Why do you Need a Michigan Notary Bond?
The State of Michigan requires a Notary Bond to become a Michigan Notary. A Michigan Notary bond protects the public from mistakes you make while performing your notarial duties during the term of your commission that result in damage to the public. The bond protects against errors, omission, or negligence caused by the Notary, either voluntarily or involuntarily. A bond provides a financial guarantee up to the bond’s limits if the Notary if you are at fault.
How do you apply for a Michigan Notary Bond?
Your Michigan Notary Public application must include your driver’s license number, full name, date of birth, residential address (the address on your driver’s license or state id), business address, and telephone number. Click the highlighted link for the Michigan Notary Application to print a copy of the notary application. Your social security is unnecessary, and the application does not require a credit check.
You can fill out the form below to submit your Notary Bond application. Typically a bond can get a bond within one business day. You will need the bond when your County Clerk administers the Oath of Office. To start your bond, fill out the form below and hit submit and we will contact you.
How Much does a Michigan Notary Bond Cost
The bond term is six or seven years, depending on the applicant’s birth date. The cost is a one-time payment of $50 for that period. To terminate your bond for any reason requires 60 days prior notice. You may need separate coverage in addition to your bond: Notary Errors and Omissions Insurance policy. E & O insurance is liability coverage to protect your personal and professional assets if you make a mistake during the notarial process that causes your client to suffer financial loss. Errors and omissions insurance can cover court costs and any settlements up to the insurance contract amount. You can purchase different amounts, usually ranging from 5,000 – to 100,000, and can cover your notary term.