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AB-2834 Notaries public: Certificate Corrections - Moving forward to CA Senate

Tuesday, April 26, 2022 4:51 PM | Anonymous

AB 2834, as amended, Kiley. Notaries public: certificate corrections.

This bill would allow a currently commissioned notary public to correct an error in a notarial certificate attached to a grant deed, mortgage, deed of trust, quitclaim deed, security agreement, or other real estate document, if the error is one that prevents the document from being recorded by a county recorder. 


The bill is narrowly-tailored to target very specific harms that can befall consumers if a document memorializing a real estate transaction cannot be recorded due to notarial error. For example, a home buyer may forfeit the mortgage interest rate on their home loan, due to expiration of a rate lock. Or the purchaser may have given up their apartment, but be unable to move into their new home. Or the failure of a transaction to close may mean that the seller of a home lacks the funds to close on the purchase of their next home. 

Read More

202120220AB2834_Assembly Judiciary.pdf


Comments

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