What is the maximum liability of a surety for a notary's bond?

The maximum liability of a surety for a notary's bond is determined by the total penalties outlined in the bond itself. This means that the surety is responsible for paying up to that total amount in case of claims made against the bond. The penalties specified in the bond serve as a limit on the surety's liability, indicating that there is a defined maximum amount that can be claimed and paid out, ensuring that both the notary and the claimants have clear guidelines on financial recourse in cases of misconduct or negligence by the notary.

In the context of notary practice, a bond is a protective mechanism that provides reassurance to the public that the notary will perform their duties faithfully and in accordance with law. If the notary fails to do so, the bond offers a recourse for those harmed; however, the surety's obligation is explicitly stated and capped at the total penalties specified in the bond, as opposed to being unlimited or contingent upon the number of claims made.