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What is a Guranteed Signature?

What is a guranteed signature? Is it like a notary?

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Signature guarantees are generally used when stocks are involved. Much has changed to a Medallion Signature Guarantee Program which requires a lot of registration and record keeping. If it was compared to a Notary, it would be a Notary on steroids.

Published on BankingQuestions.com 1/14/10