Notaries as part of the law appeared in the 7th century. However, this industry has developed in a very specific way, becoming either a very revered business or not. Probably, it is precisely in this connection that notaries carefully guard their business to this day, and therefore some even quite specific concepts, such as "notary's deposit", are not known and understood by the general public.
A notary by the nature of his activity often acts as an intermediary between the will-declarer and the executors or heirs, as well as between the creditor and his debtor. At the same time, the mediator is often called upon to settle, within the framework of obligations and legal framework, a conflict that may exist between the indicated persons.
Someone else's money
For example, two citizens enter into a loan agreement, and (although not necessarily) under this agreement, if the borrower fails to fulfill the terms of the agreement on time, a penalty is charged on the balance of the debt, i.e. money penalty. After some time, the creditor gets into an accident and loses his legal capacity (he is in a coma, suffers from amnesia, etc.), he cannot fulfill the orders regarding the once issued loan in this state, but the debtor's obligations are not removed, which means that the borrower is what -that way, he is obliged to return the money to the creditor and exactly at the appointed time The way out is to contact a notary.
In this situation, the debtor pays the amount of the debt to the notary's deposit, providing a loan agreement and a statement in which it indicates that the creditor is in an incapacitated state, prescribes the amount of debt on the date of drawing up the application and informs that he transfers this exact amount as payment on the loan to the notary for storage.
A deposit can also be made in the event that the lender is deliberately hiding from the borrower or his location is not known.
The notary accepts the documents and the amount that is sent to a special bank account, a note is made on the loan agreement that the obligations of the creditor were fulfilled in full or in part (depending on the amount deposited) on the specified date. After that, the notary notifies the lender that the money came from the borrower and is kept on the notary's deposit.
Thus, in practice, a notary's deposit is money or securities that are accepted by a notary from one person for transferring them to another in accordance with a certain agreement.
Keeping a deposit
Notary services are not free of charge, as a rule, the decorator receives a certain percentage of the entire amount accepted for storage as a fee.
The notary has no right to keep the money, because the law provides that he can only accept documents from citizens, everything else must be kept in a safe deposit box.
The lender can receive his money at any time before the expiration of their storage period by presenting a loan agreement, a letter from a notary and identity documents.
The notary has no right to dispose of the deposit, but the storage period for the amounts in the bank is not unlimited. The law stipulates that after the expiration of the storage period for money that was not claimed by the creditor, the entire amount becomes the property of the state and is transferred by the bank to the budget.
