The following are the most common questions asked by our customers regarding notary bonds. However, if your question is not listed below feel free to contact us to receive an answer to your question.
What is a Texas notary bond?
In order to apply for a notary commission and execute the duties of a notary public, you must obtain a $10,000 bond issued by a bonding agency authorized to conduct business in the state of Texas. The Texas notary bond must be maintained throughout the entire 4-year term of office. The Texas notary bond protects the public against any financial loss due to improper conduct by a Texas notary. Keep in mind, the notary bond protects the public, not the notary. For protection as a notary, consider notary errors & omissions insurance.
Why do I need a Texas notary bond?
The Texas notary bond protects the public against any financial loss due to improper conduct by you, the Texas notary. By issuing a notary bond, your surety company guarantees you will lawfully perform your duties as a notary public. In the event a claim is filed against your bond, your surety company will pay claims up to the amount of the bond. The notary may be held responsible for repaying any amount the surety pays to satisfy the claim. For protection as a notary, consider notary errors & omissions insurance.
What is the amount of a Texas notary bond?
A Texas notary bond is $10,000.
How much does a Texas notary bond cost?
A $10,000, 4-year notary bond in the state of Texas costs $50 through Budget Notary Bonding Agency.
Where can I get a Texas notary bond?
How do I get a Texas notary bond?
How do I file my Texas notary bond?
You must file your bond with the Texas Secretary of State's office. If you choose Budget Notary Bonding Agency as your bonding agent, we will electronically deliver your Texas notary bond, along with your Texas notary application, to the Secretary of State's office.
How long is my Texas notary bond in effect?
A Texas notary bond is effective for the entire 4 years of your Texas notary commission.
How much bond coverage does a Texas notary need?
The bond amount is set by statute through the Texas legislature. Keep in mind, the notary bond only protects the public, not the notary. Notary errors & omissions insurance protects the notary and offers different coverage options.
What happens if someone makes a claim against my Texas notary bond?
Your surety company's claim department will investigate the claim. They will contact you to gather information about the transaction in question. They may ask for a copy of your notary journal record for the notarization and any other facts that may help them determine the basis for the claim. A pending claim does not always mean there will be financial loss for the notary. Your surety company may find the claim not to be legitimate, or they may deny the claim. However, if the claim has merit, your surety company will negotiate a settlement or pay the full amount of the bond.
Important: You may be responsible for repaying any amount the surety pays to satisfy the claim, including defense costs. Remember, the notary bond protects the public, not the notary. We highly recommend all notaries purchase notary errors & omissions insurance to guard against potential financial loss due to an innocent mistake.