A notary is a person given the mandate to approve his signature on a document or act as a witness. This person has the power to take oaths. In Arizona, notaries must adhere to strict regulations outlined by the secretary of states.
A Notary bond protects you when you suffer a loss as a result of negligence. The notary should ensure that what is presented to be true, if he fails to ascertain this and in the process, you suffer a loss, then by the laws provided, the bond will cover all the damages suffered or a sum as stated in the bond contract. Notary Bonds in Arizona especially have strict consequences to the Notary
Notary Bonds in Arizona come as four-year contracts. A long time gives you an opportunity to seek one public notary for your needs within the stipulated time. On expiry, the notary has the option of renewing or canceling it altogether. A 30-day notice of cancellation should be given out to the secretary of state.
A notary bond acts as your safety cushion.
1. It ensures that the notary follows all the laws provided by the state. Hence all he does is legal.
2. The bond gets you reimbursed on all the damages you may incur as result of notary’s negligence. If it’s proven that the notary failed to handle his work as required of him and in the process, you incurred losses, then the bond has laid out procedures on what should happen, it also has a compensation package.
3. This bond displays your professionalism as a public notary. It goes to show that you are trustworthy.
4. A notary bond indicates that you are a stable entity. It indicates that you take being a notary as important as any other job
There are different notary bonds, visit website for more information. They fall under the surety bond. A surety bond is a bond from a third party that affirms that the two sides will act and do as per the agreement. Whether its contract, license, and permit or court bonds, a bond is one of the best ways to avoid confusions and disagreements.