Washington Surety Agreement

Category:
State:
Multi-State
Control #:
US-0593BG
Format:
Word; 
Rich Text
Instant download

Description

A surety is a person obligated by a contract under which one person agrees to pay a debt or perform a duty if the other person who is bound to pay the debt or perform the duty fails to do so. Usually, the party receiving the surety's performance will firs
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FAQ

You can purchase your Washington Notary bond on its own or as part of an NNA Notary supply package. To purchase a Washington Notary supply package that includes your Notary bond, official Notary stamp, journal and everything you need to properly perform your duties, click on the Become or Renew buttons below.

Average Cost:Between $100 $360 per year for the $12,000 bond.

You can request your bond online by filling out our quick and easy form, or you can call 1 (800) 308-4358 to speak with a surety expert who can answer your questions.

General contractors require a $12,000 surety bond, and specialty contractors need a $6,000 bond that they must post to the Washington State Dept. of Labor & Industries (L&I). Electrical/telecommunication contractors must submit a $4,000 surety bond when applying for a license from the L&I.

Your Washington Notary Surety Bond. Washington law requires all Notaries to purchase and maintain a $10,000 Notary surety bond for the duration of their 4-year commission. The Notary bond protects the general public of Washington against any financial loss due to improper conduct by a Washington Notary.

What Do Washington Surety Bonds Cost? Surety bonds generally cost 1-15% of the required bond amount. Costs vary significantly depending on the bond amount you need and your rate (which is the percentage of the full bond amount you must pay).

Determining Your Bond Type You can request your bond online by filling out our quick and easy form, or you can call 1 (800) 308-4358 to speak with a surety expert who can answer your questions.

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Washington Surety Agreement