California Government Code

§ 8224

GOV § 8224Div. 1 · Title 2 · Ch. 3 · Art. 1

Statute text

A notary public who has a direct financial or beneficial interest in a transaction shall not perform any notarial act in connection with such transaction. For purposes of this section, a notary public has a direct financial or beneficial interest in a transaction if the notary public:

(a)With respect to a financial transaction, is named, individually, as a principal to the transaction.

(b)With respect to real property, is named, individually, as a grantor, grantee, mortgagor, mortgagee, trustor, trustee, beneficiary, vendor, vendee, lessor, or lessee, to the transaction. For purposes of this section, a notary public has no direct financial or beneficial interest in a transaction where the notary public acts in the capacity of an agent, employee, insurer, attorney, escrow, or lender for a person having a direct financial or beneficial interest in the transaction.

Legislative history

Added by Stats. 1977, Ch. 1009.