Posted by Titlikobenidia Suartha on 4/1/06 1:26pm
Msg #110258

New Notary Agent

I am a new notary and want to know how much money to charge on a regular notary. People say that i am to charge 150-200. How much do you charge for a notary?

Reply by Raimond on 4/1/06 1:29pm
Msg #110259

Your state decides how much you can charge for a "Notary Act"

As a signing agent, you charge for a differant set of services....

Use the search button and look for new, newbee....

Reply by Titlikobenidia Suartha on 4/1/06 1:39pm
Msg #110260

You a notary from Califorynia, how much do you charge for a notary? What do you get paid for a regular refinance?

Reply by Titlikobenidia Suartha on 4/1/06 1:40pm
Msg #110261

I thank anyone for their help.

Reply by KBLedgard_CA on 4/1/06 1:41pm
Msg #110263

The fee you can charge will be dictated by your Secretary of State. In California, we can charge $10 per notarization. In Texas, I believe it's only $6 (I may be wrong about TX). However, the point is each state sets the limit you may charge. Some states require that a special license/certification and I believe Maryland is one of them. You should also check msg #33325. That has a lot of helpful information. Also keep in mind that some states control how much you can charge for being mobile and traveling to a customer, some do not.
Understand that you what you put into this venture in terms of advertising, signing up with signing services and training will be a good indicator of how profitable you will be. Finally, read, read, read all the information you can get your hands on. Read your states handbook, read the threads on here. Use the orange search tab, many questions that you may have may have already been answered. Add your state abbreviation to you forum alias so that the people with knowledge of that state's law can help.

Reply by Leon_CO on 4/1/06 1:59pm
Msg #110269

Titlikobenidia, if you click on the orange "Search" tab and do a search on "fees" you'll find a lot of different topics on how to set your fees for loan signings. There are a lot of things to consider, such as what type of loan package it is, how much work is involved, how far you have to travel, ... to name a few. There are lots of possible add-ons to your fees that you'll see if you go through those messages.

There's a good tool on this site. Click on "The Library" tab go to the "CAT". It will give you some ideas on how to set your fees.

Another source is the NNA's website. They have a fee schedule, albeit on the low side. But it will give you something to work with. If you're not a member of the Notary Signing Agent section I can email a list of fees to you ([e-mail address]) and answer any other questions you have regarding how much to charge, which tools and sources to use for setting fees, etc.

Good luck.

Reply by Anonymous on 4/1/06 3:08pm
Msg #110277

I am new as well. I asked some questions before and got rude answewrs. I was looking through the things that have been mentioned on this posting and it helped me a lot as well.

For those that do try to help us newbees thank you.

Reply by Genkichan on 4/1/06 2:25pm
Msg #110272

Let me help you..

I noticed that you posted from Maryland. And forgive me for saying so, but you sound very "green." READ the notary handbook carefully from the SOS website. You can charge a whopping $2.00 per stamp here. And DON'T even THINK about performing loan signing services in this state until you have obtained your MD Title Producer Licenses. Conducting remote loan closings in this state without the proper licensing is ILLEGAL and can get you and all the nationwide title companies into a boat load of trouble. Being just a notary does not cut it around here. Contact the Maryland Insurance Administration for more information.

Best of luck to you.

Reply by Anonymous on 4/1/06 3:11pm
Msg #110278

Re: Let me help you..

I am from CA and we can charge $10 a signature. But for loan docs we can charge more. My sister lives in MD and said the same thing you did. She is a notary and has to get the MD Title Producer Licenses.

That makes it harder for you all back there

Reply by Genkichan on 4/1/06 5:39pm
Msg #110303

Re: Let me help you..

You are correct. Our licensing requirements make it difficult and more expensive to be in the business of acting as a loan signing agent. And yes, we actually do command higher fees as signing agents than those in many other parts of the country. Then again, those folks in other states that have been in this business for several years can often successfully charge our higher rates too, even if their areas are highly saturated (ie like parts of CA).

Original poster was asking how much to charge for a regular notary...so I just posted the correct info for MD. Everyone can and does (or should) charge more than just notary fees to act as a loan signing agent. Nothing wrong with it at all. We are all more than just notaries in this case, regardless of the state.