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New Jersey
City of Elizabeth Second Hand Dealer Bond

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

Coverage Amount: $10,000
Term Length: 1 year
Cost: $100
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City of Elizabeth Second Hand Dealer Bond Guide

If you’re applying for a second hand dealer license in Elizabeth, New Jersey, you’ll need this surety bond. 

Bond Overview

  • Purpose: To provide financial recourse for any customers harmed by a fraudulent dealer
  • Who Needs It: Secondhand dealers seeking a license in Elizabeth, NJ
  • Regulating Body: The City of Elizabeth
  • Required Coverage: $10,000
  • Premium Rate: $100

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

What Is a City of Elizabeth Second Hand Dealer Bond?

In Elizabeth, New Jersey, second hand dealer bonds ensure that dealers comply with government regulations and protect clients from fraud or theft. 

If something happens to someone’s property that is being held as collateral, the surety bond will compensate the claimant up to the full bond amount.

How Much Do Second Hand Dealer Bonds Cost in Elizabeth, NJ?

A $10,000 City of Elizabeth second hand dealer bond costs a flat rate of $100. Or, you can save 25% by selecting a multi-year term. 

Click below to buy your bond in minutes!

Bond Type
$10,000City of Elizabeth Second Hand 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 Elizabeth second hand dealer bond instantly online. Just enter your information and checkout in minutes. 

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

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

How Does a City of Elizabeth Second Hand Dealer Bond Work? 

A second hand dealer bond creates a legal contract between three parties: 

  1. Principal: You, the second hand dealer filing the bond
  2. Obligee: The City of Elizabeth 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. 

Working outside of Elizabeth? View our New Jersey Pawnbroker Bond Hub to see all local second hand dealer bonds. 

How Do I Renew My Bond?

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

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

More Resources

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

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