NSA Section
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NNA Fee
Schedule Reflects Minimum NSAs
Should Accept
Notary Signing Agents are hailing
the National Notary Association’s
introduction of a fee schedule for
their services — but they want it
made clear that the schedule
reflects the minimum they should
receive for their services.
Jack Helsel, a Signing Agent who
works in Placer County, California,
said Signing Agents and those they
contract with should have a clear
understanding of what the guidelines
mean.
"I would hope that it is clear to
everyone that this schedule sets the
minimum for what Signing Agents
should be paid," Helsel said.
"Notaries have been paid well below
what they are worth. It’s about time
we are paid what we are worth."
The fee schedule, introduced in
the winter edition of NSA Today,
recommends that Certified Notary
Signing Agents receive at least $65
for the first set of loan documents,
while the base fee for noncertified
Signing Agents is $50.
Here is the schedule of
minimum fees for Notary Signing
Agents:
|
Certified Signing Agent
Minimum Fees |
| First set of
loan documents |
$65 |
| Second set
of loan documents |
$35 |
| E-mailed
loan documents |
$85 |
| Cancellation
(two hours or less) |
$35 |
|
|
|
Noncertified Signing Agent
Minimum Fees |
| First set of
loan documents |
$50 |
| Second set
of loan documents |
$25 |
| E-mailed
loan documents |
$75 |
| Cancellation
(two hours or less) |
$25 |
"The new schedule of minimum fees
is not a legal requirement but
rather a strong recommendation based
on fair treatment to all parties
involved in a loan transaction,"
said NNA President Milt Valera.
"Self-regulation in the industry
is preferred over the difficult
process of enacting minimum fee laws
in all 50 states," Valera said. |
