New Jersey ticket agents are regulated by the state’s Division of Consumer Affairs, Department of Law and Public Safety.
In addition to other licensing requirements, including a fee, which is as of this writing $500, ticket agents are also required to furnish the Director with evidence of a surety bond.
AmeriPro Surety Bonds offers you this surety bond for your compliance as both a new and renewal surety bond.
The New Jersey ticket agent bond (or New Jersey ticket broker bond) is a $10,000 surety bond required of ticket agents operating in the state.
This surety bond is a financial guarantee for the people of New Jersey that a ticket agent will be in compliance with all legal statutes governing this profession.
The bond, therefore, protects against acts of fraud, theft, extortion, misrepresentation, and other forms of criminal malfeasance by a licensed ticket agent. The protections afforded by means of this bond will also extend to the wrongful acts committed by employees, agents, and managers of a ticket agent company or entity.
As principal of this surety bond, you ultimately shoulder the responsibility to reimburse the surety for any claims (if such were ever the case) paid against your surety bond.
Applicants for the New Jersey ticket agent bond will complete a standard short surety bond application (this can be done over the phone with an agent).
The premium for this bond will typically be around 1%-3%, and the factors which determine the bond’s cost include information provided on the surety bond application. A credit score may or may not also be required.
Once issued, the bond is active for a period of one year from the date of its issuance.
AmeriPro Surety Bonds is a surety bonds-only agency providing license and permit, contractor, court and fiduciary surety bonds throughout New Jersey.
Our agency also provides surety bonds nationwide.
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