Identification verification. The notary service is dedicated to the prevention of fraud and identity theft.
Notaries are typically used in real estate to identify purchasers or owners of property. Notaries maintain a ledger or notarybook, to keep track of the information of their customers. They also record the date and times that properties were purchased.
This is an aspect of the process of holding owners accountable for their monthly loan payments. If a person is that is found to be guilty of mortgage fraud can be sent to prison in the federal government. Federal law requires any legal action against notarized documents and monthly agreements.
The services of a notary require lots of documentation to confirm the legitimacy of the proprietor of the property and can be certified by third parties upon purchase, during the entire duration of the purchase. Any person who is considering purchasing the property they want should remember that notaries can do a lot of the work for their customers. as175c6itw.