YEREVAN. – The Latin American notary public model will be used in Armenia, and this means the notary public will bear 100-percent responsibility for the documents he/she notarizes, Justice Minister Hrayr Tovmasyan stated, during Wednesday’s Cabinet meeting, while submitting for the Government’s approval the list of events stemming from the notarial reforms concept.   

“The person must be certain that he/she will not lose a cent as a result of the notarized transaction. And if something is not done as should be, the person responsible is the notary public,” explained Tovmasyan.

In his words, other notary public-related reforms likewise will be conducted in Armenia. 

And in response to Finance Minister Vache Gabrielyan’s remark that in this case the notary public service fees could increase, Hrayr Tovmasyan said that the fees indeed will increase because the notary public cannot bear 100-percent responsibility within the current service fees.