Hello, please advise if my errors & omissions insurance covers me as a Signing Agent. — I. W., Ohio
Notary Errors and Omissions insurance (E&O) will cover any negligent error or omission you make in notarizing documents as a Signing Agent. This would include the mortgage, deed of trust, conveyance deeds, and any affidavits or other documents in the loan package that must be notarized. Notary E&O will not cover errors you make on any of the documents in the loan package that are not notarized. So, if you forget to have the borrower sign the Notice of Right to Cancel and that results in a loss to the borrower or lender, Notary E&O won’t protect you. Notary E&O also will not protect you as a Signing Agent if you lose the loan documents. The key thing to remember is that Notary E&O covers what you do as a Notary.
Hotline answers are based on the laws in the state where the question originated and may not reflect the laws of other states. If in doubt, always refer to your own state statutes. – The Editors
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