Notary Bonds
Because the nature of their work gives notaries hefty legal authority, government agencies often require them to provide a surety bond in any state in which they will perform their duties. Notaries typically have to submit their bonds before they can lawfully conduct notary work such as notarizing documents or taking affidavits. But what exactly is a notary bond, and how do you get one?
Notary Bond Protection
Notary bonds are not a form of insurance. Notary bonds function as risk mitigation tools that protect those who work with notaries from fraud and any other notarial errors. Notary bonds also deter notaries from unethical conduct while conducting notarial duties. If a notary should make a mistake, a claim can be filed against the bond so that the obligee can receive financial reparation.
Notary Bond Costs
The specialists at SuretyBonds.com can execute notary bonds for just $50. Notary bonds involve little risk, so SuretyBonds.com does not require credit checks as a part of the application process. Even though notary bonds are inexpensive, they generally provide financial guarantees up to $15,000.
Get a Notary Bond
You can apply for a notary bond on our website in fewer than two minutes. After reviewing your application, one of our surety specialists will contact you regarding your notary bond. Our surety specialists can issue notary bonds in just one business day and make sure it's in your hands the next business day. The faster you get your bond, the sooner you can submit it to the government agency that's requiring it.
Notary Bond Claims
If a claim is made and the surety pays it, the notary is liable to pay the claim amount back to the surety as outlined in the bond's legal language. Once executed by the surety, notary bonds are nonrefundable and can only be cancelled by the surety per the terms of the bond/indemnity agreement.
