Notary Bonding and Why It’s Important

As you may know, notary bonding is done by a notary public, a government-licensed professional who takes witness through a variety of legal affairs and the signing of documents. Since a notary’s job requires them to work closely with legal documents, sometimes they need notary bonding , also referred to as surety bonding. In most cases, it’s necessary for a notary to obtain a surety bond before they begin notarizing and overseeing important documents. In other words, notary bonding is a financial security document that’s created by surety – a guarantor who is responsible for another guarantor’s performance of an undertaking and who is licensed in the state where it is required. The purpose of notary bonding–or surety bonding–is to protect the public in case of financial damages that are caused by incorrect notarization. In other terms, in the rare event a notary commits malpractice or fraud that could result in a client’s financial loss, the notary bond will protect that client....