California Notary License Practice Exam

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Prepare for the California Notary License Exam with comprehensive quizzes and study materials. Test your knowledge with multiple choice questions, each accompanied by hints and detailed explanations to help you understand not just the answers, but the concepts behind them. Ace your exam!

Practice this question and more.

If a judgement is lodged against a Notary for $22,000 and the bonding company pays $15,000 to the client, the notary is liable for:

$7,000
$15,000
$22,000
Nothing

The correct answer is: $22,000

In this case, if the judgement against the notary is $22,000 and the bonding company (surety) pays out $15,000 to the client, the notary is responsible for the remaining balance of $7,000. This is because the surety company's payment does not eliminate the liability for the notary, it simply covers a portion of it. Therefore, the notary is still liable for the outstanding amount. Option A is incorrect because the notary's liability is not reduced to $7,000, it remains at the full amount. Option B is incorrect because the notary is not fully released from liability just because the surety company paid $15,000. Option D is incorrect because the notary is still responsible for the remaining balance even though the surety company made a payment.