Becoming a notary public in some states is easier than others. We want you to know that no matter how easy the process is, one thing remains. Notaries are important to their communities. They ensure that important business is done properly, and they do everything from witnessing the signing of wills to verifying the identity of somebody who needs legal documents signed. Notaries must have a surety bond in amounts ranging from $1000 to 25000. In this article, we will discuss the notary 5000 bond, how much does a $5000 notary bond cost, and what is the purpose of the $5000 notary bond.
What is the purpose of the $5000 notary bond?
A notary bond ensures that you will act ethically, and in compliance with your state’s laws, when completing a notarization.
But there’s one problem: Notaries aren’t infallible. Sure, it’s rare, but sometimes a mistake happens, or something doesn’t get taken care of in the way it should have been. And when that happens…
For example, if a client files a claim against a notary. Or if there’s any damage done to them due to your actions while notarizing. Then, they can file a claim against the bond and collect the full amount of the notary 5,000 bond. To validate the claim, however, the client must prove that your professional misconduct caused their damages.
Well, a Notary needs insurance to protect them from those rare but potentially very serious mistakes. But not just any insurance—a Notary Bond!
When you get your Notary 5000 Bond from Notary Public Class, you can rest easy knowing that you’re covered for whatever might come your way in your line of work. We offer Notary Bonds at super low prices!
How much does a $5000 notary bond cost?
Although it is a 5000 surety bond for notary, the fee ranges from state to state.
- Arizona: $40 for a 4 year term
- Illinois: $30 for a 4 year term
- Mississippi: $40 for a 4 year term
- South Dakota: $60 for a 6 year term
- Utah: $50 for a 4 year term