New Jersey Collection Agency Bond
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What Is a New Jersey Collection Agency Bond?
The New Jersey Division of Revenue requires all collection agencies in the state to file a $5,000 collection agency bond. This bond ensures collection agencies will conduct business according to New Jersey Revised Statutes.
How Much Do Collection Agency Bonds Cost?
You can buy a $5,000 New Jersey collection agency bond instantly online for $100. Or, you can save up to 25% by purchasing a 2-year term bond for $175 or a 3-year term bond for just $250.
Get your bond in minutes — no application or credit check needed!
How Does a New Jersey Collection Agency Bond Work?
By purchasing this bond, you enter a legally-binding contract between three parties:
- Obligee: The New Jersey Division of Revenue
- Principal: You, the collection agency
- Surety: The entity providing the bond
If a collection agency handles collected funds improperly, harmed parties can file a claim to recover financial damages up to $5,000.
How Do I Get a Collection Agency Bond in New Jersey?
To apply for and purchase your New Jersey collection agency bond, complete the following steps:
- Buy online through our secure payment portal
- Get your bond instantly by email
- File your bond with the Division of Revenue
When forwarding your bond application form to the Division of Revenue, be sure to include the $25 payment and all other attachments.
How to Get a Collection in Agency License in New Jersey
All collection agencies must file a $5,000 bond with the Division of Revenue to be licensed. To get your collection agency license in New Jersey, follow these basic steps:
- Pay the $25 filing fee
- Complete and submit the appropriate Acknowledgement of Principal document (corporation or individual)
- Complete and submit the bond application form with the sureties’ authorized financial statement attached
The bond application must be reviewed by the Attorney General’s office. Once approved, the bond registration will be mailed to you to then forward to the Division of Revenue.
New Jersey Division of Revenue
PO Box 452
Trenton, NJ 08646
(609)292-9292
For more detailed information, refer to the resources listed below.
More Resources
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