Posted by TERRY BOXER REAL ESTATE BROKER on 5/6/07 11:47pm
Msg #189149

LSI

LSI IS ASKING US TO LOWER DOC FEES TO 18.00 HOW DOES EVERONE FEEL
PLEASE E MAIL ME TO TERRY BOXER
[e-mail address]

Reply by Negrete on 5/7/07 7:33am
Msg #189163

OK Lets see here, how to answer this question?
The price of gas is going UP.
The price of paper is going UP.
The price of evrything is going UP, and LSI would like the notaries that cut there fees for documents to $18.

I hope I speak for the whole notary community and that LSI should be paying more for our services. Just beacuse the refi & purchase market of real estate is slowing down and LSI is not making as much money as they use to DOES NOT mean that we are going to cut our fees.

Anthony J Negrete
Negrete's Notary Service Inc.

Reply by JS_MD on 5/7/07 7:57am
Msg #189165

Well said Anthony..........There is no way in hell I am reducing my fees either.

Reply by LJ on 5/7/07 8:44am
Msg #189168

If that's the way they want to do this, I'll lower my print fee to $18 and raise my base fee $25. Problem solved.

Reply by Bruce Bates on 5/7/07 9:35am
Msg #189175

I've considered raising my base fee because of the rise in my cost of doing business. LSI should be greatful that notaries haven't already raised their prices.

Reply by JinCA on 5/7/07 10:10am
Msg #189179

I am very concerned about this as well. I do a lot of work for this company, and can't afford to blow them off. Only about 1/4 of the work is e-docs, but this is an insult. It seems LSI's reasoning for lowering their e-doc fees does not take into acct time we spend doing it, only the cost of materials. Hell, gas here is almost $4.00/gallon! I will have to raise my fees.
It would be great if all Notaries could band together and just say NO!

Reply by Keystone/PA on 5/7/07 11:32am
Msg #189191

I will be raising my fees to cover the cost of gas, time, etc...

Reply by jkobleur_GA on 5/8/07 1:23pm
Msg #189372

Yes, but

"It would be great if all Notaries could band together and just say NO!'

Just a quick note to remind all that any agreement between or among competitors on pricing of goods or services is a per se violation of the anti-trust laws. No reason to think the FTC or DOJ would want to come after frys as small as us but better safe than sorry.

The Bar Association of Georgia used to have an official fee schedule back in the 1960s but was forced to discontinue it after the courts ruled that the anti-trust laws applied to professional services. Notaries would almost certainly be covered by the same restrictions.

Reply by Pierces Notary Services on 5/7/07 4:30pm
Msg #189265

I just got a call from them today to do a closing and nothing mentioned about the lower fee. She gave me what I normally charge.