It guarantees that the notary will be paid their fees by clients.
It acts as a malpractice insurance policy, protecting the notary's personal assets from lawsuits.
It provides financial compensation to the public if they suffer damages due to the notary's misconduct or negligence.
It covers the administrative costs of the Secretary of State's Notary Division.
Correct Answer
C. It provides financial compensation to the public if they suffer damages due to the notary's misconduct or negligence.
AI Explanation
Purpose of the Notary Bond. The $15,000 surety bond is not an insurance policy for the notary. It is designed solely to provide a limited fund to reimburse the public for damages caused by the notary's fraudulent or negligent acts. The surety company will seek repayment from the notary.
See the Correct Answer & AI Explanation
Instant feedback, law citations, and AI-powered explanations for all 400+ CA notary exam questions — free.
🔒 View Correct Answer & AI ExplanationNo credit card required · Interactive quiz simulator