Ocean Township secondhand dealer bonds.
From $100.
The Township of Ocean, New Jersey (Monmouth County) requires secondhand dealers, including dealers in precious metals, to be licensed and bonded before they buy, sell or trade used property in the township. The Township Clerk's office sets the bond amount; premiums cost 1% of the bond amount, $100 minimum.
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How much does an Ocean Township secondhand dealer bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No long underwriting queue for the standard secondhand dealer bond — enter your amount, pay, and file with the Township Clerk. Here is the whole thing:
Apply online
Your business details, the bond amount your license requires, and the effective date.
Issued
No credit check up to $25,000, and most applications approve instantly at 1% of the bond amount, $100 minimum.
File with the Township Clerk
Submit the executed bond with your secondhand dealer / precious metals dealer license application. Wet-ink originals mailed whenever the township insists on them.
What it is and who needs it.
What the Ocean Township secondhand dealer bond actually guarantees
New Jersey municipalities license secondhand dealers and dealers in precious metals at the local level, and the Township of Ocean conditions its license on a surety bond. The bond is a consumer-protection and law-enforcement guarantee: it stands behind your compliance with the township's recordkeeping and reporting rules, which exist to help police recover stolen property that passes through secondhand dealers.
It is a three-party arrangement: you (the principal), the surety carrier standing behind you, and the Township of Ocean (the obligee), with residents and crime victims as the protected parties. If a licensed dealer violates the township's secondhand-goods ordinance — for example by failing to maintain required transaction records or by dealing in property it knew or should have known was stolen — a harmed party can recover 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 deal honestly treat the bond as a licensing formality. We price the bond at 1% of the amount your license application requires, with a $100 minimum and no credit check up to $25,000.
You need this bond if you are
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 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.
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 Township Clerk. Submit the executed bond with your secondhand dealer / precious metals dealer license application. Wet-ink originals mailed whenever the township insists on them.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $25,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields. No credit check up to $25,000. Your price — 1% of the bond amount, $100 minimum — is set at application.
Start the application →Common questions.
Other New Jersey bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Ocean Township secondhand dealer bond, issued today.
Enter the bond amount your license requires and see your exact price — 1% of the bond amount, $100 minimum. Free until issued.