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A notary bond is a surety bond that protects the public against any wrongdoing on the part of a notary. The notary bond will compensate an individual harmed as a result of errors or mistakes performed by an Oklahoma notary.
For applicants with good credit, surety bonds usually cost between 1% and 5% of their value. Therefore, for a surety bond of $5,000, an applicant with a strong credit history can expect to pay between $50 and $250.
Surety Bond Cost Table Surety Bond AmountYearly Premium Excellent Credit (675 and above)Average Credit (600-675) $15,000 Surety Bond $150 - $450 $450 - $750 $20,000 Surety Bond $200 - $600 $600 - $1,000 $25,000 Surety Bond $250 - $750 $750 - $1,2509 more rows
In simple terms, the cost of a $10,000 notary bond typically ranges between $38 $50 for most commission periods, varying by state and without the need for a credit check.
How Much Does an Oklahoma Surety Bond Cost? The cost of an Oklahoma surety bond varies by trade and the required bond amount, and it ranges from $100 to $10,000. A licensed mortgage broker, for example, must have a $100,000 surety bond. A credit services organization needs a $10,000 bond.
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The cost of a surety bond is calculated as a small percentage of the total bond coverage amount typically 0.510%. This means a $10,000 bond policy may cost between $50 and $1,000. For applicants with strong credit, most bond rates are 0.54% of the bond amount.
Bond requirements vary by state, but to give you an idea of how much you will pay for your bond premium, a $5,000 Notary Bond generally costs $35 - $55 annually (including possible processing fees). You do not pay the full $5,000 bond amount. Instead, you pay a small flat rate to get bonded.
How Much Does an Oklahoma Surety Bond Cost? Surety Bond Cost Based on Credit Score Surety Bond NameSurety Bond AmountOver 700 Oklahoma Contractor Bond $5,000 $100 - $150 Oklahoma Mortgage Broker Bond $100,000 $1,000 - $3,000 Oklahoma Public Adjuster Bond $25,000 $250 - $7503 more rows

notarial bond to the state of oklahoma