What is the bond amount required for a traditional notary commission in Illinois?

In Illinois, the bond amount required for a traditional notary commission is $5,000. This bond serves as a form of financial protection for individuals who incur damages due to the notary's misconduct or negligence while performing their duties. The bond acts as a safeguard against losses that may arise from errors or omissions in notarization.

This amount is established by Illinois law and is intentionally set at a level that balances the need for consumer protection with the practicalities of obtaining a bond. Notaries are required to maintain the bond for the duration of their commission, and it must be filed with the county clerk upon their appointment. This ensures that there is a financial resource available to compensate individuals who may suffer losses due to a notary's improper actions, thereby helping to uphold the integrity of the notarial acts performed in the state.