Notary Public Exam: Fees & Liability
Master the essential rules governing notary fees and liability for the Notary Public Exam. These 20 flashcards cover maximum fee schedules, prohibited fee practices, civil and criminal liability, errors and omissions insurance, and surety bonds to help you pass with confidence.
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Preview Questions
Question 1
What term describes the highest amount a notary is legally permitted to charge for a single notarial act?
Answer
The maximum statutory fee. Each state sets this limit by statute, and notaries may charge at or below this amount but never above it.
Question 2
In most states, what is the typical maximum fee a notary may charge per acknowledgment signature?
Answer
Most states set the maximum fee between $5 and $15 per signature for an acknowledgment, though the exact amount varies by state statute.
Question 3
May a notary charge a separate travel fee in addition to the standard notarial fee?
Answer
Yes, in most states a notary may charge a separate, reasonable travel fee for traveling to a signer, provided the signer agrees to the travel fee in advance.
Question 4
What must a notary do before charging any fee for a notarial act?
Answer
The notary must disclose the fee amount to the signer before performing the act, ensuring the signer agrees to pay it.
Question 5
Is a notary required to charge the maximum statutory fee for every notarial act?
Answer
No. Statutory fees are maximums, not minimums. A notary may charge less than the maximum or even waive the fee entirely at their discretion.
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