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BucksMSA
Pennsylvania
13 Posts |
 Posted - 03/13/2013 : 1:53:07 PM
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FOR DISCUSSION:
Amongst other things, the amended bill would require $100,000 Bond, fingerprinting of the grantor and grantee to be recorded in the Notaries registry, and both seal and stamp to be used on the Deed of Trust.
Here is the new language suggested for the act of August 21, 1953 (P.L.1323, No.373):
(b) In order to notarize deeds for the conveyance of real property governed by 68 Pa.C.S. Ch. 71 (relating to general provisions), a notary shall give a surety bond, payable to the Commonwealth of Pennsylvania, in the amount of one hundred thousand dollars ($100,000) - - -
Section 2. Sections 12 and 15 of the act are amended as follows:
Section 12. Notarial Seal.--* * *
(e.1) Notwithstanding any other provision of law to the contrary, a person who uses the official seal or any other equipment of a person commissioned as notary public who is not the notary public for whom the commission has been issued to notarize any document commits an offense. A first offense under this subsection is a misdemeanor of the first degree. A second or subsequent offense under this subsection is a felony of the third degree.
(e.2) Any person commissioned as a notary public in this Commonwealth who knowingly, recklessly or negligently notarizes any document without determining the identity of all persons who are signatories to the document to be notarized as provided by this act or any other law commits an offense. A first offense under this subsection is a misdemeanor of the first degree. A second or subsequent offense under this subsection is a felony of the third degree.
(e.3) When a notary is acknowledging a deed for the conveyance of real property, the notary shall include the notary's name, in print, below the notary's signature, in addition to the notary's seal and stamp.
Section 15. Register; Copies of Records.--* * *
(a.1) In addition to the requirements of subsection (a), the chronological register shall include the thumbprints of the grantor or grantors and the grantee or grantees to a deed of conveyance, to appear in the register of the notary adjacent to the registry entry of the performance of that act by the notary.
Section 3. Section 21(a) of the act, amended December 9, 2002 (P.L.1269, No.151), is amended to read:
The Secretary of the Commonwealth shall provide a special fee for the notarization of deeds and acknowledgments for the conveyance of real property as provided in this act. |
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Senate Bill 616
