Posted by ChrisseyNJ on 12/4/09 6:59am
Msg #313084
Profile info: "Standard fee"
In the state of NJ, the maximum fee for an acknowledgement is $2.50 per signature. Max fee for a jurat is $1.00 per signature.
In the fees section of the profile information, may I suggest an option for "Maximum fees specific for each act in the State of Commission"
I see plenty of notaries in the State of NJ who tread on the line of breaking the law when it comes to charging their fees. "Travel" fees are not expressly addressed in the statues, and notaries can be competitive in this fee. However, the fees for the specific notarial acts are capped at a maximum in the statute. (section 22A:4-14)
It would be nice if your site gave us the ability to indicate that we abide by the legally applied limits.
| Reply by desktopfull on 12/4/09 7:32am
Msg #313088
Florida's notary fees are also set by the state, but our fees for a closing aren't just for the notarial work. I post an all inclusive fee for my work and then divide the fees when they are entered in quickbooks so that I'm not paying social security taxes on the notary income. Just curious as to why would you assume that NJ notaries are breaking the law by posting an all inclusive fee?
| Reply by Linda_H/FL on 12/4/09 7:36am
Msg #313089
Chrissey - may I suggest you revisit your handbook and your statutes again - your fees are per notarial act, not per signature, and from your state's website regarding fees:
"WHAT ARE THE FEES FOR NOTARY SERVICES?
The following are fees that Notaries may charge:
NOTARY SERVICES FEE
Administering an oath/affirmation $2.50/ea
Executing a jurat $2.50/ea
Taking proof of a deed (proof of execution) $2.50/ea
Taking an acknowledgment $2.50/ea "
Your fees are per notarial act, not per signature -
http://www.state.nj.us/treasury/revenue/dcr/geninfo/notarymanual.htm
And per New Jersey Statute 22A:4-14:
22A:4-14. Acknowledgments, proof, affidavits and oaths.
22A:4-14. For a service specified in this section, foreign commissioners of deeds, notaries public, judges and other officers authorized by law to perform such service, shall receive a fee as follows:
For administering an oath or taking an affidavit, $2.50.
For taking proof of a deed, $2.50.
For taking all acknowledgments, $2.50.
For administering oaths, taking affidavits, taking proofs of a deed, and taking acknowledgments of the grantors in the transfer of real estate, regardless of the number of such services performed in a single transaction to transfer real estate, $15.00.
For administering oaths, taking affidavits and taking acknowledgments of the mortgagors in the financing of real estate, regardless of the number of such services performed in a single transaction to finance real estate, $25.00.
L.1953, c.22, s.11; amended 1964, c.205; 2002, c.34, s.48.
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| Reply by ChrisseyNJ on 12/4/09 10:00am
Msg #313105
Thank you for setting me straight on the current fees.
Apparently, I memorized old information.
My point is the same. "Standard fee" is set by statue, not by the notary performing the act. Travel fees are separate, and those are noted separately on Notary Rotary profiles.
| Reply by MW/VA on 12/4/09 8:41am
Msg #313098
"It would be nice if your site gave us the ability to indicate that we abide by the legally applied limits". IMO, every notary is required to know the state mandated fees for notary work.
If a notary would be charging in excess of the state's maximum fees, they would be guilty of misconduct & lose their commission.
Most of the people on this site are in business as NSA's, which is a different matter altogether.
| Reply by Bob_Chicago on 12/4/09 9:01am
Msg #313101
Agree, Illinois has a max of one whole dollar and makes
no mention of travel fees.
Accordingly the only general notary work that I do is probono .
Got a call the other nite for an "emergency" after all "public "notaries were
closed and party had an early flight the next day.
Had them meet me a local Mickey Ds. When they asked me about money, I
told them to buy their kids an ice cream.
Usually I just them to go to a currency exchange or a UPS store.
| Reply by Linda Juenger on 12/4/09 9:14am
Msg #313104
Re: Agree, Illinois has a max of one whole dollar and makes
I've done that so many times too Bob, just do it and forget the whole $1. I do have one family that calls about every 6 months or so to notarize some kind of sports thing so their son can live with another family. The first couple times I didn't take anything but this last time they forced a $20 on me. I told them the next couple are on me. If that kid ever makes it into the big time hockey scene, they better remember me. lol
| Reply by droman_IL on 12/4/09 11:26am
Msg #313112
Re: Agree, Illinois has a max of one whole dollar and makes
I actually get calls from attorneys and other people who want me to notarize POAs, DNRs, medical school applications and wills. Typically I do defer them to currency exchanges but sometimes they can't go to one (time constraints, home bound, handicapped, etc.) I do charge a travel fee plus $1.00 for each document notarized. In this economy, I'm sorry, but unless they come to my door, I have to charge a travel fee. Customers do not seem to have a problem paying for the travel fee. I had one woman call on a Sunday evening- I never work on Sundays. She begged for me to send someone out- said she couldn't find anyone and her document needed to get shipped out notarized. I told her most notaries don't work on Sundays and if I found someone, they would charge a LOT. She asked how much was a lot, and I threw out $150 for the trip, $1 for the notarization. She said the notarization hinged on a 3 million dollar deal, and she would gladly pay that fee. So I sent someone. $150 for travel, $1.00 for the notarization. At $3.00 a gallon for gas, that $1.00 is a 1/3 of a gallon of gas!
| Reply by Les_CO on 12/4/09 7:46pm
Msg #313139
Re: Agree, Illinois has a max of one whole dollar and makes
Well Bob you just destroyed Laura_V’s advice on how to make big bucks as a Notary. She usually has her very wealthy, most often ‘movie stars,’ always extremely intelligent and attractive, clients meet her at her “satellite offices” (M’c D’s) to do a simple notarization, which she charges grotesque amounts of money for…and usually not only gets the cash, but many ‘gifts, and presents’ from the grateful clients to boot. Remember she gets at least $250 plus to do a closing, takes no assignments from TC, SS, lender, or their ilk, only does this IF she’s contacted by the borrower/purchaser/seller. They bring her the docs, (along with her cash fee).
Pro Bono? Good thing you’re not in the Vancouver area!
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