Township of Lakewood Peddler License Bond Guide
If you’re applying for a peddler license in Lakewood, New Jersey, you’ll need this surety bond.
Bond Overview
- Purpose: To hold peddlers accountable for operating honestly and legally
- Who Needs It: All peddlers working in Lakewood, NJ
- Regulating Body: The Township of Lakewood
- Required Coverage: $1,000
- Premium Rate: $100 for a 1-year term
Learn all about the bond requirements and process in this guide.
What Is a Township of Lakewood Peddler License Bond?
In Lakewood, New Jersey, peddler license bonds protect the public from unlawful business practices and solicitations.
The Township of Lakewood requires this bond as part of the license approval process for all peddlers. It allows for financial recourse if a peddler breaks license regulations or causes other damages.
How Much Do Peddler License Bonds Cost?
A $1,000 Township of Lakewood peddler license bond costs a flat rate of $100 for a 1-year term. Or, you can save 25% by selecting a multi-year term.
Click below to buy your bond in minutes!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your Township of Lakewood peddler license bond instantly online. Just enter your information and checkout in minutes.
We’ll email you the bond shortly after purchase. Be sure to file the bond with the city as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Lakewood Township Peddler License Bond Work?
As with all surety bonds, a peddler license bond creates a legal contract between three parties:
- Principal: You, the peddler filing the bond
- Obligee: The Lakewood Township requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding all applicable municipal ordinances and regulations.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your peddler license bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.