Interested in finding out how to become a notary signing agent in Kentucky? We’ve got you covered.
In order to begin operating as a notary signing agent, you will need to:
- Become commissioned as a notary public
- Take a loan signing training course
- Become Signing Professionals Workgroup (SPW) compliant
- Purchase your notary supplies
This Notary Signing Agent Kentucky article breaks down everything you need to know in easy-to-follow, succinct steps — helping you to commence your loan signing career with as little difficulty as possible.
Recommended: Purchase E&O insurance in order to ensure that your personal assets are protected in the event of a negligence lawsuit.
What is a Notary Signing Agent
Notary signing agents (NSAs) are crucial in the real estate sector as they act as a guide for borrowers through loan document signings, acknowledging their signatures, and returning documents to the lender.
On the surface, the role of an NSA might seem identical to that of a notary public, but the distinction lies in the level of expertise required for each task.
While a notary public primarily verifies the identities of signatories and acknowledges signatures, an NSA possesses a deeper understanding of loan documents and has been trained to provide unbiased explanations of each document’s purpose.
Although no extra legal qualifications are required to become an NSA in Kentucky, undertaking specialized training is strongly recommended for a couple of reasons. Namely, because it:
- Makes you a more appealing candidate to lenders, title companies, and other industry recruiters — who typically prefer NSAs with specific training due to the complexity of loan signings
- Ensures that you’re actually capable of competently fulfilling all of the responsibilities associated with being an NSA
Note: For more information on this specialized training, see Step 2: Take a Loan Signing Training Course below.
How to Become a Notary Signing Agent in Kentucky
If you’re interested in becoming a notary signing agent in Kentucky, you can get started today by completing the following steps.
Step 1: Become a Notary Public
In order to become a notary signing agent, you will first need to be commissioned as a notary public in Kentucky.
In order to do this, you will need to complete the following steps:
- Meet the basic requirements: Kentucky notaries public must all be at least 18 years old, be US citizens or permanent legal residents, reside/be employed in the Kentucky county they’re applying for a commission in, and be able to read and write English
- Purchase a $1,000 surety bond: After this, the next step is to obtain a $1,000 surety bond to last at least four years — the length of your notary commission. This bond is what protects the public of Kentucky from any financial harm they could suffer due to your potential misconduct or negligence
- Fill out an application form: Next, fill out the Kentucky Notary Public Application for Appointment and file the completed document along with your bond form to the Notary Commissions department in the Kentucky Secretary of State
- Take your oath of office: When your application has been processed, your Certificate of Appointment will be sent to your county clerk — who will then email you with instructions on how to take your oath of office and receive this certificate
- Obtain the necessary supplies: Once you receive your Certificate of Appointment you’ve officially qualified as a notary public. However, before you can begin performing notarizations, you’ll need to obtain the necessary tools. Namely, a notary seal and a notary record book
For a more in-depth overview of the process of getting commissioned as a notary public in Kentucky, we recommend having a look at our How to Become a Notary in Kentucky overview.
Step 2: Take a Loan Signing Training Course
Opting for a specialized loan signing training course can be a smart move in your journey to becoming a successful notary signing agent in Kentucky. Even though it’s not required, there are a number of benefits to it:
- Deep understanding: A detailed course provides you with a comprehensive grasp of mortgage loan signings and effective strategies to handle unexpected situations, thereby improving your expertise as an NSA
- Improved job prospects: Having a certificate from a respected course demonstrates your commitment and specialized abilities, making you more attractive to potential employers
- Increased confidence: The courses often include simulated real-world situations that can build your confidence. This, in turn, allows you to offer top-notch service and create positive interactions with your clients
Did you know? A loan signing training course can also prepare you to pass the Signing Professionals Workgroup (SPW) exam.
We recommend the National Notary Association’s notary signing agent certification course, which includes background screening, a comprehensive guide, a priority notary signing agent listing, and a loan documents sourcebook.
Step 3: Become SPW Compliant
Even though SPW compliance isn’t a requirement, it’s a clever strategy to pursue.
Just like completing a loan signing course, it signals to prospective employers that you’re well-versed in crucial finance and real estate concepts, which can make you more appealing as a job applicant.
To achieve compliance, you’ll need to clear a background check, ace an exam, and secure an Errors and Omissions (E&O) insurance policy with coverage of at least $25,000.
Step 4: Purchase Signing Agent Supplies
After you become commissioned as a notary public and complete a certified loan signing course, you will be ready to purchase all of your notary supplies.
These include a notary stamp or seal, which is what you’ll use to notarize documents during loan signings, as well as a notary record book or journal (used to keep a record of each notarial service you perform as a notary signing agent).
Recommended: Interested in getting started? We recommend having a look at notary.net’s affordable and state-specific notary supplies package.
Step 5: Obtain Errors and Omissions Insurance
As a final step, you will likely want to purchase a comprehensive E&O insurance policy.
This is a type of insurance that protects you against any liability that may arise due to negligence or misconduct on your part.
Examples of where an E&O insurance policy can be useful include:
- You’re overseeing a busy loan closing and, in a rush, you accidentally miss a signature. The loan process stalls, the borrower incurs late fees, and you’re hit with a compensation claim.
- While going through a home loan document, you wrongly notarize a signature. The mortgage approval is lost and the client files a claim against you.
- During a loan signing, you skip a page inadvertently. The document is void, leading to delays and extra work. In this case, the lender could choose to file a claim against you in order to be compensated for any additional expenses.
Note: Purchasing E&O insurance is actually a requirement for becoming SPW compliant.
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Notary Signing Agent Kentucky FAQ
How do I become a signing agent in Kentucky?
To be able to offer a loan signing service as a notary signing agent (NSA) in Kentucky, you first need to become a commissioned Kentucky notary public. Then, once commissioned, you’ll need to take a course and pass an exam to become certified as an NSA. For a more detailed look into this process, make sure to check out our Notary Signing Agent Kentucky article.
How much do loan signing agents make in Kentucky?
A loan signing agent’s income in Kentucky is dependent on a variety of factors. However, on average, a notary loan signing agent in Kentucky can expect to make anywhere from $25,000 to $50,000 a year. Working for a loan signing business can also shift your income expectations. To find out how to get started in this career path, see our article on How to Become a Notary Signing Agent.
Can you charge for notary services in Kentucky?
Yes, notaries public and NSAs can charge for their services in Kentucky. The state has set a maximum fee of $2 per notarial act, which includes acknowledgments, jurats, oaths, affirmations, and other official acts. However, additional fees may be charged for services like travel.
How much is the bond to become a notary in Kentucky?
In Kentucky, notaries public must purchase a bond valued at $1,000. This protects the public against the financial consequences of any mistake you might make while acting as a notary. This bond must be maintained throughout your commission term (i.e., four years).
Can you perform remote online notarizations in Kentucky?
Yes, remote online notarizations have been allowed in Kentucky since January 2020 — though notary publics are required to complete a specific registration process in order to qualify to offer a certified mobile notary service. After qualifying, notaries are able to perform notarizations from anywhere in Kentucky as a remote notary public.
For all related articles, have a look at our How to Become a Notary Signing Agent page.