Debt Adjustment Bond
Any nonprofit social service agency or nonprofit consumer credit counseling agency seeking to be licensed as a debt adjuster in New Jersey. Required when: Application for a license to engage in the business of debt adjustment or credit counseling. Exemptions: Attorneys-at-law of New Jersey not principally engaged as d…
Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.
Amounts can vary
Selected requirement: "$50,000 for the principal office and an additional $25,000 for each branch off…. Other available requirements: "$50,000 for the principal office and an additional $25,000 for each branch office doing business in New Jersey.". Exact options still depend on the obligee, state, and underwriting.
