President Obama: For The People

[coadie]

Originally Posted by Jermyn Davidson

The article states that this bill, the Interstate Recognition of Notarizations Act, would protect banks and mortgage processors from liability for improperly prepared foreclosure documents.

It doesn't seem major at first, but what the President did by refusing to sign this bill helps the homeowner.

Apparently, many of the notarizations on the foreclosure papers of many homes were printed en masse, by computer, in an effort to "expedite" the foreclosure process.


One of the main roles of a notary is to personally review the documents being notarized. This has not been happening.

Further, the requirements for notarization may differ from state to state. The President's refusal to sign this bill forces banks and businesses to "do right" by their customers, according to the laws and regulations of each of their customers' individual home states.


This is a victory for Joe Average, whose home may be in foreclosure. It keeps the banks from simply running roughshod over customers who have fallen behind on their mortgages.


At a time where banks and mortgage lenders are being investigated for fraud and other possible crimes against their own customers, the President stopped a bill that could have protected the banks and mortgage lenders who may have carried out foreclosures on Americans all across the country in an "one-size-fits-all" manner, without regard to the rights and protections granted to the homeowner by their individual states.


This is a small victory for "States' Rights" and a huge victory for the individual American.





GOD BLESS THE USA!

GOD BLESS THE PRESIDENT!

A notary public has the job of being a formal witness to signatures of legal documents and must be able to identify the people signing a contract. A notary public is an official of the state and must remain unbiased. Notaries work hand-in-hand with the legal profession and in any fields where contract law is important such as real estate, titling and insurance processing.

I have been a notary, had employees be notaries and realize all they do is witness signatures.

This means a notarized signature on a car title and the signature is worthless if the title goes to another state. Apparently JD doen't understand the bill or he function of notaries.

Notaries don't review documents. They witness signatures.