California Notary License Practice Exam

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Get ready for the California Notary License Exam. Study with flashcards and multiple choice questions, complete with helpful hints and explanations. Ace your exam with confidence!

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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.