The state of Indiana allows notaries to obtain a Freehold Bond or a Surety Bond. While you may see the Freehold bond is free and assume that is a better deal. That is NOT always the case. A bond is collateral. No matter the type you choose, it is there...
The state of Indiana allows notaries to obtain a Freehold Bond or a Surety Bond.
While you may see the Freehold bond is free and assume that is a better deal. That is NOT always the case.
A bond is collateral. No matter the type you choose, it is there to protect the public against any mistakes you may make while commissioned.
The Freehold bond still ensures the public and the state has $5,000 worth of collateral while you are commissioned. Instead of you paying a fee to have the bond, under a Freehold, a person, other than yourself, puts forth the $5,000 Bond in the form of property they own.
The bond ensures you will stay lawful during your term as a notary public, if you do not the bond is collected for possible damages resulting from your improper notarial acts. If you choose the Freehold Bond, the property of the individual you named could be confiscated.
Be sure you are aware of which bond you are choosing. Do not simply choose the Freehold Bond when applying because it saves you the $50—mistakes happen during commissions. Even the best notary public will make a mistake at some point, the scale of those mistakes vary, along with the repercussions. Do not let one of the repercussions be someone losing property they were unaware they could potentially lose.
The Secretary of State addresses this and other common questions about becoming an Indiana notary public. Our customer care team at 800-821-0828 will help answer any questions you have as well.
To purchase a notary surety bond, visit our Indiana become a notary or renew a commission pages to fulfill the state requirements today.
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