New Jersey resident trust fund bonds.
From $100.
When a New Jersey long-term care facility holds residents’ personal funds in trust, the Department of Health requires it to safeguard that money — a surety bond is the common way to do it under N.J.A.C. 8:39-9.5. Pricing starts from $100 and no credit check up to $250,000; enter the amount that covers the funds you hold.
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How much does a New Jersey resident trust fund bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard resident trust fund bond — enter your amount, pay, and you have the executed bond. Here is the whole thing:
Apply online
Your facility details, the bond amount that covers your trust balances, and the effective date — that is the application.
Issued on the spot
No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.
File with your facility records
Hold the executed bond as evidence that residents’ funds are protected, ready for a Department of Health survey. Wet-ink originals mailed on request.
What it is and who needs it.
What the resident trust fund bond actually covers
A New Jersey long-term care facility that manages residents’ personal funds must handle that money as a fiduciary. The Department of Health’s standards at N.J.A.C. 8:39-9.5 require the facility to protect resident funds it holds in trust — a surety bond is the common mechanism, payable to the people of New Jersey for the benefit of residents.
It is a three-party arrangement: the facility (the principal), the surety carrier, and the State together with residents (the protected parties). If the facility misappropriates or fails to account for residents’ trust money, a harmed resident can recover against the bond — and if the surety pays, the facility repays the surety.
The amount should cover the resident funds you hold. There is no single statewide figure; facilities size the bond to their trust balances. Enter that amount and your price — from $100 — appears at the application, which collects no credit check up to $250,000.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with your facility records. Hold the executed bond as evidence that residents’ funds are protected, ready for a Department of Health survey. Wet-ink originals mailed on request.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with your required bond amount — the executed bond is generated instantly, ready to hold in your facility records.
Start the application →Common questions.
Other New Jersey bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Resident trust fund bond, issued today.
From $100. Enter the amount that covers your trust balances and hold it the same day.