What Is A Maryland Notary Bond?
A bond that protects all of the parties involved in a notary transaction in Maryland is called a notary bond. This type of surety bond must be taken out by a notary prior to performing services for a consumer. If the notary is negligent in any way, even if it is accidental, the consumer has the right to file a claim against the bond. The surety bonds company will then payout to the consumer to cover their losses because of the MD notary transaction.
A notary bond is required in Maryland for all notaries that wish to carry out notary services for customers. This is because the duties of a notary are of a sensitive nature. They handle documents and information that need to be taken great care of. If they commit any acts of misconduct, they could cause serious financial harm to the consumer. This is why the notary bond is necessary in MD.
Contact Ox Bonding for surety bonds, including a notary bond, in Maryland.