46-1-4. Bond.
(1) A notarial commission is not effective until: the notary named in the commission takes a constitutional oath of office and files a $5,000 bond with the lieutenant governor that: a licensed surety executes for a term of four years beginning on the commission's effective date and ending on the commission's expiration date; and conditions payment of bond funds to any person upon the notary's misconduct while acting in the scope of the notary's commission; and the lieutenant governor approves the oath and bond described in Subsection. (1)(a)
(2) In addition to the requirements described in Subsection, a remote notary certification described in Sectionis not effective until: (1) 46-1-3.5 the notary named in the remote notary certification files with the lieutenant governor evidence that the notary has obtained $5,000 of bond coverage, in addition to the bond coverage described in Subsection, that: (1)(a) a licensed surety executes for a term that begins on the certification's effective date and ends on the remote notary's commission's expiration date; and conditions payment of bond funds to any person upon the remote notary's misconduct while acting in the scope of the remote notary's commission; and the lieutenant governor approves the additional bond coverage described in Subsection. (2)(a)