Surety Bond for Notaries: What You Need to Know Notaries public play a vital role in ensuring the legitimacy of various legal documents, offering a critical service for businesses and individuals alike. To operate legally and ethically, many notaries are required to obtain a surety bond. A surety bond for notaries protects the public from potential misconduct or errors by the notary and ensures compliance with state regulations. Let’s explore why surety bonds are essential for notaries and how they work. What is a Surety Bond for Notaries ? A surety bond is a financial guarantee between three parties: Principal: The notary public. Obligee: The state or regulatory body requiring the bond. Surety: The company providing the bond, such as Chances Bonding. This bond ensures that notaries perform their duties according to the law. If a notary commits fraud, negligence, or any wrongful act, a claim can be made against the bond to compensate affected parties. However, the notary (prin...