Notary Bulletin

Settlement Reached Against Debt Collection Company Accused Of 'Robo-Signing'

One of the nation’s largest debt collection companies has agreed to pay $500,000 to settle a lawsuit accusing it of “robo-signing” practices. The settlement between Midland Funding, LLC, and Minnesota Attorney General Lori Swanson also includes changes in in the process the company uses to pursue delinquent borrowers.

This is the first government action against a debt collector involving “robo-signed” affidavits used in actions against consumers, according to a statement from the Attorney General’s office.

Among the acts of misconduct, employees of Midland admitted under oath that they signed up to 400 affidavits per day without reading them, verifying their accuracy, or knowing exactly what they contained. Another of the charges was that a Notary Public employed by a Midland employee would sign affidavits falsely attesting that he or she witnessed employees signing affidavits under oath.

Among the changes to its collection procedures, Midland employees must verify the contents of any affidavits they filed and those affidavits must be signed in the presence of a Notary Public, who “acknowledges the signature in accordance with law.”

The company was also ordered to resolve all outstanding and future complaints made about them to the Attorney General’s Office.

Professional Sections

NSA and Small Business
Healthcare Professionals
Legal Professionals
Financial and Corporate Services
Immigration
International

Quiz: The Many Types Of Notarial Acts

Notaries perform many different duties for the public — and it’s easy to lose track of the different acts and what states they’re authorized in. Test your familiarity with common — and uncommon — notarial acts.

(A link to the correct answers is provided at the end of the quiz.)

Confronted with a tricky notarization? Unsure how to proceed? NNA members have unlimited access to our expertly trained Hotline counselors to help you with all of your notarial questions.

(888) 876-0827

Monday through Friday:
5 a.m. to 7 p.m. PST

Saturdays: 5 a.m. to 5 p.m. PST

© 2014 National Notary Association. All rights reserved . Privacy Statement . Copyright Statement
National Notary Foundation . Returns . About Us . Contact Us . Feedback