How to Notarize a Personal Loan Agreement

Entering into a loan agreement with another individual can provide you with an opportunity to earn interest on money that you invest. When you set up a loan agreement with another person, you may wish to have the documents notarized so that they are official. While you may not be required to have the documents notarized according to state law, you may want to have them notarized just to avoid any potential legal complications. If this is the case, a notary public should be able to assist you with this need.


Step 1

Locate a notary public to help you with the loan documents. Notaries public can be found in many different places. For example, you may be able to find one at your local bank or at a large business. Many administrative assistants become a notary public because of the large number of documents that need to be notarized for their work.


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Step 2

Set up a meeting with the borrower and the notary public. In some cases, you may need to go to the place of work of the notary public. In other cases, the notary public will travel to where you are and conduct the meeting.

Step 3

Show the notary public your identification. Both you and the borrower will have to present a photo identification card, such as a driver's license or student ID. It is the notary's job to make sure that you are who you claim to be.


Step 4

Sign the loan documents in front of the notary public. Make sure that all of the signature fields are signed while the notary is there. Once the notary witness is the signatures, she will put a notary stamp on the documents. This usually comes in the form of a raised stamp with a seal on it. The notary stamp placed on the document proves that the document was signed in the appropriate manner and that both parties have truly signed it.



Step 5

Pay the notary public. When you have a document notarized, you will typically pay a nominal fee for the service. States have maximum amounts that can be charged by a notary public for this service.


Do not forget to have all of the appropriate places signed by the borrower. If you forget to have one spot signed and then later have it signed, the document does not count as being notarized.



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