NYC secondhand dealer bonds.
$275. Five minutes.

The NYC Department of Consumer and Worker Protection (DCWP) conditions a secondhand dealer general license on a $1,000 compliance bond naming the City of New York. Ours is $275 flat, our minimum. The application is five minutes, with no credit check.

Required for your DCWP secondhand dealer general license — new and renewal
Fixed price, fixed amount — $1,000 bond, $275, no quote process
Names the City of New York as required — business name and address must match your license
A-ratedA.M. Best carriersFastoften same purchase1–3 yrterms available
Trusted by industry leaders
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Three steps. One sitting.

DCWP compliance bonds are simple. Here's the entire process:

NOW · 5 MINUTES

Apply online

Business details and an effective date — matching the name and address on your DCWP application. That's it.

MINUTES, USUALLY

Pay & e-sign

Compliance bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.

SAME DAY

File with DCWP

Your executed bond naming the City of New York arrives by email, ready to file with your secondhand dealer license application. Wet-ink original mailed on request.

The whole pricing page.

$1,000 bond × 3% = $30, but our floor is $275 — so $275 per term. Fixed amount, fixed price, multi-year if you want it.

1-year term
$275
2-year term
$550
3-year term
$825
About this bond

What it is and who needs it.

What the secondhand dealer bond actually guarantees

Anyone buying or selling used goods (other than automobiles) in New York City needs a Secondhand Dealer General License from the Department of Consumer and Worker Protection (DCWP), and DCWP conditions the license on a $1,000 compliance bond. The bond is a consumer-protection guarantee: it stands behind the dealer following NYC consumer-protection law.

It's a three-party arrangement: you (the principal), the surety carrier, and the City of New York (the obligee), with the public as the protected parties. If a dealer commits fraud or breaches a consumer contract, the harmed party can recover against the bond. The bond must name the City of New York, and the business name and address must match your license application.

It is not insurance for you — if the surety pays a claim, you repay the surety. Dealers who follow DCWP rules treat the bond as a license formality, not a risk.

NYC DCWP — Secondhand Dealer General License (NYC Admin. Code § 20-266)The NYC Department of Consumer and Worker Protection requires a $1,000 compliance bond, naming the City of New York, as a condition of a Secondhand Dealer General License; the bond stands behind the dealer's compliance with NYC consumer-protection law (Admin. Code § 20-266). Confirm current requirements on your DCWP license checklist before filing.

You need this bond if you're

Applying for a DCWP secondhand dealer license — used goods other than automobiles
A used-jewelry, electronics, or goods dealer operating in the five boroughs
Renewing a secondhand dealer license and your current bond is expiring
Opening a new location DCWP requires to be separately licensed and bonded

Five minutes. The whole thing.

These are the actual issuing fields — no credit check section, because this bond doesn't have one. The bond names the City of New York automatically.

Start the application →
FAQs

Common questions.

If yours isn't here, the bond team can usually answer within the hour.

How much is the NYC secondhand dealer bond? +
The premium is $275 — our minimum. The bond amount is a fixed $1,000 set by DCWP, and 3% of that is $30, below our $275 floor, so the price is $275 for every dealer. There is no quote process.
Do I pay the $1,000? +
No. You pay $275. The $1,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.
Does it name the City of New York? +
Yes. The bond names the City of New York as required by DCWP, and the business name and address on the bond match your license application. We issue it ready to file.
Is there a credit check? +
Not on this bond — the application has no credit section at all. Small fixed-amount compliance bonds like this one don't need one.
How fast will I have the bond? +
Compliance bonds like this are among the thousands of bond types that issue right after purchase — many dealers finish and have the bond in the same sitting. At most, 1–2 business days.
Related bonds

Other New York bonds.

Finish your DCWP secondhand dealer license today.

$275 flat, five-minute application, bond often issued in the same sitting. Free until issued.

Your premium @ 3%$275
Apply now →