House Bill No. by Representative Taylor amends existing laws regarding the bond requirements for notaries public in Louisiana. The bill increases the bond amount that notaries must maintain from $10,000 to $25,000, while eliminating the option for notaries to maintain errors and omissions insurance as an alternative to posting a bond. Additionally, the bill modifies the filing process for notaries' bonds by removing the requirement for bonds to be submitted to and approved by the clerk of court in the parish where the notary operates. Instead, the bond will be filed directly with the secretary of state, and if the bond is secured by a surety company, it will not need to be recorded with the clerk of court.

Furthermore, the bill enacts new provisions that clarify the bond filing process and repeals existing law that required bonds to be submitted to the clerk of court. The new language specifies that if a bond is a special mortgage, it must be recorded in the mortgage office of the parish. Overall, the bill aims to streamline the bond requirements and filing process for notaries public, ensuring they maintain adequate financial responsibility while simplifying administrative procedures.

Statutes affected:
HB259 Original: 35:71(A)(1), 35:191(A)(3), 35:192(A), 35:201(A)(3), 35:391(6), 35:412(C)