The New Hampshire debt adjuster surety bond is offered as an instant issue bond for the $25,000 surety amount. For the $100,000 amount, on approval of your credit at 1.5%. Please call AmeriPro Surety Bonds: 844-589-9732.
New Hampshire Debt Adjuster Surety Bond
AmeriPro Surety Bonds | 844-589-9732
New Hampshire Debt Adjuster – License and Bond
Debt adjusters in New Hampshire are licensed and regulated by the state’s Banking Department.
As part of the licensing process, a surety bond is required in one of two amounts:
- A $25,000 surety bond for businesses which perform debt adjusting alone;
- A $100,000 surety bond for those whose debt adjuster business also includes the transmission of money.
Qualifying and the Premium
$25,000 Amount
Meeting the qualifications for the $25,000 New Hampshire debt adjuster bond is the easier of the two amounts. You are automatically approved for the $25,000 surety bond amount as there is no credit check nor review by an underwriter.
After completing a very short surety bond application – which we’ll take from you over the phone — and payment of the $375 annual premium, the $25,000 surety bond amount is issued to you immediately.
$100,000 Amount
Being approved for the $100,000 NH debt adjuster surety bond involves completion of an application — but one which you will also need to sign and have “witnessed”. There is the additional step of a review by an underwriter.
As part of the underwriting process, there is also a credit review. Good credit is required and approval is at 1.5%, $1500 premium.
In both cases, once the premium has been paid, the bond is issued to you immediately. Your surety bond, along with the Power of Attorney form are sent to you for filing. Upon receipt, you’ll sign your bond as Principal and file to the state’s Department of Banking.
Premium Prepayment Options
For both surety bond amounts, prepayment of the premium options are offered. Prepayment of the premium allows you a savings over annual renewals, besides also lengthening the time between renewals.
The premium prepayment options are as follows:
$25,000 amount:
- If prepaid for 2 years, the premium is $675, a $75 savings;
- If prepaid for 3 years, the premium is $975, a $150 savings.
$100,000 amount:
- If prepaid for 2 years, the premium is $2700, a $300 savings;
- If prepaid for 3 years, the premium is $3900, a $600 savings.
Purpose of Your Surety Bond
The purpose of this surety bond requirement, for both amounts, is a financial guarantee which ensures your compliance with the New Hampshire Revised Statutes Annotated, 399-D, and any future amendments.
About Us
AmeriPro Surety Bonds is a surety bonds-only agency. We provide debt adjuster surety bonds nationwide where required.
Our agency also provides license and permit surety bonds in all 50 states.
Please call our agency today at:
844-589-9732
Or, you may fill out the form below and an agent will contact you…
