How much does a notary surety bond cost in Michigan?
The cost of a Michigan notary surety bond costs as little as $30 for six or seven years of coverage. No credit check is required, so everyone qualifies.
Errors and omissions insurance is always available when you work with SuretyBonds.com to get your notary bond. Including errors and omissions insurance with your bond ensures you are NOT held personally liable for mistakes made while notarizing documents. Visit our blog for more information on this essential coverage.
|Bond Type||Bond Amount||Cost|
|$10,000 Notary Bond||$10,000||$30 for 6 or 7 years|
|$10,000 Notary Bond with $10,000 Errors and Omissions Insurance||$10,000||$55 for 6 or 7 years|
If you’re ready to get bonded, call SuretyBonds.com at 1 (800) 308-4358 or fill out our online bond request form.
Why are notaries bonded?
A notary public is an officer commissioned by the Secretary of State to serve as an unbiased and impartial witness. The usual function of the notary is to prevent fraud by attesting to the identity of a person signing a document. Notarization on a document certifies that the person whose signature is entered on the document has appeared before the notary, established his or her identity and personally signed the document.
Michigan notary surety bonds cover losses due to the improper conduct of a principal (notary public). This bond protects the public if a court judgment is ruled against a notary due to negligence or professional misconduct. This surety bond type protects against a notary public notarizing his or her own signature, performing a notarial act for a family member, completing a notarial act in connection with a transaction he or she is named in or benefits from and more.
If a claim is filed against the notary public, the surety may seek reimbursement from the notary for any damages it pays out to the harmed party on the notary’s behalf. If the original $10,000 bond amount is depleted due to the collection of damages, the state of Michigan can require the principal to purchase a supplementary bond.
Michigan notary surety bonds last for six or seven years, but the exact bond term is determined by the applicant’s birth date. If the bond is to be terminated for any reason, 60 days’ prior notice is required of the surety.
If you’re ready to get bonded for just $30, submit a bond request to get bonded instantly!
How to become a notary in Michigan
To become a notary public, applicants must meet the following qualifications:
- be 18 years of age or older
- be a Michigan resident or maintain a place of business in Michigan
- be a US citizen or have proof of legal presence
- be able to read and write in English
- be a resident in the county in which you request appointment
- be free of any criminal record or conviction
Before submitting your application, you must swear an oath of office and file your surety bond with your local county clerk. You must also pay a fee of $10.
It is imperative that you sign the application with the same name and title that you intend to notarize with (known as your commissioned name). You will receive your wallet-sized notary public commission card within 14 business days.