Working as a mobile notary may sound pretty easy, but it has its challenges. One of my cousins did it for a time and gave the business up. Even though the pay per notarization can be quite good, it’s a lot of driving at the last minute, and sometimes it’s hard to collect the money you’re due.
Most states will limit what you can charge to notarize something, and it will probably be a very, very small amount. States may or may not limit what you charge for travel.
However, if you add in the duties of a signing agent, you can earn a better living.
A notary must be commissioned by their state. You can learn how to do this in your state by going to the National Notary Association website or by checking your state’s website. Instructions may be in the Secretary of State section, Attorney General section or elsewhere on your state’s site.
The requirements may vary from state to state, but the basics will probably be along the lines of:
- You are at least 18 years old.
- You are a legal resident of that state.
- You have never been convicted of a felony or certain misdemeanors.
- You complete the training for your state, which may be online.
You will need some basic supplies: notary seal, notary journal, fingerprint ink, notary bond, errors and omissions insurance, business cards and marketing expenses.
You will need a reliable vehicle and have travel expenses as you go to customer sites.
Possible Income Streams
Your income as a mobile notary is often determined by limits set by the state. Plain notary services are often very limited as to what may be charged. If you work as a loan signing agent you can generally earn significantly more money.
According to my cousin, the biggest problem was simply getting paid once she started working. You may have to be very strict with your clients about when you expect payment and keep excellent records so that you know what you have coming to you.
You should also be aware of the possibility of training scams. Check with your state so that you know what is required. In many states it’s a pretty simple process to get started.
Also make sure your insurance is from a reputable company. You will want errors and omissions insurance to protect yourself in case you make a mistake.