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New Jersey Money Transmitter Bond

New Jersey Money Transmitter Bond

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Who Requires the Money Transmitter Bond and Why Is It Needed?

The Commissioner of Banking and Insurance of New Jersey required that Money Transmitters furnish a surety bond when applying for or renewing a license under The New Jersey Money Transmitters Act (N.J.S.A. 17:15C-1 et seq.). The surety bond provides a limited guarantee to the state of New Jersey that the licensee will abide by the provisions of N.J.S.A. 17:15-1C et. seq., all applicable rules and regulations, commit no wrongful acts, defaults, omission, fraud or misrepresentation and perform all obligations honestly, fairly, equitably and efficiently when conducting Money Transmitter or Foreign Money Transmitter business in New Jersey pursuant to the provisions of N.J.S.A. 17:15-1C et. seq. This surety bond runs continuously until canceled by the surety company with thirty days advance written notice to the Commissioner of Banking and Insurance of New Jersey.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your New Jersey Money Transmitter Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.




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