For notary public businesses, this surety bond ensures the professional will follow the regulations surrounding notarizing documents.

1. NOTARY
BONDIf you are planning to become a licensed notary, then your state
may require you to purchase a notary bond first.
www.suretybondauthority.com | 800-333-7800

2. WhatisaNotaryBond?
A Notary bond is a type of surety bond that is obtained in order
to guarantee to the state that a person will comply with all state
regulations regarding notary duties.
Failing to meet those requirements could mean paying a
penalty or something as severe as losing your notary
license altogether.

3. 3PartiesInvolved:
THE
PRINCIPAL
The individual or business
that must purchase a
notary bond.
The state agency that
requires a notary to
obtain a bond.
THE
OBLIGEE
The company that
provides the financial
backing of the bond.
THE
SURETY

4. 3PartiesInvolved:
If the state believes that there has been some misconduct on the part of the notary,
then they will file a claim with the surety against the bond.
If an investigation concludes that the claim is valid, then the surety will make a
payment to the obligee in an amount up to the total bond amount.
The principal will then need to pay back any amount that is paid to the obligee.

5. Whatisthecostofa
NotaryBond?
The state sets the requirement for notary bond amounts.
You will be responsible for paying just a fraction of
that amount as your annual premium for a notary
bond.

6. www.suretybondauthority.com
800-333-7800
https://suretybondauthority.com/license-bonds/SOURCE: