New Jersey — Collection Agency Bond
New Jersey requires an annual collection agency bond filing backed by $5,000 security. Arrange the business registration and complete State filing, not just the bond purchase. The Division sends the bond registration after Attorney General review.
Continue to our secure checkout partner, Propeller (opens in a new tab).
- Recorded state
- New Jersey
- Category
- Financial services
What this bond does
The published bond requires the agency, on written demand, to turn over collection proceeds according to the agreement under which it received the account. It also requires faithful observance of laws relating to the collection business covered by the act.
- Who needs it
- Collection agencies, bureaus and offices, and businesses collecting or receiving payment for others on accounts, bills or other indebtedness within the statutory scope. Use the actual corporate, trade-name or individual principal and complete the applicable New Jersey business registration before filing.
- Who it protects
- The bond is to New Jersey for the use of a party aggrieved within the act's meaning. The published model binds principal and surety jointly and severally for the specified proceeds-turnover and business-law conditions. It is broader than merely recording that the agency has purchased a bond.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- New Jersey Division of Revenue collection agency bond filing (opens in a new tab)Checked October 27, 2026
- New Jersey published collection agency bond application and instructions (opens in a new tab)Checked October 27, 2026
Have these ready
- Complete the applicable New Jersey business registration, including any required out-of-state entity filing.
- Choose the corporate or individual/trade-name principal acknowledgment.
- Coordinate the necessary signatories, witnesses, seals and acknowledgment before submission.
- Obtain the surety financial statement and executed attorney-in-fact power of attorney.
- Keep the bond date and annual filing schedule separate from the action period after expiration.
Questions about this bond
Does paying online register the New Jersey bond?
No. The Division requires the completed State filing with the supporting documents. After Attorney General review, the bond registration is mailed to the applicant.
Whose financial statement goes with the filing?
The published instructions call for the surety's current, complete and authorized financial statement, no more than a year old. Arrange that document with the issuing surety rather than substituting the agency's own statement.
Is the bond's two-year action limit its purchasing term?
No. The statutory text in the State packet sets a one-year term from the bond's date and annual renewal. It separately says an action on the bond must begin within two years after expiration.