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Re: E & O--Yes, required. Bond not sufficient.
Posted by  Yoli/CA of CA on 2/23/17 5:21pm Msg #570697
In CA, we are required to post a $15,000 notary bond as a condition of our commission.

As far as the State is concerned, the E&O is optional. However, most title companies, signing services and lenders usually require E&O. That coverage amount requirement varies. Some say $25K, most say $100K. I believe Provident requires $500K and North American Title requires $1M (I may have those backwards). A search here should give you more info on that.
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Messages in this Thread
 E & O - Karla/OR on 2/23/17 2:34pm
 Re: E & O--Yes, required. Bond not sufficient. n/m - Lee/AR on 2/23/17 2:44pm
 Re: E & O--Yes, required. Bond not sufficient. -  Yoli/CA on 2/23/17 5:21pm
 Many states require both. You can get both right here at NR n/m -  MW/VA on 2/23/17 2:59pm
 Re: E & O - Luckydog on 2/23/17 5:02pm
 Sorry referencing the bond. E&O is a separate purchase. n/m - Luckydog on 2/23/17 5:04pm
 VA is one of the few states that doesn't bond us. I wish -  MW/VA on 2/23/17 7:58pm
 Re: VA is one of the few states that doesn - Karla/OR on 2/24/17 12:42am
 That's right. We can't even handle a separate shipping pkg. -  MW/VA on 2/24/17 8:20am
 These are separate. In IL, we require a $5k bond. But I have -  C. Rivera Chicago Notary Services on 2/24/17 7:55am
 Bond & E&O - Clem/CA on 2/24/17 7:09pm
 Bingo! Clem said it all. n/m - Lee/AR on 2/25/17 9:18am



 
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