Section 8224 Of Chapter 3. Notaries Public From California Government Code >> Division 1. >> Title 2. >> Chapter 3.
8224
. 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.