New Hampshire Debt Adjuster Bond Guide
If you’re applying for a debt adjuster license in New Hampshire, you’ll need this surety bond. Continue reading to learn all about the debt adjuster bonding process.
Bond Overview
- Purpose: To hold adjusters financially liable for following state laws and regulations
- Who Needs It: All licensed debt adjusters in New Hampshire
- Regulating Body: The New Hampshire Banking Department
- Required Coverage: $25,000; $100,000 if also engaged in money transmission
- Premium Rate: Credit-based, 1–10% of the bond amount
What Is a New Hampshire Debt Adjuster Bond?
The New Hampshire Banking Department requires a debt adjuster bond for all licensed adjusters in the state.
This type of surety bond protects the state and debt adjuster clients from financial harm if an adjuster breaks industry laws or regulations.
How Much Do Debt Adjuster Bonds Cost in New Hampshire?
The $25,000 bond required for most New Hampshire debt adjusters typically costs around $375. However, exact pricing varies between 1% to 10% of the bond amount.
You may be eligible for premium financing to decrease the upfront cost. Apply for your free, no-obligation quote now.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Debt Adjuster Bond?
All debt adjusters need a surety bond to be licensed in New Hampshire. Regular licensees need a $25,000 bond while adjusters that also conduct money transmissions need a $100,000 bond policy.
The surety bond enforces adherence to New Hampshire Revised Statutes RSA 399-D.
How Does a New Hampshire Debt Adjuster Bond Work?
A New Hampshire debt adjustment bond creates a contract between three parties:
- Principal: The debt adjuster filing the bond
- Obligee: The New Hampshire Banking Department requiring the bond
- Surety: The provider issuing the bond
This contract is also a financial guarantee. As the principal, you are responsible for upholding your obligations to the Banking Department.
If you cause harm to the state or the public, you become responsible for bond claims up to the full bond amount.
How Do I Get a Debt Adjuster Bond in New Hampshire?
With SuretyBonds.com, getting a debt adjuster bond is a quick and easy process. Just follow these three steps:
- Apply: Submit an online quote request
- Sign: Complete the indemnity agreement
- Purchase: Buy using our secure, online checkout
That’s it! We’ll upload the bond directly to the NMLS on your behalf.
How Fast Can I Get My Bond?
We issue most bonds same-day when purchased before 4 PM CST. Apply now to get a no-obligation quote within one business day or less.
How Do I Renew My Debt Adjuster Bond?
These bonds require annual renewal. We’ll send you a renewal invoice in advance. Simply pay the annual premium to extend your bond for another term.
How to Become a Debt Adjuster in New Hampshire
To apply for a debt adjuster license from the New Hampshire Division of Banking, follow these steps:
- Ensure you meet the positive net worth requirements
- File a $25,000 surety bond
- Pay the $500 license fee
- Apply online through the NMLS and attach all supporting documents
Find more licensing resources linked below.
