Assignments
Texas Property Code
Florida Notary Laws
Pooling and Servicing
Agreement
Copyright 2009 - J.MeGuireFLORIDA NOTARY PUBLIC LAW
Section 117
NOTARIES PUBLIC
117.105 False or fraudulent acknowledgments; penalty.
A notary public who falsely or fraudulently takes an acknowledgment of an
instrument as a notary publicor who falsely or fraudulently makes a certificate
as a notary public or who falsely takes or receives an acknowledgment of the
signature on a written instrument is guilty of a felony of the third degree,
punishable as provided in s, 775.082, s. 775.083, or s, 75.084.
HEARING BEFORE THE
SUBCOMMITTEE ON COURTS, THE INTERNET,
AND INTELLECTUAL PROPERTY
OF THE
COMMITTEE ON THE JUDICIARY
HOUSE OF REPRESENTATIVES
ONE HUNDRED NINTH CONGRESS
SECOND SESSION
ON
H.R. 1458
MARCH 9, 2006
Serial No. 109-89
Prepared Statement of Malcolm L. Morris
Malcolm L. Morris, Esq., Professor and Associate Dean, College of Law,
Northern Illinois University
A notarization in and of itself neither validates a document nor speaks to the
truthfulness or accuracy of its contents. The notarization serves a different
function, viz, verifying that a document signer is who he or she purports to be
and has willingly signed the document.Loss to Local County Records Offices - $ 2.34 Billion
Estimated Recordation Fees
Land Records Office v Mers
Estimates based on approximately 60 million loans
serviced by MERS as stated by MERS.
Assume 2 pages for filing assignment.
Local
Records Office MERS Originator
Co $1,200,000 Fees
a5) $20 intial Record
a a Fee * 60,000,000
MERS
Depositor:
$600,000 Million
Assignment from
Recon tees |G oe iy, | “Sree, 's
Not Collected by oar Depositor (Seller)
Local Records Office
Securities
MERS Trustee
Per PSA
Assignment from
Depositor (seller)
t Bonk B as
Trustee for
Certificateholders
$600,000 Million
Recordation Fees
Not Collected by
£
=a
Loeal Records Office | od Si |
5
Assignment from
seerest
$600,000 Million
Not Collected by EF ay Certificateholders
‘el Records, Off to Bank C as
Se
Local Records Office Custodian for
Certificateholders
Secures
urs “rustee
SEE, beige frm
$200.000 wiion | Ei) : Custodian for
Recordation Fees |i