New Jersey Foreclosure Consultant Bonds

A Foreclosure Consultant Bond must be filed with the New Jersey Commissioner of Banking and Insurance by those seeking to obtain a license in New Jersey under the Foreclosure Rescue Fraud Prevention Act (N.J.S.A. 46:10B-53 et seq.). The surety bond guarantees that the licensee will comply with and abide by the provisions of the Act and all rules and regulations established by the state. The Foreclosure Consultant Bond also ensures ethical and honest business conduct and protects against wrongful acts, defaults, omissions, fraud or misrepresentation in the Foreclosure Consultant business in New Jersey by virtue of the provisions of N.J.S.A. 46:10B-53 et seq.