Launching and Running a Notary Business in Wisconsin
Are you interested in starting your own notary business in the state of Wisconsin? Becoming a notary public can be a rewarding career choice, allowing you to serve your community and provide essential services to individuals and businesses. In this article, we will explore the ins and outs of launching and running a notary business in Wisconsin, including the fees that can be charged for various services and additional charges allowed for mobile, loan closing, or remote online notarizations.
Understanding the Role of a Notary Public
Before diving into the details of starting a notary business, it’s important to have a clear understanding of the role and responsibilities of a notary public. A notary public is an official appointed by the state government to act as an unbiased witness during the signing of important documents. Their primary role is to verify the identities of the parties involved and ensure the authenticity of the signatures.
Notaries in Wisconsin have the authority to administer oaths and affirmations, take acknowledgments, certify copies of documents, and perform other notarial acts. It’s crucial to adhere to the guidelines and regulations set forth by the Wisconsin Department of Financial Institutions.
Getting Started: Becoming a Notary Public in Wisconsin
Now that you have a clear understanding of the role, let’s explore the process of becoming a notary public in Wisconsin. To become a notary, you must meet the following requirements:
- Be at least 18 years old
- Be a legal resident of Wisconsin
- Be able to read and write in English
- Not have been convicted of a felony unless pardoned
Once you meet these requirements, you can apply for a notary commission through the Wisconsin Department of Financial Institutions. The application process involves completing an application, paying the necessary fees, and submitting the required documents. It’s essential to familiarize yourself with the specific requirements outlined by the department.
Fees Charged by Notaries in Wisconsin
As a notary public, you have the right to charge fees for certain services you provide. However, it’s crucial to comply with the fee schedule established by the Wisconsin Department of Financial Institutions. Here are some of the fees that can be charged or typically collected by notaries in Wisconsin:
- Taking an acknowledgment: $5
- Administering an oath or affirmation: $5
- Witnessing or attesting a signature: $5
- Verifying a vehicle identification number (VIN): $5
- Taking a deposition, per page: $3
- Providing a certified copy: $3 per page
It’s important to note that notaries cannot charge fees for notarial acts related to elections, including voter registration or absentee ballots.
Additional Charges for Special Notarial Acts
In addition to the standard fees, notaries in Wisconsin can charge additional fees for special notarial acts. These acts include mobile notarizations, loan closings, and remote online notarizations. However, it’s crucial to follow the rules and regulations set forth by the state. For specific information on fees for these special notarial acts, it’s recommended to consult the Wisconsin Department of Financial Institutions.
Conclusion
Starting and running a notary business in Wisconsin can be a fulfilling and profitable venture. By understanding the role of a notary public, meeting the necessary requirements, and familiarizing yourself with the fees and charges allowed, you can establish a successful notary business. Remember to always stay updated with the regulations set by the Wisconsin Department of Financial Institutions to ensure compliance and provide the best service to your clients.
If you’re interested in learning more about the notary profession, or if you have any questions about starting your own notary business, feel free to explore our website for more informative articles and resources.
