What is the minimum bond amount required for a notarial commission on Guam?

The minimum bond amount required for a notarial commission on Guam is $1,000. This requirement is in place to provide a level of financial protection to individuals who may be affected by a notary's actions. The bond serves as a guarantee that the notary will act ethically and in accordance with the law while performing their duties. If the notary were to commit any wrongful acts that result in financial harm to another party, the bond can be used to cover losses up to the bond amount.

The requirement of a $1,000 bond strikes a balance between ensuring that there is sufficient coverage for potential claims while also being a manageable amount for notaries to obtain, as they are often working independently or on a small-scale basis. This helps to promote trust in the notarial process and provides a level of security for the public.