Arkansas Notary Bond
What is an Arkansas notary bond?
A notary bond is required as part of the licensing process for anyone who wishes to become a notary public in Arkansas. The bond serves as a financial guarantee that the notary will fulfill their duties under the law and won’t engage in any fraudulent or illegal activities. It protects the public from monetary losses if their notary makes a mistake or violates the surety contract.
By purchasing a notary bond in Arkansas, you and your surety company guarantee the Secretary of State that you’ll pay any losses incurred by the public. If you break the law, you could face claims of up to $7,500 during your 10-year commission.
Get Your Notary Bond in Arkansas:
How much do notary bonds in Arkansas cost?
The cost of an Alabama notary bond can vary depending on several factors, including the applicant’s credit history and the surety company issuing the bond. The bond amount is typically $7,500.
ZipBonds can issue these bonds (with or without errors and omissions insurance) immediately for just $100, which covers your entire 10-year commission term. You can apply online or by phone with us to get bonded in minutes!
Who needs an Arkansas notary surety bond?
Individuals who wish to become notaries in Arkansas must obtain a $7,500 notary surety bond for their 10-year commission term. This bond protects the public from errors or misconduct during notarization and provides a financial safeguard if a notary public breaks the law.
How do I file my notary bond?
To obtain an Arkansas notary bond, applicants must find a reputable surety company authorized to issue bonds in the state (like ZipBonds). The applicant must provide personal information, including their name, address, and other information about their notary public commission. Once approved, the surety provider will issue the bond!
How do I become a notary public in Arkansas?
To become a notary public in Arkansas, you must meet basic requirements, such as being at least 18 years old, a resident of Arkansas (or a state bordering it), and able to read and write in English.
Here’s how to apply:
- Purchase a $7,500 notary bond.
- Go to the Secretary of State’s website and create an account.
- Take and pass an exam online.
- Make sure to sign the affidavit and have it notarized.
- Purchase your notary seal.
If you have questions about the application process – starting a new application, renewing a commission, or updating personal information – see the Arkansas Secretary of State’s guide, How to Use the System.
Arkansas also allows for remote online notarization, which offers more flexibility and freedom by working from home! Read our blog post to learn more.
Why would someone file a claim on this bond?
A claim against an Arkansas notary bond can arise if a notary public fails to adhere to legal requirements, engages in fraudulent behavior, or improperly notarizes a document. This bond is a financial safeguard compensating individuals who suffer losses due to the notary’s misconduct.
Do I need E&O insurance if my state requires a bond?
Errors and omission insurance is different from surety bonds. Insurance protects you, while a notary bond protects your clients. Your insurance could even protect you from bond claims, covering the costs of paying them out (if it comes to that). Since E&O insurance and notary bonds go hand in hand, some sureties offer both. When you purchase your notary bond from ZipBonds, you can add E&O insurance for no additional cost.
How to Purchase Your Notary Bond in Arkansas
ZipBonds offers the fastest and most secure option for getting the surety bonds you need. Our all-digital platform is intuitive and straightforward. Apply online or call us at (888) 435-4191 to speak with an agent directly. Many of our bonds are approved and processed instantly upon application.
About ZipBonds.com
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.