OK Notary Notary Fees and Compensation 3

Question 1

An Oklahoma notary charges $50 to notarize a single document. What law does this violate?

Accepted Answer

Oklahoma's statutory fee cap of $5 per notarial act

Answer

Charging $50 for a single notarial act far exceeds Oklahoma's $5 statutory cap and is a violation of notary law.

Question 2

May an Oklahoma notary charge a higher fee for rush or after-hours notarizations?

Accepted Answer

No, the $5 per act cap applies regardless of timing

Answer

Oklahoma's statutory fee cap of $5 per notarial act applies at all times, regardless of when or how urgently service is rendered.

Question 3

An Oklahoma notary public advertises notary services. What must the ad disclose if fees are mentioned?

Accepted Answer

The actual fees charged, which must not exceed statutory limits

Answer

Any fee advertisement must accurately reflect the actual charges, which cannot exceed the statutory $5 per act maximum.

Question 4

In Oklahoma, notary fees collected by a self-employed notary are subject to which tax treatment?

Accepted Answer

They are taxable self-employment income

Answer

Notary fees earned by a self-employed notary are subject to federal and state income taxes as self-employment income.

Question 5

A signer refuses to pay the notary fee after the notarial act is completed. What is the notary's best recourse?

Accepted Answer

Pursue the fee through small claims court

Answer

A notary may pursue unpaid fees through small claims court, but may not invalidate a completed notarization or withhold documents.

OK Notary - Oklahoma Notary Exam Practice Test