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"Notary Public" fee disclosed to borrowers ...
Posted by BobbiCT of CT on 1/22/21 11:33am Msg #628735
Not surprised. Each state is different. For example, CT allows $5 per notarization (law does not specify if 2 people appear simultaneously and are on the same ONE notarization block is that a $5 or $10 fee ... different answers from different SOTS staff). It allows 35 cents per mile for travel. It does NOT allow a notary PUBLIC OFFICIAL to charge a "convenience" fee or for anything else.

SO, if the Notary Signing Agent cost, which is more than just $15 for notarizations, is a separate line item on the Closing Disclosure or ALTA HUD-1 ... In CT you want to see "Signing Agent fee" never "Notary fee" or "Notarization fee."

Consumers and State and Federal Auditors look at notary fees posted publicly on the Secretary of State website, say $5" or "$25" per notarization, compare that with the number of notarizations to what the borrower was changed on the Closing Disclosure and think "Overcharged what was allowed by State law." (Example: Count 4 notarizations for a total of $20, the Closing Disclosure states the borrower was charged $125 for "Notary Public." Safest way: "Signing Agent Services," which can include notarization fees. As CA notaries have pointed out, often the actual notarizations fees would be more than the Signing Agent fee that they charged.
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Messages in this Thread
 Class action lawsuit brewing for notaries - Luckydog on 1/21/21 5:15pm
 Re: Class action lawsuit brewing for notaries -  canotaryhere on 1/21/21 5:32pm
 This was a huge legal issue in NC, where the fees showing -  MW/VA on 1/21/21 6:02pm
 Re: This was a huge legal issue in NC, where the fees showing - Luckydog on 1/21/21 6:16pm
 Re: This was a huge legal issue in NC, where the fees showing - SteveS/CA on 1/21/21 8:12pm
 True...but NC limits travel fees - Linda_H/FL on 1/21/21 9:34pm
 Re: This was a huge legal issue in NC, where the fees showing - Luckydog on 1/22/21 8:15am
 Agree LD - if not in my home county I refer them here - Linda_H/FL on 1/22/21 11:56am
 Re: This was a huge legal issue in NC, where the fees showing - SteveS/CA on 1/25/21 2:04pm
 Re: Class action lawsuit brewing for notaries - VT_Syrup on 1/21/21 7:09pm
 Re: Class action lawsuit brewing for notaries - jnew on 1/21/21 7:49pm
 Re: Class action lawsuit brewing for notaries -  JanetK_CA on 1/22/21 3:25am
 Re: Class action lawsuit brewing for notaries - Lee/AR on 1/21/21 8:01pm
 Re: Class action lawsuit brewing for notaries - ArtG/KS on 1/21/21 11:53pm
 Re: Class action lawsuit brewing for notaries -  Cheryl Elliott on 1/22/21 7:39am
 Re: Class action lawsuit brewing for notaries - Luckydog on 1/22/21 8:19am
 Re: Class action lawsuit brewing for notaries -  JanetK_CA on 1/24/21 8:21pm
 "Notary Public" fee disclosed to borrowers ... - BobbiCT on 1/22/21 11:33am
 Re: "Notary Public" fee disclosed to borrowers ... - rengel/CA on 1/24/21 7:32pm
 Re: Class action lawsuit brewing for notaries - NVLSlady/VA on 1/22/21 8:58pm
 Re: Class action lawsuit brewing for notaries - Signerbill on 1/26/21 3:47pm



 
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