What Is Notary and Why We Need Their Service?
Though nowadays it has become easy to apply loan online, in some cases we need paperwork to get notarized to ensure the document signer is genuine. In that case, you will have to meet the notary public either in-person or digitally. Retaining a notary is also beneficial to safeguard yourself against fraud.
A notary public is usually selected by the state government or government authorities like court. The main purpose of notary is to serve public, as an neutral witness to avoid fraud by verifying the authenticity of legal documents to be signed and ensure that all signers are who they claim they are.
If you are in search of an efficient, reputed notary public, contact GKG notary London who has over thirty-eight years of experience. They provide services like, affidavits, transfer of documents, statutory declaration, travel consents, verification of identity documents and such. You can avail these services quickly and efficiently.
Duties of Notary Public
The main role of a notary is to verify the authenticity of documents and create trustworthy environment for parties involved and make sure the parties are aware of the contents of the documents and signing on their own will.
For getting notarized, legal documents must meet certain requirements like, original signatures of the parties that are involved in the agreement, photo identification etc.,
If the documents are clear and meet the requirements, the notary will issue the notarial certificate affixing the seal of notary on the document. On the other hand, if the document doesn’t meet the requirements, the notary may refuse authenticating the document.
With the certificate of notary, you can be confident enough to enter into an agreement.
Notaries do charge a fee for their service since they do not receive a remuneration from government. If you need your document to be notarized, you may need to pay a fee for that. Having knowledge on this is helpful to avoid unnecessary delay in document processing.
Depending on the state where you get the document notarized, the charges vary. And it may be for per-person or per-signature basis.
While the basic fee is low, the charges may add up in some situations like, loan modifications, purchases, second mortgage docs, reverse mortgage docs, after hours, additional borrowers, cancellations, printing costs, document delivery, birth certificate applications and waiting time.
Mobile notaries may charge you travel fees apart from the notary fee. They charge you this for making the trip to your location. Usually this fee is reasonable and agreed between the signer and the notary. So, if you are hiring mobile notaries, to avoid conflict on travel fees, inquire with the notary before requesting a visit.
Notary fees for purchasing loans and refinancing may be bit higher. The charge is high since there is so much of work involved in the process and the notary will have to spend for paper works and other business expenses. They may also charge you for per-signature. Mostly the fees will be negotiated between the parties involved.
Most notaries will be charging what is allowed by the state. If in case you feel that you are being overcharged, contact your state’s agency who is responsible for notaries.