Fiscal impact reports (FIRs) are prepared by the Legislative Finance Committee (LFC) for standing finance
committees of the Legislature. LFC does not assume responsibility for the accuracy of these reports if they
are used for other purposes.
F I S C A L I M P A C T R E P O R T
SPONSOR Scot
t
LAST UPDATED
ORIGINAL DATE 3/5/2025
SHORT TITLE Maximum Notary Fees
BILL
NUMBER Senate Bill 230
ANALYST Hernandez
ESTIMATED ADDITIONAL OPERATING BUDGET IMPACT*
(dollars in thousands)
Agency/Program
FY25 FY26 FY27
3 Year
Total Cost
Recurring or
Nonrecurring
Fund
Affected
No fiscal
impact
No fiscal
impact
No fiscal
impact
No fiscal
impact
Parentheses ( ) indicate expenditure decreases.
*Amounts reflect most recent analysis of this legislation.
Sources of Information
LFC Files
Agency Analysis Received From
New Mexico Attorney General Agency Declined to Respond
Secretary of State (SOS)
SUMMARY
Synopsis of Senate Bill 230
Senate Bill 230 (SB230) amends maximum fees allowed to be charged for notary services as
follows: for acknowledgments, increase from $5.00 to $12.00 per acknowledgment; for oaths or
affirmations without a signature, increase from $5.00 to $12.00 per person; for jurats, increase
from $5.00 to $12.00 per jurat; for copy certifications, increase from $0.50 to $1.20 per page
with a minimum total charge from $5.00 to $12.00; and for a technology fee, increase from
$25.00 to $60.00 or other amount established by rule by the Secretary of State per notarial act
performed with respect to an electronic record.
The effective date of this bill is July 1, 2025.
FISCAL IMPLICATIONS
There are no fiscal implications.
SIGNIFICANT ISSUES Senate Bill 230 – Page 2
Seventeen states have maximum notary fees higher than the current maximum fees allowed in
New Mexico. An additional 10 states do not have set fees for notary services.
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