What type of notarization requires a $25,000 bond in Illinois?

In Illinois, remote notarization requires a $25,000 bond. This type of notarization allows the notary to perform their duties using audio-visual technology, enabling them to connect with signers who may be located in different places. The bond is a form of insurance that protects against potential misconduct or errors made by the notary during the performance of remote notarizations.

This bond is a requirement specific to remote notarization practices to enhance accountability and consumer protection in a context that lacks the traditional in-person verification that characterizes standard notarizations. Other forms of notarization, such as traditional or electronic notarization, do not carry the same bonding requirement.