Article image - surety bonds surety bonds

Surety bonds are three-party instruments by which one party (the Surety) guarantees or promises a second party (the Obligee) the successful performance of a third party (the Principal). A surety bond is an agreement in writing that usually provides for monetary compensation should there be...

Article image - notary bonds notary bonds

A great deal of legal authority is put into the hands of notaries. Because of this, many states require that notaries file a surety bond to ensure they’ll perform their duties ethically and according to law. In most cases, notaries must post a surety bond...