Various reasons come to mind, not the least of which is “Identity Theft”, and or “Fraud”. A couple of examples that have happened in the offices of title companies that were caught based on the two forms of ID process, thereby preventing any serious wrongdoing.
Divorce situations can cause some interesting actions by some of the parties, such as a husband attempting to sell the property without the wife’s knowledge, attending the closing with a woman posing as the estranged spouse. Or the twins posing as one for the other because the appropriate twin had a different function to attend so he sent his brother to the closing for him.
Requiring two forms of identification was the contributing factor in exposing these attempts at forgery, fraud, identity theft or a combination of these issues. It seems that in cases like these the party may have somehow gotten the drivers license, which is a photo ID, and assumed that it would do be sufficient for proof if identity. Yet when a second form if ID is requested, perpetrators seldom have a second form with the same name in there possession.
In the case of the twins, it was not an attempt at fraud, and the correct party was contacted and arranged to come to the closing at a later time. That situation could easily have been prevented with the use of a “Power of Attorney”. The other example, maybe that one should go into the “Stupid Crook Book”, volume three.
And finally, the obvious reason is that our closer will be notarizing some of the documents that you will sign and the “Illinois Notary Act” is very clear as to what form of identification is required.
I hope that this “Title Tip” will clear up some of the concerns that people have regarding our requirements for identification.
Please understand that we are bound by the “Graham, Leach,
Bliley Privacy Act” and all information in our files pertaining to your
identification, short of a court order, will not be given out to anyone at
any time, for any reason.
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