The Arizona Secretary of State oversees the licensing of notaries. The commission granted by the Secretary of State is for 4 years and one day less. Thus, a commission granted on September 17, 2020 will expire on September 16, 2024.
The state of Arizona also requires licensed notaries to maintain a surety bond on file in the amount of $5000.00. The premium for this bond is $50.
Applicants for a notary bond with AmeriPro Surety Bonds will have instant approval. This bond is an "Instant Issue" bond. This means that there are no credit or background checks required for this bond.
After filling out the application and paying your $50 premium fee, the bond will be issued to you. You, in turn, will need to file the surety bond with the Secretary of State Office.
The Arizona notary bond is valid for as long as your commission is, specifically, 4 years, less one day.
A notary bond protects the public from acts of negligence, dishonest, or malfeasance on the part of the notary. As such, it can almost be regarded as insurance purchased by the notary on behalf of the public. The Arizona Secretary of State is the obligee on a notary bond.
Importantly, a notary bond does not protect the notary at all.
To buy insurance which protects the notary, AmeriPro Surety Bonds strongly recommends that you buy an Errors and Omissions insurance (E&O) policy.
Whereas a notary bond protects the public from wrongful acts by an Arizona notary agent, an E&O policy is insurance which protects a notary (subject to restrictions).
For a small additional fee, by purchasing an E&O insurance policy (which is not required by the Arizona Secretary of State), along with your notary bond, you have added peace of mind that your interests are protected as well!
Especially if you plan on using your notary commission in a part-time or full-time business capacity, we say that an E&O policy is indispensable.
AmeriPro Surety Bonds offers notary surety bonds in Arizona and all states where a notary bond is required.
Call us today to get your no-hassle Arizona notary bond.