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Closing a Loan with an Interpreter
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Closing a Loan with an Interpreter
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Posted by CarolF/NC on 1/14/13 9:46am
Msg #450293

Closing a Loan with an Interpreter

I'm curious if you close a loan with an interpreter do you charge extra and if so, how much?

Reply by Clem/CA on 1/14/13 10:09am
Msg #450294

Can't do it in Ca. If they don't speak the same language as you you can't do the signing. Best to check with your SOS on that.

Reply by CarolF/NC on 1/14/13 10:11am
Msg #450295

NC we can, wondering about fees n/m

Reply by Linda_H/FL on 1/14/13 10:11am
Msg #450296

Although I'm sure you've already done this..

check your notary laws first and make sure use of an interpretor is allowed. I know some states do not allow it - the signers would need to get a notary that speaks their language.

We have specific guidelines here in FL and, honestly, I would have to charge extra simply because I'm sure the interpretor would want to be paid. If I can get an interpretor to do it gratis, I would guess the extra time involved would warrant an additional fee.

JMHO and good luck.

Reply by CarolF/NC on 1/14/13 10:41am
Msg #450298

Interpreter is Paid For...just thinking this takes longer

when using an interpreter and wondering about additional fees from those who do use interpreters

Reply by Malbrough_LA on 1/14/13 12:09pm
Msg #450323

Re: Interpreter is Paid For...just thinking this takes longer

I have used interpreters for testaments which deal with corporeal transactions with a constituent. In Louisiana, we have to treat the formation of the will as though the testator is "deaf and blind." By statute this requires an interpreter, and you are correct that it will take longer to process. For testaments which require this condition I charge an extra $40 on top of my standard fee for testament formation which is approximately $100 (so many variations can arise during the drafting of a testament which is why I state 'approximately').

Either way, I always draft an affidavit which is sworn to by both the testator and interpreter that the aforementioned information contained on the document in question is indeed the intent of the testator subscribed to without undue influence. The testament is read aloud, in the presence of all parties, in both the testator's natural language and English prior to any signatures being put to paper. I have this affidavit prepared in duplicate and keep a copy for my records. Not certain if this helps in any way, shape, or form regarding your transaction; however, this is a CYA scenario which has been explained to me via my SoS.


 
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