NJ 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. Any credit screen is a soft pull only — it never affects your score.

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Required to hold an NJ student loan servicer license under N.J.S.A. 17:16ZZ-6

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Fixed price, fixed amount — $30,000 bond, $180 flat, no quote process

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Filed through NMLS — multi-year terms available so the filing never lapses

A-ratedA.M. Best carriersInstantissuance at checkout$180 flatsame price at checkout

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How it works

Three steps. One sitting.

The student loan servicer bond is a fixed-amount filing with no quote round-trip. Here is the entire process:

NOW · ONLINE

Apply online

Company details, an effective date, and a term. That is the entire application — and any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

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.

SAME DAY

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.

About this bond

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.

N.J.S.A. 17:16ZZ-6New Jersey's Student Loan Servicing Act provides that a student loan servicer shall keep on file with the commissioner a surety bond obtained from a surety company authorized to transact business in this State in an amount of not less than $30,000. The commissioner shall by regulation provide who is eligible to receive the protection afforded by the bond and may increase the required bond amount if he determines it to be necessary. When an action is commenced on the bond the commissioner may require the filing of a new bond, and immediately on recovery of any action on the bond the student loan servicer shall file a new bond.

You need this bond if you're

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Applying for an NJ student loan servicer license through NMLS

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Servicing student loans held by New Jersey residents regardless of where you are located

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Renewing a license where the Commissioner has the bond on file

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Filing a new bond after a recovery, as the statute requires

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 →

FAQ

Common questions.

How much is the New Jersey student loan servicer bond?The premium is $180 flat — set by our carrier's rate book for this bond, the same for every servicer. The $30,000 bond amount comes from N.J.S.A. 17:16ZZ-6, so there is no quote process, and the price you see is the checkout price.

Do I pay the $30,000?No. You pay $180. The $30,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

Can the Commissioner require more than $30,000?Yes. The statute sets $30,000 as a floor and lets the Commissioner increase the required amount by regulation if he determines it necessary. If your license record shows a higher figure, tell us and we will write it.

Is there a credit check?If a credit screen runs on this bond, it is a soft pull only — never a hard inquiry, and it never affects your score. The price stays $180 flat either way.

Where do I file it?Electronically through NMLS, so it is on file with the Commissioner of Banking and Insurance on your New Jersey student loan servicer license record.

Related bonds

Other New Jersey bonds.

File your student loan servicer bond today.

$180 flat, issued the moment you pay, soft pull only. Free until issued.

Start application

Your price$180

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