WeVote
Log In

Bill

Bill

PS 1033

Para enmendar el inciso (1) (a) y (b), inciso (2) (a), (b), (c) y (d), así como el inciso (3)(a), y añadir un inciso (4)(e), (f), (g) y (h) al Artículo 77 de la Ley Núm. 75 de 2 de julio de 1984, según enmendada, conocida como “Ley Notarial de Puerto Rico”, a los fines de establecer una estructura uniforme de honorarios notariales obligatorios; fijar tarifas mínimas; limitar la discreción en la negociación de honorarios notariales y requerir el pago inmediato de todos los aranceles y honorarios al momento de la autorización del instrumento público; para imponer penalidades por su incumplimiento; y para otros fines relacionados.

2025-2028 Session

Puerto Rico bill establishes mandatory uniform notary fee structures with minimum tariffs, eliminates price negotiation, and requires immediate payment with penalties for non-compliance.

Referido a Comisión(es)
0
WeVote Research Nonpartisan
Bill Summary · PS 1033

Legislative bill overview

Bill PS 1033 amends Puerto Rico's Notarial Law to establish mandatory, uniform notary fee structures with minimum tariffs and eliminates negotiation flexibility for notarial services. The bill requires immediate payment of all fees and penalties at the moment a public document is authorized, removing discretionary pricing currently allowed under existing law.

Why is this important

Notary services are essential for legal and real estate transactions in Puerto Rico, affecting businesses, property owners, and citizens regularly. Standardizing and increasing minimum fees could impact transaction costs for low-income populations and small businesses, while providing notaries with more predictable income and potentially reducing disputes over service charges.

Potential points of contention

  • Impact on vulnerable populations: Mandatory minimum fees may disproportionately burden low-income individuals and small businesses by removing cost negotiation options that currently exist
  • Business competitiveness: Eliminating pricing discretion could reduce notaries' ability to compete or offer discounted services to regular clients, potentially affecting market dynamics and service quality incentives
  • Fee structure details: The bill references new tariffs (subsections 4(e-h)) but the actual fee amounts are not detailed in this summary, making it unclear whether increases are modest or substantial

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.