What is a notary bond?

A notary bond is a type of surety bond that notaries are required to purchase in order to protect the public from any potential errors or misconduct on the part of the notary.

The bond serves as a form of financial guarantee that the notary will fulfill their duties in accordance with the law. If a notary is found to have acted fraudulently or negligently, the bond can be used to compensate any individuals who suffered financial harm as a result.

Notary bonds may be required by state law, and the amount of the bond can vary depending on the state. Notaries must typically purchase the bond from a licensed surety company, and the cost of the bond will also vary depending on factors such as the notary's location and history.

In addition to a notary bond, notaries are also typically required to carry errors and omissions insurance to provide additional protection against potential claims of negligence or misconduct.