What Is A Florida Notary Bond?
A Florida notary public is an official position appointed by the FL Secretary of State. In order to serve, a notary public is required to obtain a notary bond. A notary bond is one of several types if surety bonds that are designed to provide protection for the consumer, in this case the State.
The primary responsibility of a Florida notary public is to ensure that in a contract situation those individuals presenting themselves as parties to the contract are, in fact, who they claim to be. Should the notary public fail to properly verify the identity of one or more of the parties, the State may be subject to loss.
The notary bond purchased by the FL notary public will provide coverage for these losses should a legitimate claim be brought up against the claim. The surety bond is a guarantee that the oblige will be paid using the penalty amount associated with the bond.