Office of Procurement

Surety Bond Insurance for Notaries Public, 00-2072

University of Wisconsin System - Office of Procurement
780 Regent Street, Rm. 145
Madison, Wisconsin 53715

COMMODITY OR SERVICE:

Surety Bond Insurance for Notaries Public for the University of Wisconsin - Systemwide

CONTRACT NO.: 00-2072

NIGP CODE: 946-67

DESCRIPTION:

This contract is for the purchase of bond insurance which notaries public are required to have. It also will cover the process of becoming a notary public or renewing a notary public commission.

BACKGROUND:

A notary public must be a Wisconsin resident, 18 years or older, be familiar with the duties and responsibilities of a Notary, and not have an arrest or conviction record which is unacceptable under Wis. Stats. 111.335.

In order to complete a notary application, you must first obtain a notary seal or rubber stamp. The seal or stamp must state "Notary Public", "State of Wisconsin", and the name of the notary. You may use the initials or a shortened first name if you wish, but you must use your current last name in full. You must also always sign your name exactly as set forth on your notary seal or stamp.

A $500.00 surety bond is required for all applicants applying for a notary public commission. This bond is an insurance agreement making the surety legally liable for up to $500 in damages for failure of the notary applicant to discharge his/her duties. Any damages beyond this amount are the responsibility of the notary. This bond cannot be cancelled and will expire in four years with the notary commission.

CONTRACT TERM: April 1, 2000 - Until Amended

VENDORS:

Notary Bond Renewal Service
P.O. Box 698
Neenah, WI 54957-0698
920/ 722-1331

FEIN NO.: 39 1018736

PRICING:

Each bond costs $25.00. There is also a $20.00 filing fee. Notary Bond Renewal Service will handle the entire transaction directly with the Secretary of State.

CONTACT THE OFFICE OF PROCUREMENT FOR THE FOLLOWING:

1) Risk Management Policy & Procedure, "Crime Risk Management"
2) Notary Public Application - Form available on Secretary of State's website
3) Notary Public Bond Instructions - Form available on Secretary of State's website
4) Notary Bond Renewal Service

CONTRACT ORIGIN: UW System Office of Procurement

For further information contact: Lori Taylor at 608/263-4380 or Email: ltaylor@uwsa.edu