What purpose does a notary bond serve in Nevada?

A notary bond serves as a financial safeguard for the public, meaning it protects individuals who may suffer losses due to the notary's improper actions or mistakes while performing notarial duties. Essentially, if a notary commits a wrongful act—such as fraud or negligence—that causes harm to a member of the public, the bond can be claimed against to provide compensation to the injured party. This mechanism helps maintain trust in the notarial process and ensures that notaries are held accountable for their actions.

In contrast, other options suggest purposes that do not accurately reflect the function of a notary bond. A notary bond does not guarantee the notary's income, serve as a personal insurance policy, or allow the notary to operate outside of Nevada. These misconceptions can lead to misunderstandings about the role of notary bonds and their importance in protecting the public interest.