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Lexington-Fayette UCG Precious Metal Dealer Bond

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Coverage Amount: $30,000
Term Length: 1 year
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Lexington-Fayette UCG Precious Metal Dealer Bond Guide

If you’re applying for a precious metal dealer license in Lexington-Fayette UCG, you’ll need this surety bond. 

Bond Overview

  • Purpose: To provide financial recourse for any customers harmed by a fraudulent dealer
  • Who Needs It: All precious metals dealers
  • Regulating Body: The Lexington-Fayette Urban County Government
  • Required Coverage: $30,000
  • Premium Rate: $300–$3,000, credit-based

Learn all about the bond requirements and process in this guide.

What Is a Lexington-Fayette UCG Precious Metal Dealer Bond?

A Lexington-Fayette UCG precious metal dealer bond is a type of surety bond that ensures dealers conduct business ethically and lawfully to protect the public from financial harm. 

The Lexington-Fayette Urban County Government requires this bond as part of the licensing process for all local precious metal dealers. 

How Much Do Precious Metal Dealer Bonds Cost?

Lexington-Fayette UCG precious metal dealer bonds cost a small percentage of the $30,000 bond amount, typically $300–$3,000.


Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$30,000Lexington-Fayette UCG Precious Metal Dealer Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Lexington-Fayette UCG precious metal dealer bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll email you the bond shortly after purchase. Be sure to file the bond with the county as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Lexington-Fayette UCG Precious Metal Dealer Bond Work? 

As with all surety bonds, a precious metal dealer bond creates a legal contract between three parties: 

  1. Principal: You, the precious metal dealer filing the bond
  2. Obligee: The Lexington-Fayette Urban County Government requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of the Code of Ordinances Article 3 Sec. 13-66. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your precious metal dealer bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date.

After renewing, you’ll receive a continuation certificate to file as proof of ongoing coverage. 

More Resources

Call 1 (800) 308-4358 to talk with a Surety Expert

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