Detroit junk dealer bonds.
$100 flat.
The City of Detroit licenses junk dealers and conditions that license on a $2,000 surety bond. Ours is $100 flat — the price our carrier set for this bond, not a percentage calculation. The bond issues the moment you pay — no credit check.
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How much does a Detroit junk dealer bond cost?
$100 at the $2,000 amount, the same for every applicant.
Three steps. One sitting.
City license bonds are the simplest thing in surety. Here's the entire process:
Apply online
Business details and an effective date. That is the application. No credit check.
Pay & e-sign
License bonds like this are among the thousands of bond types that issue right after purchase.
File with the City of Detroit
Your executed bond and power of attorney arrive by email, ready to file with your City of Detroit junk dealer license application. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
A junk dealer bond is a public-and-consumer-protection guarantee. Junk dealers buy and resell salvage and used goods, and the City of Detroit wants a financial backstop that you keep proper records, don't deal in stolen property, and follow the City's junk dealer ordinance.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of Detroit (the obligee), with the public as the protected party. If you violate the junk dealer ordinance and someone is harmed, a claim can be made against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. Dealers who keep clean records and follow the ordinance treat the bond as a license formality, and we keep your $2,000 filing continuous with renewal notices 60 and 30 days out.
You need this bond if you're
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 $2,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The bond runs to April 1 whatever day you buy; the premium covers the period to that date.
Renewal falls on the statutory date, April 1, in the year your term ends.
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 Detroit. Your executed bond and power of attorney arrive by email, ready to file with your City of Detroit junk dealer license application. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $2,000 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 →Common questions.
Other Michigan bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your Detroit license checklist today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.