Notary Fees and Compensation Flashcards

An employer pays their employee-notary's salary and the notary performs notarizations as part of their job. Who keeps the notary fees collected?

Answer: The employer, unless they authorize the notary to keep them

When a notary acts in the course of employment, fees collected belong to the employer unless the employer grants permission for the notary to keep them.

An Oklahoma notary is asked to notarize a document but is unable to complete the act. May they charge a fee?

Answer: No, fees may only be charged for completed notarial acts

An Oklahoma notary may only charge a fee when a notarial act is successfully completed.

A notary charges $5 for an acknowledgment and $5 for a jurat on the same visit. Is this permissible?

Answer: Yes, each is a separate notarial act

Because each notarial act (acknowledgment and jurat) is separate, each may be charged the $5 statutory fee.

What must an Oklahoma notary provide if requested by the signer regarding fees?

Answer: A written receipt

A notary must provide a written receipt for fees if the signer requests one.

A government agency instructs its notary employee to charge no fee for public services. Is this permissible?

Answer: Yes, employers may set fee policies for their notaries

Employers, including government agencies, may instruct their notary employees to waive or forgo fees.

Which type of Oklahoma notary service typically does NOT involve a fee charged to the signer?

Answer: Bank employee notarizations for customers

Banks often provide free notarization to account holders as a customer service, with the bank absorbing the cost.