Notary Bulletin Officials Press More Banks To Reach Robo-Signing Settlement By NNA Staff on September 27, 2012 in Signing Professionals U.S state attorneys general are negotiating a legal settlement with four regional banks for their involvement in the “robo-signing” crisis. The agreement would be similar to the $25 billion National Mortgage Settlement brokered with five national lenders in February. That agreement included sweeping compliance mandates to prevent the widespread improper notarization and document signing practices at the heart of the foreclosure crisis. The banks have had preliminary talks with state and federal officials, who are investigating claims that loan servicers mishandled foreclosure documents. However, the timing of a settlement is not yet known. If a settlement is reached, the banks will face a financial obligation and likely will have to comply with the servicing standards. The NNA has established a Trusted Notaryprogram to help lending institutions reach compliance with the new mortgage industry regulations. Email Share Leave a Comment Required * Name * Email *(for verfication purposes only) Comment * Enter the text shown in this image *(text is case sensitive)All comments are reviewed and if approved, will display.