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 LATEST NEWS |
November 20.2008
ALTUS MAN SENTENCED 41 MONTHS AND MUST PAY OVER $4 MILLION IN RESTITUTION FOR USING FAKE CHURCH BOND TO DEFRAUD WESTERN OKLAHOMA BANKS |
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November 19.2008
Interim Assistant Secretary Neel Kashkari Remarks on Implementation of the Emergency Economic Stabilization Act |
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November 19.2008
Company to Pay $5.6 Million for Allegedly Overcharging U.S. on Contract to Recruit & Select Airport Screeners |
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November 19.2008
SENATOR DIANNE WILKERSON INDICTED FOR ATTEMPTED EXTORTION |
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November 19.2008
Former State Senator Wayne Bryant Guilty of all Counts for Schemes to Obtain a Corrupt Low-show Job at UMDNJ and Fraudulently Pad State Pension – Former Dean of Medical School Also Convicted – |
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November 19.2008
FORMER BROKERAGE FIRM CEO CHARGED IN NATURAL GAS MISMARKING SCHEME AND FORMER LEAD TRADER AT BANK OF MONTREAL PLEADS GUILTY |
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November 19.2008
MIAMI HIV CLINIC ADMINISTRATOR AND TWO MIAMI RESIDENTS SENTENCED FOR THEIR ROLES IN A $14 MILLION MEDICARE FRAUD SCHEME |
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November 19.2008
From the Heart to Our Troops |
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November 19.2008
In Case You Missed It: 'Fighting the Financial Crisis, One Challenge at a Time' |
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November 19.2008
Testimony by Treasury Secretary Henry M. Paulson, Jr. before the House Committee on Financial Services |
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November 19.2008
Two Charged With Illegal Trading With Iran |
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November 19.2008
D.C. Court of Appeals Clears Way for $200 Million Restitution Order in Tax Fraud Conviction |
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TERMS / Can I notarize for a family member? Most state laws do not expressly prohibit notarizing for a relative. However, Notaries who do so in many instances will violate statutes prohibiting a direct beneficial interest. For instance, if a Notary is asked to witness her husband's signature on a loan document for the purchase of a home they will share, she will directly benefit from the transaction and should disqualify herself.
The likelihood of a direct beneficial interest is usually greater with immediate family members -- spouse, mother, father, son, daughter, sister or brother -- than with non-immediate, such as in-laws, cousins, nieces, nephews, aunts and uncles. The matter of interest in an inheritance is more often a consideration with lineal descendants (children, grandchildren, etc.) and ascendants (parents, grandparents, etc.) than with nonlinear relatives.
In many instances, a Notary will have no beneficial interest in notarizing for a relative and will not be prevented by law from doing so. However, to avoid later questioning of the Notary's impartiality, as well as accusations of undue influence, it is always safest for a signer to find a Notary who is not related.
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