The Notary Bond provides protection to any individual who may be harmed as a result of a breach of duty by said notary acting in his/her official capacity as Notary Public. The bond is designed to solve issues through a risk management method. The people who need documents notarized will be better protected against errors from that notary, including fraud and unethical services. In the event of a notarial error, the bond would come into play, allowing the victim of that error to file for reparation. Several states require a Notary Bond in order to be licensed to conduct business as a Notary Public. The amount of bond and the term options will vary from state to state.
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