Clarifying the Distinction: Medallion Stamps vs. Notary Embossers
In a query dated January 4, 2024, an individual sought clarification on whether Notaries can provide "Medallion Stamps" to customers. The inquiry highlighted confusion among colleagues regarding the similarity between an embosser and a Medallion Stamp. The response emphasized the clear distinction between the two and underscored that Notaries are not authorized to offer "Medallion Stamp" services as part of their official duties.
The article clarified that, contrary to common belief, a Medallion Stamp is not a notarial act but rather a specific type of signature guarantee within the banking industry. Notaries, particularly those working in banks or financial institutions, might be asked for a "Medallion Signature Guarantee," which is distinct from their traditional notarial functions.
To provide further insights, the readers were directed to an informative article titled "‘Medallion Signatures’ explained."
The response concluded by reminding readers that hotline answers are tailored to the laws of the state from which the question originated, and individuals should always refer to their state statutes when in doubt.
Additionally, the article encouraged NNA members to leverage the expertise of NNA Hotline consultants for assistance with challenging notarizations, reaffirming the valuable resource available to members.
Comments