This article is reprinted from the Pennsylvania Automotive Association, Bulletin No. 2, January 18, 2019.
The Pennsylvania Department of Transportation (PennDOT) recently sent a reminder of notarization requirements for assignments on certificates of title or salvage certificates and for a person immediately applying for a Pennsylvania Certificate of Salvage or Pennsylvania Non-Repairable Certificate.
Notaries can charge fees for their services. A notary can charge up to $5 per notarization. This includes being allowed to charge $5 per notarization for executing affidavits, no matter how many signatures are obtained. Typically, when a new vehicle is sold there are three areas that require either notarization or verification (MV-1, MSO – 2 notarizations on back). In the typical new car example, if a dealer elects to notarize the signatures of the customer they would be able to charge $15.00. When a used vehicle is sold there are two areas that require notarization or verification (front and back of the title). In the typical used car example, if a dealer elects to notarize the signatures of the customer they would be able to charge $10.00. Furthermore, it is recommended that a dealer has the customer sign a power of attorney for both new and used transactions which could add an additional $5 per transaction, totaling $20 and $15 respectively.
The Pennsylvania Automotive Association (PAA) offers basic and advanced notary training through online courses. Register at www.paa.org/seminars.