Notary Fees and Compensation Flashcards

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

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

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

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

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

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

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

Answer: The actual fees charged, which must not exceed statutory limits

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

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

Answer: They are taxable self-employment income

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

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

Answer: Pursue the fee through small claims court

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

Which of the following may an Oklahoma notary NOT do regarding fees?

Answer: Demand payment before performing the act

While notaries may require payment, demanding payment upfront before completing the act is not standard practice and can be considered coercive; payment is typically collected after performance.