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How much does a $5,000 notary public bond cost in Illinois?
Illinois notary bonds cost as little as $30 and are issued instantly with errors and omissions insurance. Errors and omissions insurance ensures you are not held personally liable for mistakes made while notarizing documents. Visit our blog for more information on this essential coverage.
Our secure bond checkout allows you to purchase your bond directly from our site in just a few minutes. Simply click Buy Now to be on your way to being bonded as an Illinois notary today!
Why does Illinois require notaries to be bonded?
The Illinois Secretary of State mandates notaries must obtain surety bonds throughout their appointment by the Secretary of the State of Illinois for a four-year term. These bonds guarantee that notaries will truly and faithfully perform and discharge the duties of the office according to the law.
According to the Illinois Guidance for Remote Notaries and Consumers, “notary” refers to a person who is authorized to perform notarial acts such as taking an acknowledgment, administering an oath or affirmation, taking a verification upon oath or affirmation, and witnessing or attesting a signature as provided in 6-101 of the Illinois Notary Pubic Act.
How do I become a notary public in Illinois?
To become a notary public in the state of Illinois, applicants must complete the following steps:
Step 1: Meet the eligibility requirements.
To be eligible to become an Illinois notary public, applicants must fulfill the following requirements:
- Be at least 18 years old
- Be a citizen of or lawful permanent resident of the United States
- Be a resident of the state of Illinois, or employed in the state and reside in a qualifying border state, for 30 days
If the applicant is an out-of-state resident living in Indiana, Iowa, Kentucky, Missouri, or Wisconsin, he or she can apply for a commission in the Illinois county he or she works in.
- Provide your date of birth
- Be able to read and write English
- Not have been convicted of a felony
- Not have had a previous notary commission revoked or suspended in the past 10 years
Step 2: Post a $5,000 surety bond.
Applicants are required by the General Provisions (5 ILCS 312/) of the Illinois Notary Public Act, Sec. 2-105 to purchase and maintain a $5,000 surety bond. It is important to note that for the application, a representative of the surety bond issuer must sign the application as proof of insurance.
Step 3: Compile the necessary documents and fill out the application.
In order to complete the process of licensure, applicants must submit:
- a completed notary public application that has been notarized
- a $5,000 Illinois notary public bond
- a photocopy of the applicant’s driver’s license or state identification (submitted to the Secretary of State Index Department in Springfield)
- a signature on their bond as principal prior to submission; the address on the identification must match the home address listed on the application
- a notary seal and other supplies
Applicants can also review the Illinois application checklist to guarantee requirements are fulfilled.
Illinois notary public application fees
There is a $10 filing fee payable via check, money order, debit card, or credit card to the Secretary of State, which is due upon submission. The local county clerk’s office will contact applicants within 30 days.
Receive and record your commission with the county clerk and pay the $5 fee if done in person or the $10 fee if done by mail. Starting on January 1, 2022, you will receive your commission from the Secretary of State and will no longer be required to have your commission recorded with the county clerk.
Governor Pritzker’s Executive Order 2020-14 authorized notaries to perform a remote notarization via two-way audio-video communication technology. This is legal provided that the notary public commissioned in Illinois is physically within Illinois while the notarial act is being performed and the transaction adheres to the guidance posted by the Illinois Secretary of State on its website. Through this executive order, Illinois Notary Act, 5 ILCS 312/6-102 is satisfied and can allow the notary to continue operations.
How long are Illinois notary bonds valid?
Illinois notary bonds for residents remain valid for four years and run concurrently with the notary’s commission.
Illinois non-resident notary bonds remain valid for one year. Applicants for a non-resident license and bond must be a resident of a state bordering Illinois (Indiana, Iowa, Kentucky, Missouri, or Wisconsin) and must be employed by a business with a valid Illinois address.