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Second hand dealer bond cost

Surety Bonds offers New York City second hand dealer bonds for just $100! Because this bond is not subject to underwriting, everyone qualifies and can become a bonded in a matter of minutes. No one is turned away! The required bond amount that needs to be posted is $1,000.

Why this bond

Being bonded means protecting people from any unjust business practices or fraud conducted by secondhand goods dealers specifically in New York City. This bond type assures that if consumers are wronged, they have a safeguard from unprofessional acts of business and can be compensated for any potential losses they may face. By posting this bond, the principal (second hand dealer) promises to obey all applicable rules, regulations and ordinances of the New York City.

Second hand dealer bond details

This bond will run continuously in full force and effect unless otherwise canceled by the surety or the principal. If the principal does not remain in compliance with the approved rules and regulations, the state’s obligation to the principal will become void. This bond must expire on July 31 of all odd years.

Become a secondhand dealer

It is against the law to conduct business as a second hand dealer of goods in New York City, New York without first obtaining the proper license. Businesses exempt from this requirement include:

  • used clothing stores
  • garage sales
  • used boat dealers
  • not-for-profit organizations

The following documentations and other relevant components must be submitted at the time of application:

  • basic license application
  • sales tax identification number or certification of authority application confirmation number
  • a copy of the principal’s second hand dealer compliance bond posted in the amount of $1,000
  • child support certification form
  • full set of fingerprints
  • mandatory processing fee
  • mandatory licensing fee

Ready to get started?

Get a FREE Second Hand Dealer Bond Quote Today! Click here to begin

 

Additional information