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Resources > Glossary > Errors and Omissions

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

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Common Terms 1   Common Terms 2

Errors and Omissions

Function: noun

Definition 1:
The Errors and Omissions document requires the borrower to comply with the lender to make corrections should any clerical errors need to be fixed in the loan documents. This document is similar to the Compliance Agreement. There is another document which is a hybrid of the two called an Errors and Omissions Compliance Agreement. Please do not confuse these documents with Errors and Omissions insurance which is a popular form of insurance that protects notaries from any honest mistake that they might make.

Thesaurus / Related Terms
Compliance Agreement