Definition: When completing a mortgage, a notary must verify everybody's identity and make sure the documents are executed properly. The notary charges a modest fee for this service.
Examples: I paid a $30 notary fee at my closing.
By Justin Pritchard, About.com
Get the best tips on starting up and staying competitive. More >
Stay on top in this tough economy with our smart, easy-to-follow financial tips. More >
©2009 About.com, a part of The New York Times Company.
All rights reserved.