I’m a Notary Signing Agent. Should I record my full signing fee in my Notary journal? If not, what do I put in the fee section? — V.T., Utah
First of all, keeping a journal in Utah is not required, so just how you record information in your journal is up to you. Strictly speaking, the fee you receive from the signing company or closing agent is not a notarial fee. It covers all you do as a signing agent, including notarizing signatures on closing documents. Thus, you aren’t charging for the notarizations you perform. One possibility is to record “0” in the fee column of your journal and make a note that you were paid a flat fee for a loan signing on that date. Make sure you keep separate business records of all of the invoices and payments for loan signings you perform.
Hotline answers are based on the laws in the state where the question originated and may not reflect the laws of other states. If in doubt, always refer to your own state statutes. – The Editors
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