(1) A notarial commission is not effective until:(a) the notary named in the commission takes a constitutional oath of office and files a $5,000 bond with the lieutenant governor that: (i) a licensed surety executes for a term of four years beginning on the commission's effective date and ending on the commission's expiration date; and(ii) conditions payment of bond funds to any person upon the notary's misconduct while acting in the scope of the notary's commission; and(b) the lieutenant governor approves the oath and bond described in Subsection (1)(a).(2) In addition to the requirements described in Subsection (1), a remote notary certification described in Section 46-1-3.5 is not effective until: (a) the notary named in the remote notary certification files with the lieutenant governor evidence that the notary has obtained $5,000 of bond coverage, in addition to the bond coverage described in Subsection (1)(a), that: (i) a licensed surety executes for a term that begins on the certification's effective date and ends on the remote notary's commission's expiration date; and(ii) conditions payment of bond funds to any person upon the remote notary's misconduct while acting in the scope of the remote notary's commission; and(b) the lieutenant governor approves the additional bond coverage described in Subsection (2)(a).Amended by Chapter 192, 2019 General Session ,§ 6, eff. 11/1/2019.Amended by Chapter 259, 2017 General Session ,§ 3, eff. 5/9/2017.Amended by Chapter 136, 2003 General Session.