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Financial and Corporate Services

Q&A: Handling Improper Notarial Requests

The Financial & Corporate Services Section spoke with Professor Paul Fiorelli, Director of the Cintas Institute for Business Ethics and Professor of Legal Studies at Xavier University, and also a Notary, about how Notaries might respond when confronted with improper notarial requests.

'Medallion Signatures' explained

Notaries working in banks or financial institutions may be asked to provide customers with a “Medallion Signature Guarantee.” Often mistakenly refereed to as a “Medallion Notary” or “Medallion Stamp”, this request is not a notarial act. It’s a special type of signature guarantee provided within the banking industry.

Notaries Must Focus On Information Security In Post-WikiLeaks World

Following the announcement that online whistle-blower site “WikiLeaks” will release confidential data from a major banking chain, security and regulatory experts predict Notaries employed in finance and banking will see stricter workplace policies for securing and sharing sensitive data, such as journal entries.

State Laws Trump Employer Requests Regarding Journal Custody

When a Notary in the legal profession changes jobs, the transition can sometimes create confusion in the office over who retains your notarial records. A supervising attorney may insist that the firm retain your Notary journal based on attorney-client privilege, but state laws always supersede any request by an employer. The proper response is to retain it in your custody.

Lessons from Vancura: Liability Protection Is Essential

If there’s one key lesson Notaries everywhere can learn from the Vancura v. Katris case it’s that you must own your official duties and responsibilities bestowed upon you by your commission. There is no longer a “gray area” of liability shared with employers, signers or anyone else that Notaries can claim excuses negligence.

Training Is The Foundation For Advancing Your Career

Whether you seek to expand your knowledge in your chosen vocation, or ensure you comply with Notary laws and best practices, training is essential to advancing your career. The Financial & Corporate Services Section spoke withCarolyn Barton, assistant vice president and Notary at Glacier Bank in Kalispell, Montana, about issues surrounding training.

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