KY Senate Bill 214 | NNA
Law

KY Senate Bill 214

Notary Law Update: KY Senate Bill 214

State: Kentucky

Summary:

Senate Bill 214 removes the statutory maximum fees Notaries may charge in favor of letting Notaries establish their own fees and expands the provision prohibiting Notary fees to individuals or their dependents who have served in the armed services, as specified.

Signed:  April 08, 2016

Effective:  July 15, 2016

Chapter: 46

Affects:

Amends Section 64.300 of the Kentucky Revised Statutes.

Changes:
  1. Removes the statutory fee caps on Notary fees, allowing Notaries to set their own fees.
  2. Provides that no Notary fee may be charged to any person or the person's dependents who have served in the National Guard or a reserve component or as an active member of the Army, Navy, Air Force, Coast Guard, or Marine Corps.
Analysis:

Kentucky's maximum Notary fees have been among the lowest in the nation for quite some time. Under current law, Notaries may only charge $.50 for taking an acknowledgment. Revision of this statute was long overdue at a time when many states are now allowing Notaries to charge $10 for taking an acknowledgment. Senate Bill 214 doesn't raise the maximum fee; it does away with the fee cap altogether. This means that Notaries are free to set their own fees for all notarial services. The bill also expands current law prohibiting the charging of Notary fees to members in certain U.S. armed services. Now, members and their dependents who have served in the National Guard, Air Force and Coast Guard are included. The new law also clarifies that individuals or their dependents serving a reserve component or as an active member of the Army, Navy, Air Force, Coast Guard, or Marine Corps are not to be charged a fee.

Read the bill text.

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