PennDOT defines a miscellaneous motor vehicle business (MMVB) as a vehicle salvage dealer, transporter, financier-collector/repossessor, or a person who maintains an established place of business and who is engaged in the business of repair, service or towing of motor vehicles including but not limited to passenger cars, trucks, implements of husbandry and special mobile equipment.
Thanks to industry lobbying efforts, the Pennsylvania General Assembly amended the Board of Vehicles Act of 1983 to increase the fee dealers are permitted to charge for the service of titling and registering vehicles. Senate Bill 1424, signed by Gov. Ed Rendell on July 9, establishes a licensing cost that will be adjusted annually after 2009 according to the federal Consumer Price Index.
Knowing the limitations of your power as a notary is just as important as knowing the Notary Public Law. Here are some circumstances in which your authority to notarize is limited or prohibited.
Act 50 of 2005 amended the Vehicle Code to enable the Philadelphia Parking Authority to work cooperatively with PennDOT to suspend the registrations of vehicle owners who have accrued six or more parking tickets.
Bureau of Motor Vehicles Director Anita M. Wasko and Chief of the Vehicle Inspection Division John P. Munafo published the following information in Safety Inspection Bulletin BI08-2, dated May 2008.
The Pennsylvania Association of Notaries (PAN) is the first state association to offer Signing Agent Errors and Omissions (E&O) Insurance. PAN teamed with a major “A” rated national insurance company to develop and now provide this unique product.
From paper and pens to toner, PAN understands that the cost of doing business as a notary continues to increase.
If you want to obtain extra notary education and must ask your boss’ permission, here’s a sample letter that highlights the benefits of notary education. Please adapt it to your own specific circumstances.
A notary got a call from a loan broker she knew who asked her to notarize loan documents for a couple who wanted to refinance their home. She agreed and met the broker and couple for lunch. The notary asked for identification from the couple and was shown their drivers’ licenses. She notarized the documents and recorded the transaction in her register.
If you are hearing more conversations about electronic notarization these days, that’s no surprise. eNotarization is gaining momentum as a desirable business model in many industries, including the mortgage loan industry. You are probably wondering if you should learn more about it or if it will ever apply to you at all.