Second Hand Dealer Bond

Second Hand Dealer Compliance Bond

Posted by BFBOND on April 28, 2014
Second Hand Dealer Bond, Uncategorized / Comments Off on Second Hand Dealer Compliance Bond

fidelity bond imageWho Must Have a Secondhand Dealer General License?

A person or business that buys or sells used goods, other than automobiles and firearms, in New York City must have a Secondhand Dealer General license.

 

What the DCA says:

The New York City Department Of Consumer Affairs (DCA) requires Companies who sell used equipment to obtain a Compliance Bond in the amount of $1,000.

This bond must be submitted to DCA Department of Consumer Affairs as the Certificate Holder. With your Corporate name, Doing-Business as (DBA name (if any) and Premises address. Must be exactly the same on all documents. You must also submit a copy of the bond receipt showing that the bond has been paid in full and does not expire before the end of the licensing period.

 

Below are requirements when filing your license application:

  • Basic License Application
  • Sales Tax Identification Number OR Certificate of Authority Application Confirmation Number
  • Copy of your $1,000 Compliance Bond, properly signed
  • Fingerprints and $75 Processing Fee per Person (if applicable)
  • Granting Authority to Act Affirmation (if applicable)
  • License Fee

For more information about Second Hand Dealer Bonds call 1.800.921.1008 or visit our website to get a free no obligation Second Hand Dealer Bond quote.

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