How much does it cost to be a Notary in Idaho?

The cost to become a Notary in Idaho includes the state’s $30 application filing fee, the price of your $10,000 surety bond and the cost of your official Notary seal. Prices for your bond, seal and optional Notary supplies and training will vary depending on the vendor you select.

How much do Notaries make?

Nearly two-thirds of full-timers who have been in business for at least 3 years earn $4,000 or more a month, and 16 percent earn more than $7,500 a month. 43 percent of all part-time, self-employed Notaries earn more than $500 a month; nearly 30 percent earn more than $1,000 a month.

Can I notarize for family in Idaho?

Can I perform a notarization for a family member? Idaho law states you may NOT notarize your own signature. However, you are allowed to notarize for anyone (but the notary his/herself) as long as there is no conflict of interest.

How much is an Idaho Notary Bond?

The state of Idaho requires every Notary to purchase a $10,000 Surety Bond in order to protect the public financially from the possibility of a negligent mistake or intentional misconduct. As the nation’s Notary bond leader, the NNA is ready to issue your state-required bond.

What are the cons of being a notary?

The Cons of Being a Notary
  • Steady income can be difficult.
  • You could be sued for a lot of money.
  • Upstart and upkeep costs can add up.

What is an Idaho Notary bond?

Idaho Notaries are required by law to purchase and maintain a $10,000 Notary surety bond for their entire 6 year term of office. The Notary bond protects the Idaho public against financial loss due to improper conduct by a Notary. The Notary bond is NOT insurance protection for Idaho Notaries.

What is a surety bond?

A surety bond is a promise to be liable for the debt, default, or failure of another. It is a three-party contract by which one party (the surety) guarantees the performance or obligations of a second party (the principal) to a third party (the obligee).