FILE COLLECTION AGENCY BONDS
Anyone who is operating a collection agency or is in the business of collecting or receiving payment for others of any account, bill, or other indebtedness must annually file a Collection Agency Bond Application. The application will attest that a $5,000 bond has been filed with the State of New Jersey as required by statute.
***Please note: All business entities (including out-of-state businesses) must be on file with the State of New Jersey. The filling can be completed online. The "Public Records Filing for New Business Entity" form must be on file before the collection agency bond application is submitted.
When submitting the application, a finance statement from the surety company and an executed Power of Attorney form establishing the Attorney-in-Fact as the Surety's authorized legal representative must be attached. The fee for processing these documents is $25.00. Remember when filing, that two witnesses other than the principal are required for each signature.
Once the application is reviewed by the Attorney General's office, the registration of the bond will be mailed to you.
The application with all attachments and payment should be forwarded to:
NJ Division of Revenue
Collection Agency Bond Section
PO Box 453
Trenton, NJ 08646