Newark junk shop license bonds.
$100 flat.
The City of Newark requires a keeper of a junk shop to file a $500 surety bond as a condition of the license — ours is $100 flat, and the price you see is the checkout price. The bond issues the moment you pay, and no credit check.
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How much does a Newark junk shop license bond cost?
$100 at the $500 amount, the same for every applicant.
Three steps. One sitting.
A junk shop license bond is about the simplest thing in surety. Here's the entire process:
Apply online
Business details and an effective date. That's the application — no financials, no drawn-out underwriting.
Pay & e-sign
Junk shop bonds like this are among the thousands of bond types that issue right after purchase.
File with the City
Your executed bond and power of attorney arrive by email, ready to file with your Newark junk shop license application or renewal. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
New Jersey municipalities license junk shop-keepers and junk dealers at the local level under the state's general municipal licensing power — N.J.S.A. 40:52-1(c) authorizes a city to license and regulate "junk shop-keepers, junk dealers, [and] motor vehicle junk dealers" and the premises where that business is conducted. The City of Newark conditions its junk shop license on a $500 surety bond.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of Newark (the obligee), with residents and the City as the protected parties. Junk shop and secondhand-goods licensing exists in part to help police recover stolen property that passes through junk dealers — if a licensed keeper violates the City's ordinance or the license conditions, a harmed party can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay active for the life of your license, so we track it and notify you ahead of renewal to keep your $500 filing continuous.
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 $500 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. Your executed bond and power of attorney arrive by email, ready to file with your Newark junk shop license application or renewal. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $500 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 New Jersey bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your Newark junk shop license today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.