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. |
