Posted by Mary Pierce on 1/18/05 7:29am
Msg #17164

stupid question

I know this is a stupid question but here it goes. Does anyone charge the borrower for their notarization on top of your fee? I don't. Just wondering if anyone does.

Reply by Joan-OH on 1/18/05 7:33am
Msg #17165

The fees you charge the Signing Company or Title Company include your notarization fee....all in one package. Now if the borrowers says "Oh, by the way, since you are here, can you notarize this......." - then you can charge the borrower your state allowed fee.

Joan-OH

Reply by Mary Pierce on 1/18/05 7:44am
Msg #17166

I figured that but that question just "popped" into my head.

I'm curious as to what most states allow you to charge. PA is $2 per notarization and if there are 2 signatures I can charge $1 for the additional signature. Somewhere in my newsletter from the notary assoc. I belong to I see they are trying to raise it to $5 in 2006.

Reply by Ali-IL on 1/18/05 10:23am
Msg #17187

It would be nice if they raised notary fee in my state.It is only .50 here in Illinois and Wisconsin.And, I know about trip fees.

Reply by Paul_IL on 1/18/05 12:08pm
Msg #17202

Ali,
The Illinois fee is $1 per, not $.50

Reply by DaveCA on 1/18/05 10:23am
Msg #17188

CA maximum fee's are basically $10.00 for each notarized signature on an acknowledgment or jurat.

Reply by Joan-OH on 1/18/05 10:57am
Msg #17191

Ohio is $1.50 for a Jurat & $2.00 for an acknowledgement, which just means I will be paying more Self-Employment tax than those more enlightened ones on the West Coast.

Joan-OH

Reply by Sue/AZ on 1/18/05 12:14pm
Msg #17204

The max you can charge in AZ is $2.00.

Reply by Tryber - Carla on 1/18/05 12:22pm
Msg #17205

Joan:
I might have this wrong but have you looked into how they tax a notary? In our OR we charge $5 per stamp if you stamped $10 sheets there was no self employment tax due. Go to the NNA site and ask them about self employment tax. We were told we do not pay it and I believe my CPA does not file for it.

Reply by Joan-OH on 1/18/05 12:50pm
Msg #17212

That is exactly what I am talking about. When some from CA can "write off" $10 per notorization off their self-employment or SS tax and I can only write off $1.50 - $2.00 each. They can write off more, but it costs them LOTS more to live there so I won't begrudge them their $100 write off. Of course they also have sunny weather while we are in the midst of a deep freeze.

Joan-OH

Reply by Happy in Fl on 1/18/05 1:09pm
Msg #17215

Your question was not a stupid one-- The only stupid question is the one not asked..Heard that from a wise old teacher in school many years ago. A good thought to remember.

Florida is also $10-- (Do we get the title of "enlightened ones" also? Please, may we?

We even passed Chad 101 now--that should count for something.

Reply by Ted-MI on 1/18/05 4:06pm
Msg #17237

Joan,

It's ten bucks per signature in Michigan too.