Notary Bond
What is a Notary Bond?
Notaries in Texas serve the crucial function of officiating legal agreements in business, debts, finances, ownership, and other civil matters. Many people rely on public notaries to guarantee the legal promises in their civil contracts. However, notaries can make mistakes as well, and it is the public who incurs the loss when a public notary officer makes an error. Notary bonds work as a form of insurance to protect the public from notary mistakes and ensure the government is paid for the loss.
Why Buy a Notary Bond?
A notary is not immune to mistakes, and errors while officiating civil matters can lead to serious damages. For example, if a mistake is made in filing a transfer of ownership in an estate case, clients may fail to receive ownership of their legally due property. This can lead to a civil suit against the notary, and as notaries are public officers, the suit is filed against the state. Because of this, notaries require a bond that will insure their practice and protect the notary and the state in the case of failure, damages, and civil suits. Not only is it a good business practice, but many notaries are required by law to purchase a notary bond to protect their services.
What Is the Cost and Coverage?
Residents in Texas will find a $10,000 notary bond requirement on the Application for Appointment as Texas Notary Public, or Form 2301. Information for the bond agency is included on the document, which can be approved and fulfilled by TMD Surety Bonds for as little as $50. Insuring your notary practice for up to $10,000 for $50 is an excellent value and a legal requirement for public notaries. TMD Surety Bonds provides online bond purchases and application form submissions to streamline the process for convenience and efficiency.
You can complete the entire process of obtaining a notary bond online from TMD Surety Bonds.
- Click the Buy Now button.
- Fill out the easy bond form.
- Confirm your order and select how you would like your bond documents delivered. Email or regular mail.
- Pay for your bond.
- If you chose to have your documents emailed, you will receive them within minutes.
It’s that simple and fast!
You can complete the entire process of obtaining a notary bond online from TMD Surety Bonds.
- Click the Buy Now button.
- Fill out the easy bond form.
- Confirm your order and select how you would like your bond documents delivered. Email or regular mail.
- Pay for your bond.
- If you chose to have your documents emailed, you will receive them within minutes.
It’s that simple and fast!
Bond Purchase Process
1. Find Your Bond
2. Secure Pricing
3. Buy Online
Get Started
The bonding process can be confusing and cumbersome. Our surety bond experts are standing by and ready to answer any questions. Let’s get you bonded today!
Frequently Asked Questions
There are hundreds of different bonds for all kinds of purposes—but regardless the industry or project—they all operate essentially the same way. A surety bond guarantees that you will operate professionally and if you break the rules, a claim can be made on your bond which you’re responsible to pay.
It’s a guarantee that you will complete the work and fulfill your contractual obligations. Think of it as insurance for the public, not your business.
For most bonds, you can get instantly approved and print bonds at your home or office. However, we do not offer instant approvals for a select number of bonds, as the underwriting process generally involves a more extensive review of the applicant.
The entity requiring the bond (the obligee) will determine whether a bond is required. Bond requirements vary greatly by your occupation and location. However, fidelity bonds are insurance and are usually optional to obtain.
It’s a legally binding contract that you must sign to obtain a surety bond. The agreement guarantees that if you cause bond claims you will pay them in full.
Looking to Get Started or Have Questions?
The bonding process can be confusing and cumbersome. Our surety bond experts are standing by and ready to answer any questions. Let’s get you bonded today!