How much does a collection agency bond cost in New Jersey?
Collection agencies in New Jersey must post a $5,000 surety bond before they can legally conduct business. The cost of collection agency bonds is $100 and they are almost always issued instantly.
|Bond Type||Bond Amount||Cost*|
|$5,000 Collection Agency Bond||$5,000||Starts at $100||Apply Now|
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Why do I need this bond?
New Jersey collection agency bonds ensure that principals (collection agencies) provide all of the money collected to its rightful owners and don’t take a larger percentage of the collected amount for their services than is stated in their contract. Simply put, collection agency bonds ensure that collection agencies and their employees act ethically and lawfully while performing all professional duties.
You’ll pay just $100 for a New Jersey collection agency bond when you work with SuretyBonds.com. We can get you bonded instantly - no credit check required! Get bonded now!
What’s the fine print?
New Jersey debt collection agency bonds are required by the New Jersey Secretary of State. This specific bond remains valid for one year from the date of issuance and must be renewed annually.
How to become a collection agency in New Jersey
The following documents must be attached to the collection agency application:
- $25 filing fee
- $5,000 surety bond
- acknowledgment of principal document
- authorized financial statement
- executed power of attorney form
We can answer all of your collection agency license questions and get you bonded instantly for just $100. Get bonded now!
Collection Agency Bonds Nationwide
Many collection agencies operate in multiple states, meaning they may be required to have multiple surety bonds. Get more information about other states’ collection agency bond requirements by selecting a state on the map below.
Or, choose your state from the list below:
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- Washington D.C.
- West Virginia