What is the monetary amount that current IL notaries must purchase to perform electronic notarizations?

To perform electronic notarizations in Illinois, a notary public must secure a bond in the amount of $25,000. This requirement ensures that there is a financial guarantee for the notary's actions, protecting the public from any potential misconduct or errors that may occur during the notarization process. The bond serves as a form of insurance, providing recourse to individuals who may be harmed due to a notary's improper actions.

This bond amount is specific to electronic notarizations, reflecting the added responsibilities and trust placed upon notaries who are utilizing technology to conduct their duties. Other bond amounts provided in the question do not meet the specific requirement for electronic notarizations, as they pertain to different contexts or prior regulations that no longer apply under the current law.