City of Canandaigua Secondhand Dealer Bond Guide
If you’re applying for a secondhand dealer license in the City of Canandaigua, New York, 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 Canandaigua, New York
- Regulating Body: The City of Canandaigua
- Required Coverage: $10,000
- Premium Rate: $100
Learn all about the bond requirements and process in this guide.
What Is a City of Canandaigua Secondhand Dealer Bond?
In Canandaigua, New York, secondhand dealer bonds ensure that dealers of used goods comply with government regulations and protect clients from fraud or theft.
For example, if something happens to property being held as collateral, the surety bond will compensate the claimant up to the full bond amount.
Operating outside of Canandaigua? Visit our New York Pawnbroker Bonds Hub to see all local bonds.
How Much Do Secondhand Dealer Bonds Cost in Canandaigua, NY?
A $10,000 City of Canandaigua secondhand 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!
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 Canandaigua 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 city as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Canandaigua Secondhand Dealer Bond Work?
A secondhand dealer bond creates a legal contract between three parties:
- Principal: You, the secondhand dealer filing the bond
- Obligee: The City of Canandaigua requiring the bond
- 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.
After renewing, you’ll receive a continuation certificate to file with the City of Canandaigua as proof of ongoing coverage.