The New York City process server bond is a $10,000 surety bond required of process servers who meet certain parameters.
The New York City Department of Consumer Affairs is the entity requiring this surety bond, and the bond is made payable to the Department.
If you act as a process server in New York City 5 times or more within a one year period, you are required to be licensed by Department of Consumer Affairs and obtain a the surety bond as a condition of licensing.
Attorneys are exempted by the same statute.
The purpose of the process server bond is to protect members of the public. The bond is made payable to the Department on behalf of the public.
The New York City process server bond is a financial guarantee that process servers will abide by all laws, rules, and statutes in their professional conduct.
The bond, moreover, gives any person who can provide evidence of harm committed by a licensed process server the right to file a claim against the surety bond up to the bond’s aggregate total of $10,000.
Were a claim to be filed, accepted and paid by a surety, it would be the legal responsibility of the principal (the purchaser and owner of the process server bond) to reimburse the surety for all costs involved.
Obtaining a New York process server bond is easy and is low cost.
The bond is obtained by completing an application---which can be taken over the phone and takes about 5 minutes or less.
Depending on information provided on the application, the bond’s price may be as low as $100, a year.
The NYC Department of Consumer Affairs issues process server licenses for a term of two years, and requires that the bond be active concurrent with the license.
The price paid for the surety bond reflects the bond’s two year duration.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, contractor, court, and fiduciary bonds throughout New York City and New York.
Our agency all services customers nationwide.
Our goal is to make the process easy, quick, friendly, and accurate.