(844) 589-9732

New York - New York City Secondhand Dealer Bond

April 1, 2020

AmeriPro Surety Bonds offers you the $1000 New York City secondhand dealer bond. There is no credit check pre-qualifying and the premium is $100 annually. Please call us at 844-589-9732.

New York

New York City Secondhand Dealer Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Licensing of Secondhand Dealers;

Purpose of the Surety Bond Requirement

 

 

 

New York secondhand dealers are described as persons or businesses who buy and sell used items, with the exception of cars.

The city’s Department of Consumer Affairs requires such dealers to obtain a $1000 surety bond as a prerequisite to licensing.

The purpose of your surety bond requirement is to serve as a financial guarantee that you’ll comply with all NYC rules and regulations involved in your professional conduct; and that, moreover, you’ll hold the city harmless for the failure to comply with those rules, which in turn causes harm to the city or its citizens.

 

 

 

Qualifying and the Premium

 

 

 

You and your company are both automatically approved for the $1000 New York City secondhand dealer bond. There is no credit check nor underwriter review, and the premium is $100 annually.

Obtaining your surety bond is easy.

When you call us, we’ll just ask for the name that should appear on your bond. The name should exactly match any other paperwork that you’ll be filing with the city.

After payment of the $100 premium, we’ll issue the bond to you immediately. Included with your surety bond will be the following: A document notarized by us as Surety (you’ll notarize your bond as Principal); a Power of Attorney form; and a financial statement from the Surety.

All documents received will be filed by you to:

City of New York

Department of Consumer Affairs

42 Broadway, 5th Floor

New York, NY 10004

 

 

 

Premium Prepayment Options

 

 

 

Your NYC secondhand dealer bond may be prepaid for 3 years. Prepayment of the premium offers you a savings over annual renewals, in addition to lengthening the renewal times.

The premium prepayment option and savings are as follows:

  • If prepaid for 2 years, the premium is $180, a $20 savings;
  • If prepaid for 3 years, the premium is $260, a $40 savings.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, probate, court, and other surety bonds in New York and all 50 states.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you...

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