Each notary public bond shall have as a surety a duly authorized surety company. Notaries public may obtain a bond from any company authorized to issue. Because they have such a vast amount of authority, the notary often must get a surety bond. The surety bond for a notary is generally required before they can begin notarizing any documents whatsoever. In this surety bond, a notary gets protection as do the people involved in the legal situation and the court system. A Washington state notary public commission is valid for a period of four (4) years unless. Step 2: Order your $10,000 surety bond from Notary Rotary, Inc.
Surety Bond InformationMichigan Department of StateOffice of the Great SealNotary Public InformationNotaries public are required to obtain a $10,000 surety bond and file it at the office of the county clerk in the county where the notary will be appointed. The cost of a surety bond will vary-generally between $50 to $100. A surety must be licensed to do business in this state. You can search for licensed agencies at.A surety bond protects the public from a notary's misconduct or negligence. The bond provides coverage for damages to anyone who suffers financially due to an improper official act on the part of the notary. The surety may seek reimbursement from the notary for any damages it pays on the notary's behalf. The Michigan Department of State is authorized to require the notary to purchase replacement bonding if the original $10,000 bond funds are depleted by damage claims.
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Surety bonds are not insurance policies. The bond protects the public if a court judgment is rendered against a notary because of negligence or misconduct.Blanket bonds or personal assets may not be used in place of an individual surety bond.Bond CancellationsIn accordance with Section 13(2) of the Notary Public Act (MCL 55.273), the surety on the bond may cancel the bond 60 days after the surety notifies the notary, the secretary of state, and the county clerk of the cancellation. The notice to the secretary of state may be in letter format and should contain the following information if available: name of company, name of principal, date bond was executed, county of commission, expiration date of commission, and effective date of cancellation. The notice to the secretary of state should be sent to:Michigan Department of StateOffice of the Great Seal7064 Crowner DriveLansing, Michigan 48918.
Protect Yourself from the UnexpectedNotary E&O Insurance is designed to protect Notaries. If you make an unintentional mistake or a false claim is filed against you, it could cost you thousands of dollars to defend yourself in a lawsuit simply to prove you acted responsibly. Don't assume you are covered by your employer.
With Errors & Omissions Insurance from the NNA you don't have to worry. Why take a chance?We recommend you purchase a policy that equals the length of your 4-year, Texas Notary Commission term. Why do I need E&O Insurance when my state already requires me to purchase a bond?It’s important to understand that your bond is not insurance protection for you, as a Notary. Your bond protects the public from financial harm that results from any negligent mistake or intentional misconduct you commit while performing a notarization.If you make an unintentional mistake or omission, or someone files a false claim against you, it could cost you thousands of dollars to defend yourself in a lawsuit simply to prove you acted responsibly.