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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.
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 |
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