New Jersey Driving School Bonds

A Surety Bond of Driving School is required by the State of New Jersey Motor Vehicle Commission for those holding or making application for a Driving School License in the state. The surety bond is typically required in a statutory amount, or coverage of $10,000 and the purpose of the bond is to guarantee the principal in its business of operating a Driving School does not practice fraud or fraudulent representation which causes monetary loss to a person taking instruction from the school.