Washington Notary Bond

Washington Notary Bond

In Washington State, a Notary Bond is a required safeguard for notaries public to ensure they adhere to ethical and legal standards. This bond protects the public from financial losses caused by errors, negligence, or misconduct by a notary. Here’s a complete guide to understanding and obtaining a Washington Notary Bond.

What Is a Washington Notary Bond?

A Washington Notary Bond is a Washington surety bond that acts as a financial guarantee, ensuring that notaries perform their duties in compliance with state laws. The bond compensates individuals harmed by a notary's actions, such as fraud or improper notarization, but it does not cover the notary personally. Notaries are responsible for reimbursing the surety company for any valid claims paid on their behalf.

Why Is a Notary Bond Required in Washington?

The state of Washington requires notary bonds to hold notaries accountable for their actions and protect the public. The bond serves as a financial safety net for individuals who suffer losses due to a notary's failure to follow state laws or ethical practices.

Key Features of a Washington Notary Bond

  • Bond Amount: Washington requires a $10,000 bond for all notary applicants.
  • Term Length: The bond is valid for the duration of the notary’s commission, which is four years in Washington.
  • Surety Provider: The bond must be obtained from a licensed surety company authorized to operate in Washington State.
  • Coverage: The bond protects the public but requires the notary to reimburse the surety for any claims paid.

How to Obtain a Washington Notary Bond

  1. Select a Licensed Surety Provider
  2.  Choose a reputable surety company that issues notary bonds in Washington.
  3. Complete the Application
  4.  Provide personal details such as your name, address, and notary commission information.
  5. Pay the Bond Premium
  6.  The premium, typically ranging from $40 to $100 for a $10,000 bond, depends on the provider and any additional coverage options.
  7. Receive the Bond Certificate
  8.  Once approved, the surety company will issue a bond certificate.
  9. File the Bond with the Department of Licensing
  10.  Submit the bond certificate along with your notary application or renewal to the Washington State Department of Licensing.

Responsibilities of a Washington Notary

Washington notaries must follow strict guidelines to maintain public trust. These responsibilities include:

  • Verifying the identity of individuals signing documents.
  • Ensuring that signers are acting voluntarily and not under duress.
  • Administering oaths and affirmations when required.
  • Keeping accurate records of notarial acts as mandated by state law.

Failure to fulfill these responsibilities can lead to claims against the notary bond and legal or financial repercussions.

What Happens If a Claim Is Filed Against a Washington Notary Bond?

If a notary is accused of negligence, fraud, or misconduct, an affected party may file a claim against the bond. The process includes:

  1. Investigation
  2.  The surety company investigates the validity of the claim.
  3. Payout
  4.  If the claim is deemed valid, the surety pays damages to the affected party, up to the $10,000 bond limit.
  5. Reimbursement
  6.  The notary must reimburse the surety for any amounts paid on their behalf.

Frequently Asked Questions About Washington Notary Bonds

How much does a Washington Notary Bond cost?

The bond premium typically ranges from $40 to $100 for the four-year term. The cost may vary depending on the surety company and additional services such as Errors and Omissions (E&O) insurance.

Is a notary bond the same as insurance?

No, a notary bond protects the public, not the notary. Notaries can purchase E&O insurance for personal liability coverage.

Where do I file my Washington Notary Bond?

The bond must be filed with the Washington State Department of Licensing when submitting your notary application or renewal.

Do I need to renew my notary bond?

Yes, the bond must be renewed every four years along with your notary commission.

Can a claim against my bond affect my commission?

Yes, valid claims can lead to penalties, including suspension or revocation of your notary commission.

Conclusion

A Washington Notary Bond is a crucial requirement for becoming a notary public in the state. It protects the public, promotes ethical practices, and ensures notaries are held accountable for their actions. By understanding the bond’s purpose and responsibilities, notaries can provide trustworthy services while complying with state regulations.

Who needs to get a surety bond in Washington? 

In Washington, a surety bond is often required by law to protect consumers and the general public, help guarantee performance on a contract, or ensure compliance with regulations. The exact reason you might need a surety bond depends on your situation—most commonly, individuals or businesses are required to obtain a surety bond if they are: 

  • Applying for a professional license Certain professions (e.g., contractors, auto dealers, mortgage brokers) must post a surety bond to be licensed in Washington. The bond protects customers and the state by ensuring that the licensed professional will abide by regulations and fulfill their obligations ethically and legally. 
  • Performing contract work for public agencies If you are performing public works or government construction projects, you might be required to post a surety bond. This type of bond guarantees that you will complete the project as per the agreed contract and meet all legal and regulatory requirements.
  • Protecting clients’ funds or property In some professions where businesses or individuals handle clients’ money or assets (e.g., escrow agents, fiduciaries, notaries), Washington requires bonds to safeguard those funds or property in case of malpractice or misconduct. 

Obtaining certain permits 

Local jurisdictions sometimes mandate surety bonds for activities that carry particular risks—such as certain building, moving, or environmental permits—to ensure compliance with municipal codes and protect public safety and property. ‍ Overall, surety bonds offer a layer of protection to the public and encourage businesses to act responsibly and abide by all applicable laws and regulations. If a bonded individual or business fails to fulfill their legal or contractual obligations, claims can be made against the bond to cover damages or losses up to the bond amount. ‍ 

How can SuretyNow help me get a Washington surety bond?

Obtaining a Washington surety bond is quick and straightforward with SuretyNow. Here’s how our experts help you through the nation’s fastest bonding process: 

1. Identify Your Washington Surety Bond Contact the obligee requiring the bond to determine which Washington surety bond you need. 

2. Submit Your Free Online Application Fill out our simple application here at SuretyNow for instant review. 

3. Receive a Fast Quote We’ll promptly evaluate your application and provide a competitive quote. 

4. Pay & Get Your Bond Immediately Once you pay the bond premium, we’ll issue your Washington surety bond right away. 

5. Sign & File Your Bond Finalize the process by signing and filing your bond with the obligee. Rely on SuretyNow for a seamless experience every time you need a Washington surety bond.

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