Depository Liability
A public official is liable for public funds which he/she deposits in a bank and cannot pay over because of insolvency or failure of the bank. In many states, statutes provide for the designation of depositories for public funds and for the furnishing of collateral security by such depositories. Such laws, if interpreted strictly, usually exempt the public official and his/her surety from liability for loss through failure of any of the designated and qualified depositories.
Surety Bond Resources
A mortgage notary plays a vital role in real estate transactions, ensuring the legitimacy of documents and protecting all parties...
When becoming a notary public in Texas, securing a surety bond is a crucial step to protect yourself and your...
A real estate notary plays a vital role in ensuring the legality and authenticity of real estate transactions. In Texas,...
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