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September 25, 2017

Notary Blog: Structured Settlement in Berea


A Structured Settlement Agreement and attached Questionnaire consisting of approximately 40 pages were completed by a local Greenville, South Carolina resident near White Horse Road 29617.

Many thanks to the diligence of JSJ Management, LLC. out of Delray Beach, FL 33446, for seeking a Notary Public for their assignment.

When a person holds an Annuity, they receive metered payments from that Annuity,  whether it be for a period of years or for their lifetime.  There are many companies out there that seek out individuals and ‘offer’ them a lump sum payment. In other words, payments can be bought for a price.

Due to South Carolina’s strict laws against usury, the practice of making unethical or immoral monetary loans that unfairly enrich the lender, it is hard for companies’ agreements to be accepted by local officers of the court.  We will add to this definition not only to include loans, but also, ‘claims’ overall.

The Oversight for this assignment was conducted by State of South Carolina Notary Public Signing Agent Sonita M. Leak on the morning of Friday, December 2, 2016.  Thank you to our long-standing customer in Berea for opening his home to us.

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