Notary surety bond cost
We can issue Michigan notary surety bonds for just $50 for six or seven years of coverage! No credit check is required, so everyone qualifies. Get bonded instantly for less than $10 per year.The Michigan notary surety bond amount is set at $10,000.
Why this bond
A notary public is an officer commissioned by the Secretary of State to serve as an unbiased and impartial witness. The usual function of the notary is to prevent fraud by attesting to the identity of a person signing a document. Notarization on a document certifies that the person whose signature is entered on the document has appeared before the notary, established his or her identity and personally signed the document.
Michigan notary surety bonds cover losses due to the improper conduct of a principal (notary public). This bond protects the public if a court judgment is ruled against a notary due to negligence or professional misconduct. This surety bond type protects against a notary public notarizing his or her own signature, performing a notarial act for a family member, completing a notarial act in connection with a transaction he or she is named in or benefits from and more.
If a claim is filed against the notary public, the surety may seek reimbursement from the notary for any damages it pays out to the harmed party on the notary’s behalf. If the original $10,000 bond amount is depleted due to the collection of damages, the state of Michigan can require the principal to purchase a supplementary bond
Notary bond details
Michigan notary surety bonds typically last for six or seven years, but the exact bond term is determined by the applicant’s birth date. If the bond is to be terminated for any reason, 60 days’ prior notice is required of the surety.
Before a notary in Michigan performs any notarial act, he or she must read the Notary Public Act (2003 PA 238) and understand all of the laws pertaining to notaries. An electronic copy of this Act can be found on the Michigan Legislature’s website.
Violations of the Michigan Notary Public Act are considered misdemeanors. If a notary public is convicted of violating any part of this Act, he or she can be fined up to $5,000 and/or be imprisoned for up to one year.
Before you apply to become a notary public, you must meet the following qualifications:
- be 18 years of age or older
- be a Michigan resident or maintain a place of business in Michigan
- be a US citizen or have proof of legal presence
- be able to read and write in English
- be a resident in the county in which you request appointment
- be free of any criminal record or conviction
Before submitting your application, you must swear an oath of office and file your surety bond with your local county clerk. You must also pay a fee of $10.
It is imperative that you sign the application with the same name and title that you intend to notarize with (known as your commissioned name). You will receive your wallet-sized notary public commission card within 14 business days.
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