Hi,
I’m a new notary in Maryland. I’m going to attempt to be a mortgage notary. I’m hoping someone can answer a question about bonds.
In Maryland, bonds are not required. Should I purchase one anyway? Will signing companies and title companies require this? Or, will I be able to get work without it?
Don’t you need a title producer’s license to do closings?
Oh! I have a title producer’s license. But, I’m currently employed by a title company who provides the bond. I completely forgot that if I work independently, the license requires me to have my own bond.
Well, question answered. Thanks for jogging my memory.
Oh wait…I took that licensing exam a while ago. Now that I’m reviewing my notes, I’m unsure if I’m required to get a bond. I think the title company’s bond might cover me…
Hmm…this is a more complicated question than I realized. Maybe I should call the department that issues the licenses.
You are not required to get a bond as TIPIC. The title companies you get work from have the bond. If you start your own title company then the company gets the bond.
