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New York Second Hand Dealer Bond

How much will my New York City second hand dealer bond cost?

SuretyBonds.com offers New York City second hand dealer bonds for just $100! Because this bond is not subject to underwriting, everyone qualifies and can become a bonded in a matter of minutes. No one is turned away! The required bond amount that needs to be posted is $1,000.

Interested in obtaining a NY second hand dealer bond? Just submit an online bond request today to receive your free quote!

Bond Type Bond Amount Cost*
$1,000 New York City Second Hand Dealer $1,000 $100 Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

If you’re ready to get bonded without having to furnish a credit report, call SuretyBonds.com at 1 (800) 308-4358 or fill out our online bond request form. We can approve you for the bond you need in just 5 minutes. It’s as simple as that!

Why do I need this bond?

Being bonded means protecting people from any unjust business practices or fraud conducted by secondhand goods dealers specifically in New York City. This bond type assures that if consumers are wronged, they have a safeguard from unprofessional acts of business and can be compensated for any potential losses they may face. By posting this bond, the principal (second hand dealer) promises to obey all applicable rules, regulations and ordinances of the New York City.

If the principal violates the terms of his or her bond agreement and a consumer is harmed as a result, the surety will pay for all damages up to the full bond amount. Contact SuretyBonds.com today to get the bond you need. Work one-on-one with our experts who are here to help you. Call us at 1 (800) 308-4358 or complete our bond request form online to get started.

What’s the fine print?

This bond will run continuously in full force and effect unless otherwise canceled by the surety or the principal. If the principal does not remain in compliance with the approved rules and regulations, the state’s obligation to the principal will become void. This bond must expire on July 31 of all odd years.

How to become a secondhand dealer in New York

It is against the law to conduct business as a second hand dealer of goods in New York City, New York without first obtaining the proper license. Businesses exempt from this requirement include:

  • used clothing stores
  • garage sales
  • used boat dealers
  • not-for-profit organizations

The following documentations and other relevant components must be submitted at the time of application:

  • basic license application
  • sales tax identification number or certification of authority application confirmation number
  • a copy of the principal’s second hand dealer compliance bond posted in the amount of $1,000
  • child support certification form
  • full set of fingerprints
  • mandatory processing fee
  • mandatory licensing fee

Our surety experts understand these licensing requirements and are prepared to answer any questions you may have. Call SuretyBonds.com today at 1 (800) 308-4358 or apply online to get bonded today!

Ready to get started?

Buy Your New York City Second Hand Dealer Bond Now!

Additional Resources

Secondhand Dealer License Information - NYC Consumer Affairs

NYC Department of Consumer Affairs - Basic License Application

New York City Department of Consumer Affairs - Official Homepage

New York Administrative Code Title 20, Chapter 2, Subchapter 11: Dealers in Second-Hand Articles

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