Notarial Fees and Records Flashcards
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Read the first 6 Notarial Fees and Records flashcards as text
When a New York notary charges a fee for taking a deposition, the fee is based on:
Answer: An hourly rate up to the statutory maximum
Deposition fees in New York are charged at an hourly rate up to the statutory maximum of $7.50 per hour.
If a New York notary performs a notarial act and the client disputes paying, the notary's best proof of the service rendered is:
Answer: A contemporaneous journal entry recording the notarial act, date, and fee
A contemporaneous journal entry is the best evidence because it was recorded at the time of the act.
For New York notarial purposes, which of these is an example of a proper identification document a signer may present?
Answer: A state-issued driver's license with photo
A government-issued photo ID such as a driver's license is the appropriate identification for notarization purposes.
The notary public fee schedule established by New York Executive Law §136 applies to:
Answer: All notaries including bank employees and government workers
The statutory fee maximums apply to all New York notaries regardless of their employment situation.
When a New York notary retires or the commission expires without renewal, records of past notarizations should be:
Answer: Retained for a reasonable period and made available if needed for legal proceedings
Former notaries should retain their records for a reasonable period as they may be needed in future legal proceedings.
A New York notary who is an employee of Company A is asked by an employee of Company B to perform a notarization. The notary may:
Answer: Notarize for any person at any time as a licensed public officer
A notary public commission authorizes service to any member of the public, not just the notary's employer.