GI-Official Bond Flashcards
(8 cards)
What is the required sum for the official surety bond of a notary public?
$1,000
This bond ensures the notary’s faithful performance of duties.
Who must approve the bond of a notary public?
A judge of the circuit court
The judge must be from the circuit where the notary resides.
Who is the obligee of each notary public bond?
The State
The bond ensures the notary’s compliance with the law.
What is the primary condition of the notary public’s bond?
To perform all duties faithfully
Duties are defined by law or rules made under statutory authority.
What type of company can be a surety on the notary bond?
A surety company authorized to do business in the State
This ensures the bond is legitimate and enforceable.
Where must the approved bond be deposited?
In the office of the clerk of the circuit court
This is where the notary public resides.
What record must the clerk keep regarding the notary bonds?
A book called the ‘bond record’
This record includes data about each bond deposited.
True or False: The notary public bond must be kept on file indefinitely.
True
The bond is a permanent record to ensure accountability.
