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Notary Bulletin

January 2012

California, New York Attorneys General Question 'Robo' Settlement Terms

Attorneys General Kamala Harris of California and Eric Schneiderman of New York both say they will likely reject the terms of the nationwide foreclosure “robo-signing” settlement because they don’t go far enough to protect consumers and hold major banks accountable.

Oklahoma Bill Would Require Recordkeeping Of Election Documents

As the 2012 election year begins, the Oklahoma Legislature is considering a bill that would require Notaries to maintain a log of all absentee ballot affidavits they notarize for a period of at least two years after the date of the election.

Who Owns Your Notary Commission, Seal And Journal?

Many companies pay for their employees to become Notaries, including the application and training fee, the cost of the surety bond, Notary stamp and other necessary supplies. However, this investment can create confusion for Notaries and employers alike over who owns or controls the commission and how it is to be used.

Feds Ramping Up Oversight Of Financial Companies

Thousands of financial companies can expect increased attention from federal regulators in the coming months as the newly created Consumer Financial Protection Bureau (CFPB) ramps up its efforts to oversee every type of consumer credit-related practice, including such things as mortgage and foreclosure document preparation procedures.

Feds, State AGs Nearing 'Robo' Settlement With Major Banks

Expectations are running high that the Federal government and a group of state Attorneys General are near a settlement with a number of major financial institutions over the improper notarization and document signing practices at the heart of the “robo-signing” crisis.

Obama's New Immigration Plan Likely To Impact Notaries

Under a new plan proposed by President Obama, undocumented immigrants with parents or spouses in the United States would not be required to leave the country before they file paperwork that would prevent deportation because of family hardship.