How much does a precious gem and metal dealer’s bond cost in Oklahoma?
The Oklahoma Department of Consumer Credit requires precious metal and gem dealers to post a surety bond in the amount of $10,000.
SuretyBonds.com issues these bonds for just $100 - no credit check required. Click here or call 1 (800) 308-4358 to get bonded instantly!
|Bond Type||Bond Amount||Cost*|
|$10,000 Precious Metal and Gem Dealer License Bond||$10,000||$100||Buy Now|
If you’re ready to get bonded, call SuretyBonds.com at 1 (800) 308-4358 or fill out our online bond request form. Our team of bond experts can issue this bond instantly for just $100! You’ll receive a copy of your bond the same business day.
Why do I need this bond?
Oklahoma precious metal and gem dealer license bonds ensure that dealers of used precious metals and gems follow all rules, laws and regulations stated in the Oklahoma Precious Metal and Gem Dealer Licensing Act (Title 59 - Chapter 37A). This bond specifically covers dealers of gems, which refers to any precious or semiprecious stone or item containing a precious or semiprecious stone customarily used in jewelry or ornamentation, and precious metals, which refers to platinum, gold or silver not in the form of coins.
What’s the fine print?
Oklahoma precious metal and gem dealer bonds are continuous until canceled. If the surety chooses to cancel this bond for any reason, 30 days notice must be provided to the Administrator of the Oklahoma Department of Consumer Credit prior to cancellation.
How to become a precious metal and gem dealer in Oklahoma
Oklahoma precious metal and gem dealer’s licenses allow businesses with a permanent location in Oklahoma to take, receive or transfer used precious metals or gems in the course of business. The licensee can conduct business only at the location listed on the license.
Fees for this license include:
- a $425 investigation fee
- a $400 inspection fee
- a $300 license fee
The license is valid for 1 year beginning on January 1 and must be renewed by submitting renewal documentation before December 1 of each year.
At the time of application for licensure, the applicant must have a proof of a $10,000 surety bond and a full set of fingerprints and photographs for each owner or office of the company.
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