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New Jersey
Jersey City Secondhand Dealer Permit Bond

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

Coverage Amount: $10,000
Term Length: 1 year
Cost: $100
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Jersey City Secondhand Dealer Bond Guide

If you’re applying for a secondhand dealer license in Jersey City, 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 Jersey City, NJ
  • Regulating Body: The Division of Commerce
  • Required Coverage: $10,000
  • Premium Rate: $100 for a 1-year term

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

What Is a Jersey City Secondhand Dealer Bond?

Jersey City, NJ secondhand dealer bonds ensure that secondhand dealers comply with government regulations and protect clients from fraud or theft. 

For example, 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 Secondhand Dealer Bonds Cost in Jersey City?

A $10,000 Jersey City secondhand dealer bond costs a flat rate of $100 for a 1-year term. Or, you can save 25% by selecting a multi-year term. 

Click below to buy your bond in minutes!

Bond Type
$10,000Jersey City Secondhand Dealer Permit 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 Jersey City secondhand 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 Division of Commerce as instructed. 

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

How Does a Jersey City Secondhand Dealer Bond Work? 

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

  1. Principal: You, the secondhand dealer filing the bond
  2. Obligee: The Division of Commerce 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. To renew your secondhand dealer bond, simply pay your renewal invoice when prompted. 

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

More Resources

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

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