Official Notary Bonds
Provided by NNA Insurance Services, Inc.
Notaries in most states are required by law to purchase and maintain a surety bond for their entire term of office. Notary bonds are provided by state-licensed companies called "sureties."
See below to determine if your state requires Notaries to hold a surety bond or purchase a complete Notary Supply Package to become a Notary Public or to renew your Notary commission.
Notaries are bonded because they handle sensitive documents affecting the personal rights and valuable property of private citizens, and their unintentional mistakes or intentional misconduct can have devastating financial consequences for these citizens. Bonds range from $500 to $15,000, depending on state law.
A Notary surety bond provides protection for the public against the Notary's errors, negligence and purposeful wrongdoing. Any person who can prove harm as a result of a Notary's improper actions in performing a notarial act may file a lawsuit to recover against the Notary's bond. If the Notary cannot pay damages to a victim of his or her misconduct, then the surety company will reimburse the victim up to the dollar limit of the bond.
A NOTARY IS OBLIGATED BY LAW TO REPAY TO THE SURETY ANY FUNDS IT HAS PAID OUT ON THE NOTARY'S BEHALF. IN ADDITION, THE NOTARY MUST PAY TO THE VICTIM ANY DAMAGES CLAIMED AND PROVEN BEYOND THOSE REIMBURSED BY THE BOND.
A Notary surety bond is not insurance protection for the Notary -- rather a bond is protection for members of the public who have been financially damaged by the Notary's improper conduct.
BONDS AND E&O POLICIES UNDERWRITTEN BY MERCHANTS BONDING COMPANY (MUTUAL), DES MOINES, IOWA. THE AGENT FOR ALL BONDS AND E&O POLICIES IS NNA INSURANCE SERVICES, INC.
