The 1099 comes from the person that hired you. If the veteran were making a case that he gets his notarizations for free that's one thing, but I'd be surprised that there is a line item for the notary fee on the HUD. SO, then you'd have to wonder if he was actually charged for 'notary fees'.
If we were actually paid 'notary fees' @ 10.00 a signature, for VA loans I'm sure CA notaries would be charging much, much more than $120.00 dollars a 'loan signing'.
What we are doing is actually assigning a percentage of our 'Signing Fee' to notarization s so that we don't have to claim the income on our SE taxes. BUT, signing fees are never (at least never by me) negotiated by number of notarized signatures when doing loan signings.
Like I said, if we did some loans would cost upward of 200+.
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