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The New Jersey Driving School Bond is required by the State of New Jersey, Motor Vehicle Commission, in the amount of $10,000. The bond states that the bondholder shall not practice any fraud and shall not make any fraudulent representations which cause monetary loss to a person taking instruction from the school. The bond is one of the requirements for those who would like to establish a Driving School in the state.
How to get a New Jersey Driving School Bond
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the New Jersey Driving School Bond will be shipped to the bond applicant. The cost of the bond is usually $150.00.
1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003 and maintain an A+ rating by the Better Business Bureau.
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What are the requirements for a New Jersey Driving School License?
A completed application form must be submitted to the Motor Vehicle Commission. Aside from that and the $10,000 surety bond, the following requirements must also be met before a New Jersey Driving School license may be issued.
- All instructors and agents must be listed on the fingerprint request notification form
- Pay the initial license fee of $250
- The driving school must have a separate office location or a home office separated from the living quarters and have its own entrance
- It cannot be located or look like it is officially associated with MVC
- The business must not be conducted from a liquor store, bar, grocery store, restaurant, tent, temporary stand, temporary address or through exclusive facilities of a telephone answering service
- The business must have a qualified instructor who has been licensed for at least two years and has finished 500 hours of behind the wheel instruction aside from a three-credit college course
- Zoning approval
- Proof of worker’s compensation for all employees
- Provide samples of expense receipts, advertisements, statement of service and proposed service agreement for pre-approval by MVC
How to Get Your New Jersey Driving School Bond
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- Provide payment and your signed agreement, and then you will receive your Surety Bond!
If you have any questions, please call us at 877-654-2327.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.