Quote:
Originally Posted by XDCX
That may be true but the only ones making any money are the Notary Publics. (Maybe the state makes some money on licensing the notaries but it can't be much.)
...On Craigslist there are ads for Notary Publics who are mobile and will notarize a signature on-sight for $30 - I guess that's always an option.
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NY does not require a notary public to acknowledge the signature on the back of the title. The Notary Public is hardly making a windfall on this type of thing. Notaries Public are allowed under NY state law to charge a nominal fee (such a small amount that it is hardly even worth it). I am guessing that in these Craigslist ads (depending on state laws which are likely similar to NY) the fee charged is broken down in some way, e.g. $2.00 for the acknowledgment & $28.00 travel fee). Additionally, in NY Notaries Public bear significant personal liability for negligently or falsely acknowledging signatures. Again, hardly worth the small fee to justify "making a business" out of it.