Why do notary need bonds?

Notaries need bonds to provide a financial guarantee that they will perform their duties honestly and faithfully. A notary bond protects the public from potential mistakes or misconduct by the notary, ensuring that if a notary's actions cause financial harm, the affected party can seek compensation from the bond. This requirement helps maintain trust in the notarial process and upholds the integrity of legal documents. Additionally, having a bond can enhance a notary's credibility and professionalism.