes information on the new law including how to identify a real estate document and a list of common real estate documents. To order please call 1-888-896-6827 or visit www.NationalNotary.org/Supplies

  12. Other Documents Affecting Real Property • If unsure, obtain thumbprint to avoid fine of $2,500

  13. Proofs of Execution • Used when principal signer can’t appear — extreme cases only • New law prohibits proofs on any document affecting real property

  14. Clarification:Correcting Certificates • Notary may no longer correct a certificate error and resubmit certificate • Signer must reappear and Notary must perform new notarization

  15. Summary • New laws adding thumbprint requirements and restrictions on proofs of execution by subscribing witness go into effect Jan. 1 • But the clarification on correcting certificates is already in effect

  16. Q & A http://www.nationalnotary.org/webinar-archives/index.html For further information, contact: hotline@nationalnotary.org 1-888-876-0827  Hotline Counselors are available to assist you Monday – Friday 5:00 a.m. – 7:00 p.m. and Saturday 5:00 a.m. – 5:00 p.m. (PST) Webinar Archives at:

  17. Being an NNA member has its benefits: • 24 Hour Online Help at NationalNotary.org • Educational Resources • Regular Updates with NNA Publications • Toll Free Hotline Support • Member Privileges and Partner Discounts

  18. Connect with the NNA and other Notaries through our social media channels! Stay updated on the latest NNA events, news and best practices. facebook.com/nationalnotary twitter.com/nationalnotary linkedin.com/company/national-notary-association

  19. Q & A http://www.nationalnotary.org/webinar-archives/index.html For further information, contact: hotline@nationalnotary.org 1-888-876-0827  Hotline Counselors are available to assist you Monday – Friday 5:00 a.m. – 7:00 p.m. and Saturday 5:00 a.m. – 5:00 p.m. (PST) Webinar Archives at:

More Related