There are 95,000 notaries in Indiana who sign documents and give oaths. A new law will update the regulations that govern their work.
Applicants to become notaries will have to post a bond of $25,000. These bonds protect them when they sign documents improperly and shield their clients from the effects of fraud.
The current bond amount of $5,000 is often not enough to cover settlements against notaries.
The new law also raises the fees notaries are allowed to charge per signature from two to ten dollars.