Hello Today, let’s find out about the cost of notarization and how to receive it. It is not just me and the party writing the contract, but if it is notarized, even the third party becomes a witness. If you read today’s article, you will understand perfectly about notarization.
Below you will find out about the cost of notarization and how to get it.
index
What is Notary?
Can anyone notarize?
effect of notarization
notary fee
How to get notarized
What is Notary?
notary fee
Notarization refers to the act of publicly proving the existence or content of a specific fact or legal relationship. Administrative law can notarize various types of registration, registration, listing, issuance of certificates, and stamping of public seals. Usually, you lend money and visit a notary office to have it notarized. 공증 비용
From the point of view of having legal force, it seems much better to have a notarization even if it is a close relationship when borrowing. 좋은뉴스
Can anyone notarize?
A notary public is a person who handles notary affairs, and a notary public is a government official in a practical sense appointed by the Minister of Justice from among those who have the qualifications of a judge, prosecutor, or lawyer. In other words, no one can be a notary public. In addition to notaries, there are persons who can perform notarial duties, including public officials such as joint law offices, law firms, court judges, bailiffs, prosecutors, and consuls who have obtained notarial authorization.
Below we will discuss the effect of notarization.
effect of notarization
How to get notarized
In the case of notarization, it is said that it can grant the effect of compulsory execution against the property of the other party without a separate trial. Therefore, if notarized, it has the effect of preventing disputes from occurring from the beginning, and in case the other party does not pay in relation to the legal relationship for the purpose of payment of money or securities, the notary office that prepared the notarial deed immediately executes the statement may be granted.
Notarial effect lies in the power of public proof. In other words, it is the strongest evidence in the event of a legal dispute. If the other party fails to comply with the contents of the notarization, you can claim it through legal procedures. Notarization also has a validity period. The notarization period for money consumption loan is 10 years, and the notarization period for promissory notes is 3 years. For issuance at sight, a 4-year expiration period applies.
However, even if you already have a notarial deed with notarized effect, problems may arise during the enforcement process. This is because the debtor may transfer the real estate he owned to a relative or acquaintance. In this part, it is recommended to take preservative measures to prevent the debtor from concealing or squandering the property with a legal assistant.
Below you will find out the cost of notarization.
notary fee
notarial effect
The cost of notarization varies depending on the amount of notarization, and the cost of notarization of IOU is legally specified according to Article 2 of the ‘Notary Public Fee Rule’. Up to 2 million won is cheap at 11,000 won, but if it exceeds 1.9 billion won, you have to pay a notary fee of about 3 million won. However, the cost of notarization cannot exceed the legal maximum of 3 million won. Notarization is not expensive, so it is recommended to proceed with notarization to be sure.
[Notary fee table]
Notarial Deed Fee
2 million won or less 11,000 won
5 million won or less 22,000 won
33,000 won less than 10 million won
KRW 44,000 below KRW 15 million
Add 3/2000 of the amount in excess of 15 million won
1.983 billion won and 3 million won (upper limit)
Private certificate authentication fee
13,000 won (confirmation, statement) if the target value is not determined
KRW 26,000 (memorandum, IOU, deed of transfer)
KRW 40,000 (contract, agreement, agreement)
When target value is determined [(target value x 0.0015) / 21,500] / 2
Power of attorney 3,000 won
invitation card 13,000 won
Identity guarantee 26,000 won
Twice the above fee for English private certificate authentication
Translation certification 20,000 won
Minutes Certification 30,000 won
Fixed date KRW 1,000
Reading fee 1,000 won
Execution statement 20,000 won
Find out how to get certified below.
How to get notarized
notary fee
In order to receive notarization, after both parties have agreed on the content of the notarization, visit the notary office with a deed of title such as an IOU or promissory note, present the original copy, and apply for notarization.
When receiving notarization, you must bring the ID and seal of the person you wish to be notarized. If the party to the document is a corporation, corporate seal, corporate seal certificate (within 3 months from the issuance date), and representative ID are required. On the other hand, notarization by proxy is possible. If a representative is coming, you must prepare a power of attorney.
5 free power of attorney forms download (hwp, word, pdf)
If you want to get a good notary office recommendation, please contact us in the comments below.
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Today, we learned about notary costs and how to get them. Another important thing is to stamp a definite date. A definite date is a public official or notary public who writes or stamps a date on a private deed in order to prove that the document existed as of that day. This is to give notarization power to determine the time of the document creation.