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Stells [14]
4 years ago
9

If during a Notary Signing appointment the borrower divulges that the property being financed is an investment property, while t

he loan papers indicate it is for a Primary residence, the Notary Signing Agent should?
Advanced Placement (AP)
1 answer:
marta [7]4 years ago
6 0

Answer:

Contact the lender's representative immediately before signing the documents.

Explanation:

During a Notary Signing appointment if the borrower divulges that the property being financed is an investment property, while the loan papers indicate it is for a Primary residence, the Notary Signing Agent would have to do due diligence in knowing the real and true status of the property.

This is usually done by contacting the lender's representative immediately before signing the documents to avoid any form of issues.

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