Ohio Notary Practice Exam

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Study for the Ohio Notary Exam. Prepare with flashcards and multiple-choice questions, each with explanations. Ensure your success today!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Who needs to sign a mortgage?

The mortgager
The mortgagee
Both the mortgager and mortgagee
A witness

The correct answer is: The mortgager

Generally, the mortgager is the person or entity who is taking out the mortgage loan and using the property as collateral. The mortgager is responsible for paying back the loan and is the one who needs to sign the mortgage document. The mortgagee, on the other hand, is the lender or the entity providing the loan and does not need to sign the mortgage. While both the mortgager and mortgagee have important roles in the mortgage process, only the mortgager needs to sign the mortgage document. Option C stating that both the mortgager and mortgagee need to sign is incorrect in this case. Option D, which suggests a witness is needed, is also incorrect as the mortgage does not need to be witnessed.