IL Notary Notary Bond Requirements and Commission Maintenance 2

Question 1

What is the required bond amount for an Illinois notary public?

Accepted Answer

$5,000

Answer

$1,000

Answer

$10,000

Answer

$25,000

Question 2

Who does the notary bond protect?

Accepted Answer

The public against notary misconduct

Answer

The notary against lawsuits

Answer

The notary's employer

Answer

The surety company

Question 3

How long is the standard term of an Illinois notary commission?

Accepted Answer

4 years

Answer

2 years

Answer

5 years

Answer

10 years

Question 4

What must an Illinois notary do with their commission and seal when their term expires?

Accepted Answer

Destroy the seal and notify the Secretary of State

Answer

Continue using them until the renewal is processed

Answer

Store them for future reuse

Answer

Return them to the county clerk

Question 5

If a claim is paid on an Illinois notary's bond, what happens to the notary?

Accepted Answer

The notary must reimburse the surety company

Answer

Nothing, the bond company absorbs the cost

Answer

The notary's commission is automatically renewed

Answer

The notary receives a tax deduction

Question 6

What is required to renew an Illinois notary commission before it expires?

Accepted Answer

Submitting a new application, bond, and oath of office

Answer

Simply paying the renewal fee

Answer

Passing a notary examination

Answer

Obtaining a recommendation from a sitting judge