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City of Hammond metals dealer bonds.
$100 flat.

The City of Hammond requires a fixed $5,000 bond of secondhand precious-metals dealers and transient merchants as a condition of its city license. The price you see is the checkout price — $100 flat, one-time.

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Required by the City of Hammond for secondhand metals dealers and transient merchants
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Fixed $5,000 amount — set by the city, $100 flat to issue
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No credit check — the application collects no credit information
A-ratedA.M. Best carriers$100flat to issue1–3 yrterms available
Trusted by industry leaders
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
Price

How much does a City of Hammond metals dealer bond cost?

$100 at the $5,000 amount, the same for every applicant.

How it works

Three steps. One sitting.

City license bonds are the simplest thing in surety. Here's the entire process:

NOW · ONLINE

Apply online

Business details and an effective date. That is the application. No credit check.

MINUTES, USUALLY

Pay & e-sign

License bonds like this issue right after purchase.

SAME DAY

File with the City of Hammond

Your executed bond arrives by email, ready to file with your Hammond secondhand-dealer / transient-merchant license. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the Hammond dealer bond guarantees

The City of Hammond licenses secondhand precious-metals dealers and transient merchants — businesses that buy and resell gold, silver, jewelry, and similar goods, or that sell from temporary locations in the city. As a condition of that license, Hammond requires a fixed $5,000 surety bond.

The bond is a compliance and consumer-protection guarantee: it stands behind your adherence to the city's secondhand-dealer and transient-merchant ordinances — record-keeping, holding periods, and honest dealing — and protects the public and the city against losses.

It is a three-party arrangement — you (the principal), the surety carrier, and the City of Hammond (the obligee). It is not insurance for you: if the surety pays a valid claim, you repay the surety.

City of Hammond — secondhand dealer / transient merchant licenseThe City of Hammond requires this $5,000 bond as a condition of its secondhand precious-metals dealer / transient merchant license. The bond amount and terms are set by the City of Hammond; confirm details on your city license application.

You need this bond if you are

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A secondhand precious-metals dealer buying or reselling gold, silver, or jewelry in Hammond
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A transient or temporary merchant selling from a non-permanent location in the city
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A pawn or jewelry buyer the City of Hammond licenses as a secondhand dealer
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Renewing a Hammond dealer license that requires a current surety bond
After you buy

Claims, renewal, filing, and what sets the price.

If a claim is made

A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.

The surety investigates and pays a valid claim, up to the $5,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.

Renewal and term

The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.

Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.

How to file it

File with the City of Hammond. Your executed bond arrives by email, ready to file with your Hammond secondhand-dealer / transient-merchant license. Wet-ink original mailed on request.

What sets the price

The premium is fixed at $100 at the $5,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.

No credit check.

One application, issued instantly.

These are the actual issuing fields. No credit check.

Start the application →
FAQ

Common questions.

How much is the City of Hammond secondhand metals bond?The price is $100 flat. The bond amount is fixed at $5,000 by the City of Hammond, but the premium is set by our carrier's rate book for this bond, not a percentage of that amount. Same price for every dealer.
Do I pay the $5,000?No. You pay $100. The $5,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.
Who requires this bond?The City of Hammond requires it as a condition of a secondhand precious-metals dealer / transient merchant license.
Is there a credit check?No credit check: the application collects no credit information. Small fixed-amount city license bonds like this one typically don't need one.
When does it renew?The bond must stay active for as long as you hold the city license. You can buy a 1, 2, or 3-year term; we send renewal notices 60 and 30 days out.
Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.
How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.
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Been told you need a different amount?

Price and requirements checked on the carrier’s application, . Page updated .

Hammond dealer bond, issued today.

$100 flat, no credit check, bond often issued in the same sitting. Free until issued.

Your price$100
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