(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).

(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

(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).

(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

(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).