Why a Notary Bond?
A notary public is an official appointed position by the Secretary of State’s department in a given state. Just like most public officials, the State specifies that the individual obtain a surety bond prior to getting their commission. This bond “makes sure” that if the notary violates the public trust through neglect of their responsibilities, finances are set aside to indemnify the State for its loss. The principal duty of notaries public is to validate that the individual parties to a contract are who they claim to be. The State may experience a loss if the notary fails to properly validate the identity of the parties. As a public official, the notary violates the public trust by failing in their responsibility to confirm identity. If a notary public in Florida doesn’t confirm identity and a loss occurs, an injured party can file a claim against that State for the loss, because the State was negligent through its appointed representative. A notary bond is a guarantee of payment to t
