There has been an update to the bond requirement for notaries in North Dakota State. The new bill, which is named HB 1136 keeps the required surety bond amount at $7,500; but the bill now offers the option of other forms of security in place of the bond as long as it’s issued by a state licensed business. The surety bond is there to guarantee the responsible and honest execution of the notary’s duties under state laws. HB 1136 also notes that the surety company is liable if the notary doesn’t uphold the state laws which is a standard of the surety industry.
Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.