It creates a sworn, dated legal record of exactly when the deponent's signature changed, so banks, government offices, and other institutions have an official effective date to apply going forward.
The deponent's identity is fixed by name, relation (S/o, W/o, D/o, or Wd/o), and address, tying the signature change to one specific, verifiable individual and preventing ambiguity with others of a similar name.
By presenting both the Old Signature and New Signature side by side, the form gives record-keepers a direct specimen comparison, which is the actual basis on which they update their files.
The closing "DEPONENT" designation and signature line make this a sworn statement rather than an informal note, which is what gives it legal weight and makes false information in it consequential for the signer.
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