What is the typical bond duration?

• A. 2 years
• B. 3 years
• C. 4 years — the expiration date must be one day less than 4 years after the effective date.
• D. 5 years

Answer: (C)

Arizona notary bonds are issued to cover the notary for a four-year term. The expiration date is set to be one day before the four-year anniversary from the effective date so the bond stays in effect for the entire term and aligns with the renewal cycle. For example, if the effective date is May 15, 2024, the bond would expire May 14, 2028. This arrangement ensures continuous coverage without a lapse at the exact four-year mark, which wouldn’t fit the standard appointment cycle. Durations of 2, 3, or 5 years don’t match the typical four-year term.