ND Notary Common Notarial Documents 4

Question 1

A North Dakota notary is asked to notarize an 'assignment of mortgage.' What is this document used for?

Accepted Answer

Transferring the lender's interest in a mortgage to a new lender or investor

Answer

Releasing a borrower from their mortgage obligation

Answer

Changing the terms of an existing mortgage agreement

Answer

Documenting a property tax payment assignment

Question 2

When notarizing a North Dakota affidavit of heirship, what is the notary verifying?

Accepted Answer

The identity of the affiant and that they signed and swore to the document voluntarily

Answer

That the heirs listed are entitled to the estate under ND law

Answer

The accuracy of the family tree information listed in the document

Answer

That all heirs are present and consent to the distribution

Question 3

A real estate closing involves a 'HUD-1 Settlement Statement' or 'Closing Disclosure.' When a North Dakota notary is asked to notarize signatures on these forms, what notarial act is typically performed?

Accepted Answer

Acknowledgment of the borrower's signature

Answer

Copy certification of the lender's copy

Answer

Apostille for international mortgage lenders

Answer

Protest to confirm payment obligations

Question 4

A North Dakota notary is asked to notarize a 'mechanic's lien.' Who typically signs this document?

Accepted Answer

The contractor or material supplier who is owed payment

Answer

The property owner, to authorize the lien

Answer

The county recorder, to authenticate the lien

Answer

The mortgage lender, to subordinate their interest

Question 5

What is a 'satisfaction of mortgage' document, and what notarial act does it typically require in North Dakota?

Accepted Answer

A lender-signed document confirming the loan is paid off; typically requires acknowledgment

Answer

A document the borrower signs to begin foreclosure proceedings; requires a jurat

Answer

A court order releasing a property from lien; requires copy certification

Answer

A borrower's sworn statement that they made all payments; requires a jurat

Question 6

A signer brings a 'release of lien' to a North Dakota notary but the document names a different person as the lien holder than the signer. What should the notary do?

Accepted Answer

Confirm the signer has authority to act on behalf of the named lien holder before proceeding

Answer

Notarize the signature of whoever is present

Answer

Refuse to notarize since the signer is not named in the document

Answer

Contact the county recorder to verify the lien before notarizing

Question 7

Which of the following documents would a North Dakota notary most likely be asked to notarize in connection with a small business sale?

Accepted Answer

Bill of sale for business assets and equipment

Answer

Articles of incorporation filed with the Secretary of State

Answer

Employer Identification Number application to the IRS

Answer

Annual report filed with the state tax authority