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Michigan
City of Detroit Junk Dealer Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $5,000
Term Length: 1 year
Cost: $100
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City of Detroit Junk Dealer Bond Guide

If you’re applying for a junk dealer license in Detroit, Michigan, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To provide financial recourse for any customers harmed by a fraudulent junk dealer
  • Who Needs It: Secondhand dealers seeking a license in Detroit, MI
  • Regulating Body: The Detroit Consumer Affairs Department
  • Required Coverage: $5,000
  • Premium Rate: $100

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

What Is a City of Detroit Junk Dealer Bond?

City of Detroit junk dealer bonds ensure that dealers comply with government regulations and protect clients from fraud or theft.

How Much Do Junk Dealer Bonds Cost in Detroit, MI?

A $5,000 City of Detroit junk dealer bond costs a flat rate of $100 for a 1-year term. Your exact rate may be prorated based on the purchase date. 

Click below to buy your bond in minutes!

Bond Type
$5,000City of Detroit Junk Dealer Bond

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

How Do I Get My Bond?

With SuretyBonds.com, you can buy your City of Detroit junk dealer bond instantly online. Just enter your information and checkout in minutes. 

We’ll mail you the bond via your preferred shipping method. Be sure to file the bond with the Consumer Affairs Department as instructed. 

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

How Does a City of Detroit Junk Dealer Bond Work? 

A junk dealer bond creates a legal contract between three parties: 

  1. Principal: You, the junk dealer filing the bond
  2. Obligee: The Detroit Consumer Affairs Department requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding local ordinances and license regulations. 

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 on April 1. To renew your junk dealer bond, simply pay your renewal invoice when prompted. You’ll receive a new bond form to file with the city.

More Resources

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

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