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Notary Fees and Compensation Flashcards

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  1. Who sets the maximum fees Mississippi notaries may charge?

    Answer: State law and the Secretary of State's administrative rules

    Notary fee caps come from Mississippi statute and rules administered by the Secretary of State.

  2. A Mississippi notary performs a jurat for a document that is 40 pages long. How does document length affect the fee?

    Answer: It does not; the fee is per notarial act, not per page

    Mississippi fees are charged per notarial act regardless of the document's length.

  3. A notary's neighbor asks for a free notarization, and the notary agrees. Later a stranger is charged the maximum fee for the same service. Is this permissible?

    Answer: Yes, as long as no charge exceeds the maximum and refusals are not discriminatory

    Notaries may vary fees at or below the cap, provided they do not unlawfully discriminate.

  4. A signing service offers a Mississippi notary $150 for a loan signing appointment. How is this typically justified?

    Answer: Most of the payment compensates non-notarial services like travel, printing, and courier work, not the notarial acts themselves

    Loan signing compensation covers ancillary services, while the notarial acts themselves remain subject to the per-act cap.

  5. A client pays a Mississippi notary in advance, but the signer fails the identification requirements and the act cannot be completed. The most ethical course is to:

    Answer: Refund the notarization fee since no notarial act was performed

    A fee is earned only when the notarial act is actually performed, so an unearned fee should be returned.

  6. Why should a Mississippi notary keep records of fees charged even though the amounts are small?

    Answer: Records support tax reporting and defend against complaints of overcharging

    Fee records protect the notary in audits, tax filings, and disputes over what was charged.

  7. A Mississippi notary is offered a percentage of a real estate deal's value as payment for notarizing the closing documents. The notary should:

    Answer: Decline and charge only lawful per-act fees, since compensation tied to the transaction's value creates a conflict of interest

    A financial stake in the transaction disqualifies impartiality and exceeds lawful fee limits.