In recent years, fraud has been on the rise. In 2020, about 4.8 fraud complaints were filed at the Federal Trade Commission. As a way of deterring fraud, most state governments appoint a notary public to oversee the signing of crucial documents. So, if you plan to close a transaction, such as selling a home or opening a retirement account, you are advised to engage a notary public.
Functions of a Notary Public
The main goal of a notary public is to help deter fraud. Apart from witnessing the signing of crucial documents, a notary public performs other functions, including:
- Verifying the identity of the signers.
- Ensuring that all the signers are aware of the content of the documents.
- Assessing the signers' willingness to sign the documents.
- Administering affirmations and oaths.
In other words, a notary public is an individual authorized to stamp crucial documents when two or more parties are closing a transaction. Some of the documents stamped include:
- Loan documents
- Powers of attorney
Why Should You Hire a Notary Public?
If you are looking for an easy way of validating documents, you should hire a notary public. These legal professionals are classified into two groups:
- Stationary Notary- They work from their home or office.
- Mobile Notary- They travel to the client's preferred location to perform the said act.
Without a stamp from a notary public, all your crucial documents won't be valid in the eyes of the law. Other benefits of hiring a notary public include:
- Fraud Prevention- One way of preventing fraudulent acts is by asking signers to prove their identities.
- Ease of Contract- The notary's stamp abates any doubt that you may have about the other party. Their presence makes the transaction foolproof.
There are even more benefits if you hire a mobile notary public. Since they come to your preferred location, you don't need to worry about carrying any vital documents. Also, there is increased flexibility as you can have your documents notarized during evening hours and weekends.
Choosing a Good Notary Public
Notarizing important documents is vital, and you should choose the right notary service provider. If you are not conversant with the legal system, getting a trustworthy and experienced notary public can be challenging.
The main factors to consider when choosing the right notary public include:
- Service charge
- Qualification and certification
- Range of services offered
Without a notary public, your important documents will not be legally valid. So, hiring one not only validates documents but also helps in preventing fraud. To learn more information, reach out to a company such as Lomeli Industries LLC.