New Jersey student loan servicer bonds.
$180 flat.
New Jersey's Student Loan Servicing Act requires a licensed student loan servicer to keep on file with the Commissioner of Banking and Insurance a surety bond of not less than $30,000. Ours is $180 flat, the price you see is the checkout price, and the bond issues the moment you pay. No credit check.
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How much does a New Jersey student loan servicer bond cost?
$180 at the $30,000 amount, the same for every applicant.
Three steps. One sitting.
The student loan servicer bond is a fixed-amount filing with no quote round-trip. Here is the entire process:
Apply online
Company details, an effective date, and a term. That is the application. No credit check.
Pay & e-sign
This bond is checkout-priced at $180 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File it through NMLS
Your executed bond arrives by email, ready to submit with your New Jersey student loan servicer license record so it is on file with the Commissioner. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
New Jersey licenses student loan servicers under the Student Loan Servicing Act, P.L.2019, c.200 (N.J.S.A. 17:16ZZ-1 et seq.), administered by the Department of Banking and Insurance through NMLS. A servicer must keep on file with the Commissioner a surety bond, obtained from a surety authorized to transact business in this State, in an amount of not less than $30,000.
The Commissioner decides by regulation who is eligible for the protection the bond affords, and may increase the required amount if he determines it necessary. When an action is commenced on the bond the Commissioner may require a new bond, and immediately on any recovery the servicer must file one — the filing is meant to stay continuously in place.
It is not insurance for you — if the surety pays a claim, you repay the surety. The license is administered through NMLS and the bond is filed electronically on your license record; we track your term and send renewal notices 60 and 30 days out.
You need this bond if you're
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 $30,000 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; a longer term is the same price per year, chosen at checkout.
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 it through NMLS. Your executed bond arrives by email, ready to submit with your New Jersey student loan servicer license record so it is on file with the Commissioner. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $180 at the $30,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields — company details, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other New Jersey bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
File your student loan servicer bond today.
$180 flat, issued the moment you pay, no credit check. Free until issued.