How much does a consumer goods dealer bond cost in Washington, D.C.?
The Department of Consumer and Regulatory Affairs requires that consumer goods dealers in the District of Columbia post a surety bond. The required bond amount for consumer good repairers is $2,000 unless the dealer employs more than 5 repairmen, which makes the required bond amount $5,000.
Pricing is determined based on a review of the applicant’s personal credit report. The department requires that these bonds be issued for 2-year terms, so keep in mind that your premium funds 2 years of coverage. Premiums for the 2-year term start at just $175 for qualified applicants. Request your free bond quote now!
To get bonded quickly, easily and accurately, call 1 (800) 308-4358, or click here to apply online.
Why do I need this bond?
By posting a consumer goods dealer bond, principals (consumer goods dealers) pledge to conduct business according to Consumer Goods Repair Regulation, No. 74-3 of the District of Columbia. Violations of these terms include:
- making or authorizing any oral or written statement that is misleading or untrue
- making advertisements that fail to conform to the requirements
- failing to give customers a copy of their final bill
- partaking in conduct that constitutes gross negligence
- making false promises to influence or persuade customers
- and more
If principals fail to conduct business according to the statutes outlined on the bond form, harmed individuals can make a claim on the bond to recover reparations. If the claim is valid, the surety will cover damages up to the full bond amount. The principal is then required to reimburse the surety for all claims paid out.
For more information about this bond, contact a surety expert online now!
What’s the fine print?
Consumer goods dealer bonds in Washington, D.C, remain in full force and effect through the license period and end no more than 2 years from the effective date stated on the bond form. The surety can cancel this bond by providing 30 days’ written notice of cancellation to the principal and to the Department of Consumer and Regulatory Affairs.
How to become a consumer goods dealer in Washington DC
Prior to repairing vehicles, auto repairers must be licensed by the District. All basic business license applications for auto repair must be accompanied by:
- $70 application fee
- $406 category license fee
- $25 endorsement fee
- 10% technology fee of $50.10
- corporate registration
- Clean Hands Self-Certification
- tax number
- Certificate of Occupancy
- written estimate
- surety bond in the proper amount
- and more
Applications can be mailed, turned in in-person or submitted online to the Business License Center.
Licenses remain valid for 2 years.
We can provide you with a free quote on a D.C. consumer goods dealer bond within 1 business day of applying. Take the first step toward becoming licensed by requesting your bond today!
Ready to get started?