New Mexico Notary Bond
What is a New Mexico notary bond?
The New Mexico Secretary of State requires all notaries in the state to file a $10,000 notary surety bond. The bond serves as a financial guarantee that the notary will fulfill their duties under the law and won’t engage in fraudulent or illegal activities. It protects the public from monetary losses if their notary makes a mistake or violates the surety contract during their 4-year commission term.
Get Your Notary Bond in New Mexico:
How much does a New Mexico notary bond cost?
Notaries must use this bond to guarantee the State of New Mexico that they will pay any losses incurred by the public up to $10,000. Your bond will only cost a fraction of the bond amount.
ZipBonds offers a $10,000 notary bond with errors and omissions insurance for just $100. Apply online for instant approval (without a credit check) or by calling (888) 435-4191.
Who needs a notary public bond in New Mexico?
Anyone who wishes to act as a notary public in the State of New Mexico must obtain a $10,000 notary bond. The bond protects the public from errors or misconduct during notarization and provides a financial safeguard if a notary public violates the law.
How to Become a Notary Public in New Mexico
New Mexico allows for both traditional and remote online notaries. Here’s an overview of the process to help you get started.
- Purchase a $10,000 surety bond.
- Complete an online training course.
- Pass an exam.
- Register your notary stamp with the Secretary of State.
- Complete an online application.
- Pay a $30 filing fee.
Check out our blog article for more information on becoming a traditional or remote online notary: How to Become a Notary Public in New Mexico.
How do I file my notary bond?
To obtain a notary bond, applicants must find a reputable New Mexico bond agency authorized to issue notary bonds in the state (like ZipBonds). The applicant must provide basic information, including name, address, and information about their notary public commission. Once approved, your surety provider will issue your bond.
To continue working as a notary public, you must renew your bond every 4 years (before the end of your commission term).
How do I renew my New Mexico notary commission?
To renew your notary commission with the New Mexico Secretary of State, you must apply online, renew your notary bond, and register your stamp within 45 days of renewal.
Why would someone file a claim on this bond?
Someone may file a claim against your notary public bond if you violate the law by engaging in fraudulent activities or fail to notarize a document properly.
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 New Mexico
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.