December 31, 2020 was the dawn of a new day for notaries in Colorado. Colorado General Assembly but into law, SB20-096 Remote Notaries Protect Privacy. The bill can be read in entirety.
The Bill requires notaries to have an active commission, to take a course that can be taken online and pass an exam. After which, notarized paperwork needs to be uploaded to the Secretary of States notary portal and a service vendor selected.
As of the date of this post, there are 3 vendor providers for notaries to select from to provide the online services, record and save the transactions. For more information, visit the Colorado Secretary of States.
I am starting with this because I know some don’t like to read and others are really busy. https://coversmart.org/topnotaries (for OR, CA, ID, CO, AZ). Call 877-203-8576 for all other expect WA, AK, WV, HI, MT, VT and LA; where they do not cover.
Now please read the rest. Find out why I chose this company.
Repeatedly, new notaries hit the social media pages asking what insurance other notaries’ have and at what dollar coverage limits. This question is understandable as it is a big decision. Many new notaries are starting their first entrepreneurial venture, and like most, start-up and overhead cost are a consideration. There is one consideration that should not be short sided. That is INSURANCE. It is typical for new notaries to first join the National Notary Association. The NNA markets their membership, a directory listing, training courses, books and insurance. The majority of their products are comprehensive, yet after, I purchased their insurance offer, I discovered it is deficient for my needs. Having read the actual policy, I learned that the insurance offered through NNA from Merchants Bonding Group only provides coverage for Errors and Omission when doing Notarial Acts. What does this mean you may ask? If a notary performs duties at a Notary Signing Agent, also known as a Loan Signing Agent, they would not have E & O coverage while performing in that capacity.