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New York
Suffolk County Second Hand Dealer Bond

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

Coverage Amount: $5,000
Term Length: 2 years
Cost: $175
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Suffolk County Second Hand Dealer Bond Guide

If you’re applying for a second hand dealer license in Suffolk County, New York, you’ll likely 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 Suffolk County, NY
  • Regulating Body: The Suffolk County Division of Consumer Affairs
  • Required Coverage: $5,000
  • Premium Rate: $175

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

What Is a Suffolk County Second Hand Dealer Bond?

Suffolk County, New York 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 Suffolk County, NY?

A $5,000 Suffolk County second hand dealer bond costs a flat rate of $175. Or, you can save 25% by selecting a multi-year term. 

Click below to buy your bond in minutes!

Bond Type
$5,000Suffolk County 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 Suffolk County 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 Division of Consumer Affairs as instructed. 

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

How Does a Suffolk County 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 Suffolk County Division of Consumer Affairs 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 Suffolk County? View our New York Pawnbroker Bond Guide to see all secondhand dealer bonds in the state. 

How Do I Renew My Bond?

These bonds expire every two years. To renew your second hand 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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