Signature guarantees and notary stamps are both used to verify signers’ identity. Loan documents, for instance, require professional notarization to protect against fraud. The notary public verifies the signer’s identify – usually done by checking his or her driver’s license of state-issued ID card – and stamps the document to finalize its execution. While a signature guarantee shares some similarities to a notary stamp, they are two unique processes, each with its own purpose.
The primary duty of a notary public is to verify the identities of each signer on a document. This is done to protect against fraudulent acts that may otherwise void the notarized document. The notary public typically requests each signer to provide identification that verifies their identity. If the client fails to provide an acceptable form of identification, the notary public is legally obligated to refuse the service. So, what’s considered an “acceptable” form of identification when seeking the services of a notary public?
This is a question many people ask themselves when seeking notarial services. If you have a document that requires one or more witnesses as well as notarization, it would only make sense to ask the notary public to sign as the witness. Doing so will allow you to knock out two birds with one stone so-to-speak, as the notary public will perform both the notarization and act as a witness.
Closing on a new home is a hectic, stressful process for everyone involved. When a buyer sits down to finalize the purchase of a home, he or she must go through and sign dozens of documents, some of which may require notarization from a commissioned notary public. If the notary public makes a mistake, it could result in the purchase being delayed.