What is an Arizona Notary Bond?
An Arizona Notary Bond is a guarantee that the public will not suffer from a notary officer who will use fabricated and deceptive advertisements and collects a fee that is beyond what is authorized by Arizona law.
It is also an assurance that the officer responsible for performing notarization will not commit notarial errors such as not placing his/her notary seal, notarizing a document that uses a language and characters/alphabets that he/she cannot understand, and performing Jurats with blank spaces on the document.
This bond is also to protect the public from a notary officer who carries out notarization even when he/she is a party to the document he/she is notarizing thereby making him/her impartial to the instrument for notarization.
Why do you need the Arizona Notary Bond?
You need an Arizona Notary Bond because you care about your reputation and what it stands for. You want to protect not just clients but the public in general. The bond can boost your professional integrity and makes you a dependable and responsible field expert. It can also make your practice attractive to existing clients and potential customers because they will naturally want to avail themselves of the services of someone they see as trustworthy, consistent, and upright.
The bond will provide you the image of authority and competence that will make you stand out in the competition.
More details about the Arizona Notary Bond
Before getting bonded, a notary officer must be acutely aware that in Arizona, notaries can only perform acknowledgments, jurats, copy certifications, and oaths and affirmations. He/she must also not forget to use a seal and a journal. The most important pre-bonding information would be for a notary applicant to know that the notary bond payment is distinct from the Secretary of State filing charges.
This bond can only be obtained by an individual 1) who has been appointed as a notary; and 2) who has filed/submitted an oath of office to the office of the Secretary of State.
This bond can only take effect if the amount is an approved amount by the Secretary of State. This must be executed by a licensed surety company and will be enforceable within a span of 4 years.
What is the cost of a Notary Bond?
An Arizona notary bond must be for $5,000. The applicant’s credit score and financial history determine the premium payments. Likewise, the profile of the candidate including his/her reputation as a member of the community will be a strong factor in the decision of how much the premium will be for this bond.
How do I get a Notary Bond?
Obtaining a bond is an easy process. Just carefully choose the services of an authorized surety professional and give them a call ASAP! With Surety Bond Authority, you will have the answers you need and the solution to whatever concerns you have in protecting your business.