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California New-Law Webinar

California New-Law Webinar. December 2012. 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. New Law Impacts. Journal Thumbprint. Any document affecting real property

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California New-Law Webinar

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  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:

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