Posted by bowie_MD on 7/1/10 3:26pm
Msg #343424

MARYLAND AND SURETY BOND n/m

Reply by bowie_MD on 7/1/10 3:29pm
Msg #343425

Re: MARYLAND AND SURETY BOND

SORRY TOO FAST ON THE KEYS
MAYBE I HAVE BEEN ASLEEP AND MISSED THIS BUT
THERE WAS APPARENTLY A CHANGE EFFECTIVE JULY 1
NOW COMPANIES MUST COVERS NOTARY SIGNING AGENTS UNDER THEIR BOND.
MIA NO LONGER REQUIRES US TO CARRY OUR OWN BOND??????
SO IF A SIGNING SERVICE CALLS US FROM CALIFORNIA AND WE ACCEPT DO THEY ASSUME WE HAVE A BOND OR WHAT?
CONFUSED IN MARYLAND
THANKS

Reply by MW/VA on 7/1/10 3:49pm
Msg #343428

Just a reminder--typing in all caps is considered shouting. n/m

Reply by Ilene C. Seidel on 7/1/10 3:58pm
Msg #343432

Re: MARYLAND AND SURETY BOND

You have been asleep for a while there have been postings on this subject. If you pm your email address to me I will send you a copy of the new bill. Don't get too excited there's more to it.

Reply by DEBORAH CASCIO on 7/1/10 4:15pm
Msg #343434

Re: MARYLAND AND SURETY BOND

Confused also, does this mean that we can only work for title companies, I just talked to 2 signing companies and they do not have the bonds, only E&O bonds?

Reply by Ilene C. Seidel on 7/1/10 4:54pm
Msg #343440

Re: MARYLAND AND SURETY BOND

Unfortunately, the signing companies have nothing to do with this new law. The title company that hires the signing company is responsible to cover the TIPIC. If you want a copy of the new law and I'm happy to decifer it for you let me know.

Reply by Brasring_Ca on 7/1/10 5:49pm
Msg #343445

Re: MARYLAND AND SURETY BOND

Where can I get the info on this please, I guess I have been working so much that I fell out of the loop! TIA Jenifer

Reply by Linda_H/FL on 7/1/10 5:54pm
Msg #343447

Jenifer, this pertains to MD notaries and their TPL

don't think it affects you out in CA...

Reply by Brasring_Ca on 7/1/10 5:59pm
Msg #343448

Re: Jenifer, this pertains to MD notaries and their TPL

Ok, maybe that's why I hadn't heard about it. Silly me! Thank you!

Reply by Prosperity on 7/2/10 4:04am
Msg #343513

Re: Jenifer, this pertains to MD notaries and their TPL

MIA has a bulletin listed. I have it. If you e-mail me using the address on my profile, I'll reply with a copy of the bill. Please use "Bulletin" as your subject, as I get many e-mails and will delete if I don't know the sender. The way I understand it is this.....We either have to be "appointed" under a Title Company's Fidelity Bond for $150,00 or we must carry our own, hence the $150,000 Surety Bond. I just renewed my License and it was held up until I could fax them a copy of my Surety Bond. The new DOT must include our License Number. Would like to say that I did a signing yesterday for one of the bigger companies and there was no difference in the deed. I tried contacting them last week to see if they knew about it and they didn't respond.

Reply by Ilene C. Seidel on 7/2/10 5:36am
Msg #343518

Prosperity

Don't forget you not only have to list your TPL but your name and address on file with MIA on the DOT.

Reply by Ilene C. Seidel on 7/2/10 5:34am
Msg #343517

Re: MARYLAND AND SURETY BOND

PM your email address I'll forward the bulletin