New York City (718) 569-7422, Long Island (516) 874-2882

What is a Notary Public?

 

 

A Notary Public is a public officer who executes acknowledgments of deeds or writings in order to render them available as evidence of the facts therein contained; administers oaths and affirmation as to the truth of statements contained in papers or documents requiring the administration of an oath. The notary’s general authority is defined in § 135 of the Executive Law; the notary has certain other powers which can be found in the various provisions of law set forth earlier in this publication.

What are the Qualifications necessary to become a Notary Public?

  • Be a citizen of the United States or resident alien with a green card
  • Be a resident of the State of New York or have an office or place of business in New York State
  • Be at least 18 years of age or older on the application date
  • Be able to read, write and understand English
  • Must pass the state exam for first time applicants
  • No person is eligible for the office of notary public who has been convicted of a violation of the selective draft act of the U.S. enacted May 18, 1917, or the acts amendatory or supplemental thereto, or of the federal selective training and service act of 1940 or the acts amendatory thereof or supplemental thereto

No person shall be appointed as a notary public who has been convicted, in this State or any other state or territory, of a felony or certain other disqualifying offenses

Note: Only first time applicants and those who have allowed their commission to lapse by more than 180 days, excluding those with a military exemption, must take the exam.

 

Do you want to be a New York State Notary Public?
Then click on this link -> State of New York Notary Public License Law
 
Reading the Notary Public Law is pretty dry and difficult to reading but this the law that you will governed by and the information you'll  need to past the notary test.  That is why I recommend you get a study CD by "Gerrie Pierre-Fleurimond".  It's an interactive CD filled with question & answers, a pre-test & a final test to see if you're ready for the real test.  it fun and easy to use.

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Here are some common Notary and Mortgage abbreviations 

AIF - Attorney In Fact NOD - Notice of Default 
ARM - Adjustable Rate Mortgage  NOO - Non Owner Occupied

 
AKA - Also Known As OO - Owner Occupied

 
 BK - Bankruptcy   P & I - Principal & Interest

 
CCR's - Covenants, Conditions & Restrictions PITI - Principal, Interest, Taxes & Insurance 

 
CLTV - Combined Loan to Value   POA - Power of Attorney 

 
DOCs - Documents   POC - Paid Outside of Closing

 
DRE - Department of Real Estate 

 

 PREPAY - Prepayment Penalty 

 
DTI - Debt to Income  PTD - Prior to Docs 

 
E & O - Errors and Omissions PTF - Prior to Funding 

 
ECOA - Equal Credit Opportunity Act PTS - Points (Origination Fee)

 
FHA - Federal Housing Authority PUD - Planned Unit Development 

 
GFE - Good Faith Estimate QCD - Quit Claim Deed 

 
GRC - Guaranteed Replacement Cost RTC - Right to Cancel

 
HOA - Home Owners Association

 

 SI - Statement of Information

 
HOI - Homeowners Insurance SFR - Single Family Residence

 
HUD - Housing & Urban Development TC - Title Company

 
HUD1 - Final Settlement Statement Document  TIL - Truth In Lending

 
LIBOR - London Interlake Offering Rate UW - Underwriter

 
LO - Loan Officer VOD - Verification of Deposits

 
LOE - Letter of Explanation

 

 VOE - Verification of Employment

 
LTV - Loan to Value VOM - Verification of Mortgage

 
MIP - Mortgage Insurance Premium VOR - Verification of Rent

 
MTG - Mortgage W2 - Year End Earning Statement

YTD - Year to Date
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