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Resources > Glossary > Surety Bond

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

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Common Terms 1   Common Terms 2

Surety Bond

Function: noun

Definition 1:
See "Bond". Many states require notaries to carry a surety bond to protect others from any misconduct or mistake. Should the Notary be liable for monetary sums, the bonding company would be liable to pay whatever was owed, and would then go after the Notary to collect the damages. A California Notary must have a $15,000 surety bond which costs about $50 to purchase.

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