Notaries who charge a tech fee will have to pay close attention to the fees allowed by their state. Mobile notaries can usually lump whatever they want to into the travel fee, but some states have a maximum per-mile cap on those fees. (The idiot legislators in those states don't understand the difference between an employee who is drawing a salary while driving, vs. the independent contractor who should be earning a profit while driving by charging $1 or $2 per mile).
For the typical loan signing the fees we charge are less than if we multiplied the maximum per-act fee by the number of acts, but that might not always be the case. We probably can't charge a tech fee if that would put us over the state maximum notarization fees plus the state maximum travel fee. This would especially be the case if the state allows a higher per-act fee for electronic notarizations; presumably the tech expense is allowed for by the higher per-act fee. |
