It was inevitable that it would happen sooner or sooner or. A worker of a Notary Public has been found to be responsible in the case of their public notaries’ negligence. In fact, this has been repeated twicein the matter of Bank of America v. Bird, the court ruled that the Notary as well as the Notary’s employer are bound to standards of practice in Notary public that are higher than what the is required by law.
In the case of Ventura v. Katrin the court found that when state laws governing notarization are not clear, Notaries must be able to rely on the advice provided by such well-established industry-wide standards such as The Model Notary Act.
What is this going to mean for employers who employ Traveling notary or contract with Notaries in their businesses? This means that employers have to educate and supervise their Notaries or be held accountable for direct inability to protect third parties, or to partner with a mobile notary service provider with policies in place to shield the company from any liability.
Before signing up with a national mobile notary service provider make sure you inquire about the following issues. What is the length of time that this business been operating for? The longer a business has been in operation, the more successful their relationships will include the notaries that they work with. It’s the relationships they have with the notaries that are important.Does the business have the E&O coverage that includes all of their contractors? If a company regularly uses the services of mobile notaries must have 500k E&O policy or greater. If you are less than that, you should contact someone else.
The policies that the company need to follow to ensure the notaries they employ are meeting higher standards. In the long run, these new rules will go a long way to protect everyone from scams, ID theft and contractual dispute.
There are many controversies around the notion of having a mobile notary signer as an at-home business. Anyone who has attempted to do it frequently admit that it is difficult to perform the task. People who have attempted it were certain enticed by the huge potential for growth, the ease being able to work from their homes, the ease of cash flow and flexible working time slots. However, it’s obvious that they only saw only one aspect of the portrait. The other part is hard to see since a travel agent isn’t someone who operates from 9am-5pm job. It is instead a 24 seven days a week job that demands an enormous amount of commitment and energy to earn a profit.
Mobile notary signing service isn’t at all an undesirable business idea to consider and can be extremely interesting, rewarding and lucrative if you have an appropriate mindset.If you’re also planning to become a mobile Notary and begin your own home-based business, then this checklist can help you determine whether you’re on the right path or if you need to look into a different home-based business idea.