Why do you Need a Michigan Notary Bond?
As a Michigan Notary, the state of Michigan requires a Notary Bond, which protects the public from any errors you might make while performing your notarial duties. The bond provides financial coverage for any damages caused by your negligence, errors, or omissions up to the bond’s limit.
How do you apply for a Notary Bond?
To apply for a Notary Bond, you need to visit the Michigan Notary Application website and fill out the application form. The form will ask for your full name, date of birth, residential and business address, phone number, and driver’s license number. It’s important to note that no credit check is required, and you don’t need to provide your social security number. Once you’ve completed the form, submit it.
Once you’ve submitted your application for a Notary Bond, you’ll receive the bond within one business day. It’s important to note that you must present the bond to your County Clerk when they administer the Oath of Office. This step is crucial as it officially recognizes you as a Notary Public in the state of Michigan.
How Much does a Michigan Notary Bond Cost
The Michigan Notary bond, which lasts for six or seven years depending on your birth date, offers a high level of financial security. It requires a one-time payment of $50 for that period. Should you wish to terminate the bond, a 60-day notice is required. Additionally, you have the option to purchase Notary Errors and Omissions Insurance. This insurance provides additional liability coverage, safeguarding you from any financial loss your client might suffer due to a mistake you make during the notarial process. With coverage amounts usually ranging from $5,000 to $100,000, this insurance can be a valuable investment, ensuring your financial security and peace of mind during your notary term.
Information on Notary Bond Requirements
Finally, more information on Michigan’s bond requirements visit the Michigan Notary Bond Requirements page. If you’re ready to purchase your Michigan bond, call 248-277-4505. Remember, having a Notary Bond is a legal requirement, and it’s essential for protecting the public and your professional reputation.
