What is a New Mexico Notary Bond?
The New Mexico Notary Bond is a requirement of the Notary Division of the New Mexico Secretary of State to all notary officers who intend to operate within the state of New Mexico.
The bond is a guarantee that the public will not suffer from any notary officer who will use false and misleading advertisements and collects a fee that is beyond what is authorized by the laws of New Mexico.
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 biased to the instrument for notarization.
Why do you need the New Mexico Notary Bond?
You need the New Mexico Notary Bond because you care for your reputation. You want to protect not just clients but the public in general. The bond can boost your professional integrity and will allow you to be recognized as a dependable and responsible notary officer. 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 New Mexico Notary Bond
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?
A New Mexico Notary Bond is for $5,000. Premium payments will be determined by the notary officer’s credit score and financial history. Likewise, the profile of the notary 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 can I get the New Mexico Notary Bond?
Procuring this bond is effortless. For faster processing and reliable outcomes, be wise in choosing a legitimate surety bond agency by researching and checking on their background and track record. With a dependable surety organization behind you, protecting your business, your clients, and your shareholders will be easy and economical.