Ace the New York State Notary Practice Exam 2025 – Seal Your Success Today!

In New York State, a notary public is prohibited from notarizing a transaction in which they have a financial interest. This is to maintain the integrity and impartiality of the notarization process. Notarization is meant to ensure that the parties involved are acting in good faith and that the notary is serving as an impartial witness to the signing of documents.

When a notary has a financial interest in a transaction, it creates a potential conflict of interest and undermines the trust placed in the notary’s role. The ethical guidelines for notaries are designed to uphold a standard of neutrality, ensuring that the notary's personal interests do not interfere with their duties. Therefore, the assertion that a notary public can notarize a transaction in which they have a financial interest is false.