MICHIGAN
MICHIGAN NOTARY BONDS
Notaries are required to maintain surety bonds for the State of Michigan. This is because they handle important documents for citizens and a mistake, whether committed purposely or by accident, can have a disastrous financial consequence for people they are notarizing for. A surety bond protects the public from these mistakes for the policy amount of the bond.
A $10,000 notary surety bond is required for all applicants in the state of Michigan (new and renewal) applying for a notary public commission. This bond is an insurance agreement making the surety liable for up to $10,000 in damages for failure of the notary applicant to perform his or her duties that results in damage to the public.
The exact wording of Michigan State Notary Law is as follows:
5.273.Sec. 13:
1. Within 90 days before filing an application for a notary public appointment, a person shall file with the county clerk of his or her residence or expected appointment a proper surety bond and an oath taken as prescribed by the constitution....
3.The bond shall be in the sum of $10,000.00 with good and sufficient surety by a surety licensed to do business in this state. The bond shall be conditioned upon indemnifying or reimbursing a person, financing agency, or governmental agency for monetary loss caused through the official misconduct of the notary public in the performance of a notarial act. The surety is required to indemnify or reimburse only after a judgment based on official misconduct has been entered in a court of competent jurisdiction against the notary public. The aggregate liability of the surety shall not exceed the sum of the bond. The surety on the bond may cancel the bond 60 days after the surety notifies the notary, the secretary, and the county clerk of the cancellation. The surety is not liable for a breach of a condition occurring after the effective date of the cancellation. The county clerk shall not accept the personal assets of an applicant as security for a surety bond under this act.services different than the amount prescribed by this subsection. Two dollars of each fee collected under this subsection shall be deposited into the notary education and training fund established in section 17 on a schedule determined by the secretary.
Ordering this bond is simple. Just print out the Surety Bond Application below, complete application and mail, fax or email it to us. Then, purchase the Surety Bond through our website by clicking on "add to cart" below.
If you need any additional questions answered, please call or email A to Z.
MINOBO
In Michigan a notary public is required to file a bond. The bond protects the public and guarantees the notary will faithfully and honestly perform the duties of their office. A to Z offers the required $10,000 Bond Amount for your 6 Year term.
$50.00
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