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The acts · 6/7 Exit
Rule 6 of 7 · The acts

Protest

  1. The words

    A protest is the notary’s formal, sealed written statement that a bill of exchange or promissory note was presented for payment or acceptance and refused.

    From the handbook: Executive Law 136; License Law booklet, Definitions: Protest

  2. Actually means

    Old-school banking paperwork certifying "this note was presented and not paid." You may never do one in practice.

    Plain English. No legalese survives this step.

  3. Live example

    A promissory note comes due, payment is refused, and a notary formally protests it for the record.

    A scene you can picture.

  4. Killer question

    The exam mostly tests its fees: 75 cents for the protest, 10 cents per notice of protest, five notices maximum.

    Exactly how the exam asks it.

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