what is a notary bond
A notary bond is a guarantee of payment to the obligee (the State) should a loss occur for a penalty amount of the bond. Notary bonds are usually provided by a surety company (typically an insurance carrier).The bond generally runs concurrently with the term of the notary public's commission.You're probably familiar with an auto insurance policy. If you have an auto accident, the insurance company pays the claim and writes off the loss.otary bonds are usually provided by a surety company (typically an insurance carrier). The bond generally runs concurrently with the term of the notary public's commission. You're probably familiar with an auto insurance policy. If you have an auto accident, the insurance company pays the claim and writes off the loss.